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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Agree! But doesn’t that argue for more rather than fewer capital products like this?
I don't see the difference between what Stripe is offering and other high-interest loans (e.g. opening a credit card). No one seems to be offering traditional small business loans (a few thousand bucks at 4-8%), perhaps linked to the grow-or-die mentality of our industry.
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