Ex-Goldman Trader Builds Unicorn After Being Denied Credit Card
- Paidy is rare Japan startup valued at more than $1 billion
- Cummer was credit trader before founding BNPL startup
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Russell Cummer was a credit trader at Goldman Sachs Group Inc. in Tokyo when he tried and failed to get a credit card.
It’s a common tale in Japan, especially for young people with no credit history. Cummer’s response was decidedly uncommon: He ended up forming a business to give people an alternative to cards.