.@collision @stripe I'm curious why all the announcements and examples on the site say you're doing lending but when I click on the FAQ, it says you're doing MCAs and buying future sales and not actually making loans. Which is it???
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Good question—it'll actually be both. Eligible users will be able to see whether their offer is for an MCA or a loan in the dashboard. (We'll update our FAQs to make this more clear!)
End of conversation
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“Growing the GDP of the internet” to its logical conclusion!
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Where does this financing come from, other platform balances? Assume not, but could it? Could someone chose to have their balance used for this and take some of that interest? Seems like an obvious next step
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It’s really awesome what you’re doing with Stripe capital. Congratulations!
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Great product! Now you have just to work towards lowering the fee from 10% to 5% to be competitive with other companies, e.g.
@clearbanc (cc:@MicheleRomanow).. Or what’s the USP here that I don’t understand?Thanks. Twitter will use this to make your timeline better. UndoUndo
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I love how it does not have compounding interest. Bravo!
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Stripe is basically becoming financial services...as-a-service. FSAAS. Need a catchier acronym, no one would believe it in a pitch deck.
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I may consider switching to Stripe... will you restrict clearbanc?
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Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.