The founder's deep industry connections from their previous lending technology startup provide us immediate credibility with our initial targets.
Our approach is targeting local non-bank lenders as our distribution channel rather than going direct to borrowers. Each lender represents 30-50 loans annually, creating multiplicative user acquisition with dramatically lower CAC.
We've designed a powerful incentive alignment: lenders receive 2% cashback on all borrower spending, creating a completely new revenue stream while obtaining unprecedented transaction visibility.
We pay the highest in market for yield on cash: 3.20% We pay the highest in market for card spend cashback: 2% We provide them liquidity by premising the option to buy their loan originations
This approach creates a powerful flywheel effect:
What's powerful about this approach is that institutional capital demands data standardization that no individual lender can provide. By sitting in the middle of every transaction, we create the scoring infrastructure that enables Wall Street to properly price risk in this asset class.
The economics align beautifully. For a mid-tier lender: