Hacker News new | ask | show | jobs
by atlasunshrugged 1920 days ago
This is really nifty but just making sure I understand, this isn't exactly a factoring solution but rather something a bit closer to a Square/Stripe integration that repays the money directly with the companies' online revenue rather than by taking ownership of an invoice?
1 comments

repayments adjust to how much the business had in sales via the platform. So closer to what Square/Stripe offer in the US.
Got it, very cool. Of course I assume you can also easily create a little card reader for smaller shops/physical stores so you can also track those sales and do loans based on that too!
it's possible! though what we've noticed is that there are a ton of these card readers popping up in countries like Mexico. They've got the distribution down, and have done a lot of the legwork in finding these small businesses. we really focus on understanding the risk to give them access to financial resources often unavailable to them