🚀 Delivery Hero's New Venture
Delivery Hero, headquartered in Berlin, is taking a bold step by venturing into financial services. The company is currently hiring a "Data Analyst Lending" for its Fintech division. This move could allow restaurants and drivers on the platform to access loans, following in the footsteps of US-based companies like DoorDash and UberEats.
💼 Hiring for Fintech Expansion
The new role in Delivery Hero's Fintech team will focus on developing "cutting-edge credit products" across multiple markets. Emon Goswami, a seasoned financial manager with a history at major Indian banks, leads this initiative. The team is set to collaborate with Fintechs to enhance data-driven lending processes. This opportunity promises involvement in transactions worth billions of dollars.
📊 Tailored Loans for Restaurants
Delivery Hero is likely working on tailored financing options for restaurants. Such loans could be particularly beneficial for businesses with fluctuating income, providing funds for new openings or large purchases. Unlike traditional bank loans, Delivery Hero can offer more flexible terms by linking repayments to restaurant turnover, reducing default risks.
🌍 Global Reach, Local Challenges
While this initiative is new, similar financing products are already offered by competitors like Lieferando in Germany. However, Delivery Hero exited the German market in 2021, focusing on its 70 other markets, including South Korea and Saudi Arabia. The company's strong international presence and local regulatory variations could make the rollout of these financial products easier abroad.
How will Delivery Hero's loan offering impact global restaurant financing?
