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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How is this different from a credit card loan paid off with a fixed portion of revenue? Even distressed businesses can usually meet the minimum payment.
I think this product allows lots of businesses to share risk. The many that falter get cheaper credit paid for by the few that find more traction than they were expecting. Would it be too much to say it allows redistribution of unneeded runway?
Does Stripe have a different approach to risk profiling? I suppose the only businesses that make use of this capital are already termed risky by traditional lenders.
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