Laurent Le Moal

No.

Absolutely.

I think the ability to offer credit is all about your ability to manage risk.

And to do that, you need to be able actually to leverage data.

So if you go around the world, the banks have done this, but all using the same credit scoring model and basically addressing the 1% of the population,

the population that actually do not really need credit.

If you go now to India and you want to address really the 90% of the population, they do have the means to repay their debt.

They do want, of course, to buy stuff online.

So consumption is very high, but they have what we call a very thin file.

So you need really to have all the credit scoring and the ability to extract data from all of the different sources.

The biggest one actually,

Yes, absolutely.

That was truly my first company.

Now I would say I try to help younger people with their own companies, but that was my own effort.

So the classic story, I started alone in my kitchen in Milan.

My accent doesn't give it up, you know, but I'm French and Italian.

So I was there in Milan, you know, and I basically decided to start a job board, talent manager, basically, you know, just to create the matching mechanism between supply and demand of young professionals in Southern Europe.

So I found, you know, a partner to really build the website.

And when I see right now the entrepreneurs, you can just set up, you know,

Your mobile application use, you know, Amazon, you know, web services.