Why FinTech is the WORST.
Savneet Singh

Great Read. I think it is funny how wealth, cash flow lenders, payment schemes, reverse factoring are just lumped together under the Fintech banner because there are a zillion players who threw their model into the “cloud”. As a plain vanilla invoice factoring company, we acquire customers through the internet but we have some measure of credit discipline.

I believe when the economy softens and 100's of thousands of small businesses tank with 50–200% ACH loans it will cause/worsen the next recession.

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