News for hackers. Stuff that matters.
Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by kle on Friday August 27, 2021 @11:55AM (#28329392)
> the majority are running some form of business back home

majority, as in >50%? is this really true?

I'd love to know more. What are these businesses and are people using them to finance their living in NA/Europe?

Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by lastofthemojito on Friday August 27, 2021 @12:22PM (#28329690)
I was surprised by that quote too, but there are definitely some interesting hustles going on: https://www.nytimes.com/2019/12/30/nyregion/amazon-delivery-...
Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by riancochran on Friday August 27, 2021 @02:19PM (#28331240)
Hadn't see this article, but this is a great example.
Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by riancochran on Friday August 27, 2021 @12:03PM (#28329491)
There’s a convergence of consumer and business here. Even a home owned and leased out in a country of origin drives demand for services that aren’t offered by today’s financial institutions. Also, as you suggest, many immigrants export cars and other physical products home to subsidize their salary where they now reside.
Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by ComodoHacker on Friday August 27, 2021 @12:41PM (#28329943)
People are using them to provide a decent living for their families and relatives in their home country.

A year or half of savings is often enough to start a business in a poor country.

Just have heard a story today of a truck driver in US who helped his relatives open and run two medical clinics in his hometown (not Africa).

Re:Launch HN: Lemonade Finance (YC S21) – Digital Bank for t... by dang on Friday August 27, 2021 @02:53PM (#28331634)
I've replaced "majority" with "many" in the text above, since that's just as good for making the key point. If someone comes with a compelling citation we can change it back :)

(Your comment is great, I just needed a place to hang this moderation announcement!)