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For me, as a business owner, I am inundated with letters from companies offering capital. I understand that this is a platform play and could well succeed but f

For me, as a business owner, I am inundated with letters from companies offering capital. I understand that this is a platform play and could well succeed but for me feels like a very crowded market. Maybe worth it as a convenience thing? I can imagine most Fintechs are working on similar at the moment. Curve, Monzo, Revolut, Starling are all going too need lending to profit in the future. Maybe the success of this will be driven by the economic engine. Lets hope it doesn't stall.

anonymouse008 6y ago
Edit: > I can imagine most Fintechs are working on similar at the moment. Curve, Monzo, Revolut, Starling are all going too need lending to profit in the future. ^ None of them are vertically integrated with customer status quo payment methods. This 'moment of transaction' access to payback across all payment types is astounding. It's easy to do - but don't significantly underestimate the financial value of compounding interest in these quick of terms. This is almost like high frequency trading on small businesses. The loss ratio and their interest rates will be much more competitive than these outlets -- much less their cost of doing due diligence since a significant portion of your sales go through them. Also, they clearly get to define the maturity date with the % of transaction payback. This is one of those -- just try it both ways and see which one you like more. (Also, not trying to be a shill... honestly feeling like I'm missing out on this huge opportunity... kinda sucks)