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This is like a pay day loan. It's a brilliant move by Stripe to monetize their float/net deposits. I wonder what the effective interest rate will be. Edit: I
by anonu 7y ago
This is like a pay day loan. It's a brilliant move by Stripe to monetize their float/net deposits.
I wonder what the effective interest rate will be.
Edit:
I meant "merchant cash advance"
Reminds me of this article:
How Two Guys Lost God and Found $40 Million https://www.bloomberg.com/news/features/2015-10-06/how-two-guys-lost-god-and-found-40-million https://www.bloomberg.com/news/features/2015-10-06/how-two-g...