Ethical business has always been important to Greg Ellis, co-founder of money lending company Nimble and a successful entrepreneur.
The idea for the industry-disrupting company was born when Greg and his friend, Sean Teahan noticed a sizeable gap in the finance market.
“We were talking about how there are no options if you just want to borrow a small amount of money,” the Griffith Business School alumnus explained.
“You’re either annoying your mother, going somewhere suboptimal, to put it lightly, like a pawnbroker. Or you’re racking up a $10,000 credit card with a series of small borrowings, which you generally don’t repay, or pay interest only.”
He says the company’s initial goal was to lend to working people without getting them into a cycle of debt. “It was for people who wanted an ethical, comfortable alternative for a small amount of money and then it was about paying it back shortly thereafter
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