Very cool. I'm curious--
1. How do you vet the lenders? Anything keeping them on a leash so they don't go too hard on past-due accounts?
2. Is the financing generally recourse to the owners?
3. Who's your biggest competitor?
1. How do you vet the lenders? Anything keeping them on a leash so they don't go too hard on past-due accounts?
2. Is the financing generally recourse to the owners?
3. Who's your biggest competitor?
2. There are both recourse and non-recourse options.
3. Stripe released a product with some similarities recently. On the marketplace side we compete with companies like Lendio and Fundera.