EP. 84 - How I Built A £5 Million+ Lending Platform ft. Demi Ariyo
Episode description
Joining us in the booth this week is Demi, founder of Lendoe, an online lending platform that provides access to funding for underestimated entrepreneurs.
This episode includes:
- Why he quit his dream of becoming a footballer
- Challenges he had with his first business Skate & Skank
- How Demi got into the world of investing into stocks, shares and bonds
- The journey to building Lendoe to what it is today
- Plans to raise £10 Million+ for businesses in the future and much more
Follow Demi here
Get tickets to 'The Update' Event here
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Learn on Coursera here: https://imp.i384100.net/savvywallet
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Check out: https://www.youtube.com/savvywallet for the video version
TIMESTAMPS
00:00 - Preview
01:02 - Take Off Intro
01:37 - Intro to Demi
05:20 - Growing Up In Islington & Hackney
13:12 - Wanted To Be With The Cool kids in school!
17:04 - Sales career started in school!
19:50 - I Wanted To Become A Footballer!
24:05 - Skate & Skank My First business
26:07 - Why We Stopped Skate & Skank
27:23 - How I Discovered Investing
30:59 - Raising Money For My Church & The Birth of Lendoe!
33:18 - The Lendoe Platform
34:36 - Making Good Money Lending
38:12 - Why Underestimated Founders Don’t Get Funding
41:12 - Why You’re Scared of Credit!
43:55 - Raising £5 million+ for businesses like SoulCap, Ava Estelle, SliderCuts & more
50:49 - Giving Away Equity is Expensive!
58:25 - The plan to raise £10 million+
01:04:30 - As an Entrepreneur I Struggle With This
01:11:18 - ’The Update’ Event
01:14:35 - Final Words
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