I didn't realize Stripe had branched out into usurious lending (I clock this at about an 11% annual interest rate based on the repayment period)pic.twitter.com/2vXFs8lxT9
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Repayment period depends on cash flow. All the data you need to calculate the repayment period is in my tweet.
Actually, fairly sure it isn’t. Advances on receivables have an indefinite repayment period (b/c payment is percentage of undefined revenues, and also it’s common to have “reconciliation clauses” which effectively cap periodic repayment). Stripe didn’t invent this.
Btw this comment should not be taken as a defense of Stripe or late capitalism generally. Gotta know your enemy.
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