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This is really nifty but just making sure I understand, this isn't exactly a factoring solution but rather something a bit closer to a Square/Stripe integration
by atlasunshrugged 6y ago
This is really nifty but just making sure I understand, this isn't exactly a factoring solution but rather something a bit closer to a Square/Stripe integration that repays the money directly with the companies' online revenue rather than by taking ownership of an invoice?
- r97teran 6y agorepayments adjust to how much the business had in sales via the platform. So closer to what Square/Stripe offer in the US.
- atlasunshrugged 6y agoGot it, very cool. Of course I assume you can also easily create a little card reader for smaller shops/physical stores so you can also track those sales and do loans based on that too!
- r97teran 6y agoit's possible! though what we've noticed is that there are a ton of these card readers popping up in countries like Mexico. They've got the distribution down, and have done a lot of the legwork in finding these small businesses. we really focus on understanding the risk to give them access to financial resources often unavailable to them