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06-24-2020, 11:46 AM #12
- Join Date
- Nov 2018
- Posts
- 23
Agree with this as well.
I believe as e-com business continue to thrive, and the economy vibrates, the mom and pop shops will need MORE capital to stay afloat, and this is our "Mr. Merchant". Once their 'credit lines' are maxed and their credit is going under, Bank's aren't going to touch that. So yea, you'll have square, amex, paypal and these guys with the A paper and the mca space with B/C/D but they'll have more regulation such as TILA disclosures, lending licensing, things like that.
All in all there will ALWAYS be a sub-prime capital market but my firm belief is as people become more distant from human relationships, the MCA fintechs will heavily capitalize and the brokers will be dealing more within the 50k box with less upsell percentages.
But big tech can't have 'em all and can't pivot as quickly. A nice percentage of the market will still need human underwriting, human tuned fraud detection and that fingertip feel that algorithms can't touch.Last edited by fundjax; 06-24-2020 at 12:10 PM. Reason: edit
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