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61 - Paul Birkett, founder and CEO of Automation Finance
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Paul Birkett, founder and CEO of Automation Finance
Automation Finance has saved over 2000 families from foreclosure and we couldn’t be more excited to speak with their Founder & CEO Paul Birkett. Paul’s company, Automation Finance, pools consumer funds to invest in distressed assets and non-performing loans. Or, if you’re not in the financial industry, what that means is that they work with loans going into foreclosure to reformat them and keep the family in their home - all the while paying a nice return to their investors! Automation Finance uses crowdfunding, and investing starts at $250, so if you’re looking to support a D(g)B guest, check them out!
Thank you to Paul, for joining us (from Ireland!) and proving that doing good business is not only possible, it’s profitable.
Our favorite takeaways:
- You can pursue “hard nose commercial business” (that generates an 8% target return for its investors) while also helping people
- Serving disadvantaged communities can still provide a profit/ROI
- Ordinary people want to invest money to help other ordinary people - and Automation Finance makes that possible - and pays dividends to those ordinary people, not to Wall Street
- Over time, their results have been BETTER than the competitors who aren’t focused on helping people
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