Nice model at cross road of On and Offline SME lending
the company said it raised $8.3 million in venture financing today. The company also said it secured a $50 million credit facility as part of the financing announcement. “Anyone who gets into the business looks back over the course of 100 years, and knows in the next 100 years, there’s gonna be a downturn again,” he said. “I’m certainly not an economic forecaster, but I can tell you from our perspective as a lender, we have structured products tied to the needs of our business owners. Even in a downturn, the structure of those products will help them better use capital and help us work them through it.”