How WEEL Reached a Zero Percent Default Rate

Russell Weiss
Aug 7, 2018 · 3 min read

WEEL is an online factoring company focused on the Brazil market. Two years ago, we set a seemingly impossible target: get to a 0% default rate without impacting growth. The default rate is the percentage of unpaid loans over the total amount lent out. To reach a 0% default rate, a lender needs to build a perfect decisioning system. Every loan needs to be repaid, and in factoring, there is no opportunity to…