[nknealk]

The loan was collateralized by shares, not used to purchase shares. Also the founder got a sweetheart deal on the interest rate.

“ The loan [to our founder] accrues interest at a rate per annum equal to the long-term federal rate established pursuant to Section 1274 of the U.S. Internal Revenue Code as in effect on November 8, 2019 (which was equal to 1.93% per annum), is secured by our Founder’s Class A units in Bumble Holdings and any net cash proceeds of such pledged units to the extent received by Beehive Holdings III, LP, and allows for repayment at any time”

[Robelius]

Unrelated, but Beehive Holdings is a great holding company name for Bumble.