One of the key elements of business banking is short/medium term credit (e.g. overdrafts and small business loans). These are typically offered by a company's main bank (as this bank has complete info on the company's past cash flows).
Do you intend to offer loans and/or overdrafts, either yourselves, or in partnership with other companies?
Short answer, yes. We have a lot of ideas about how to offer credit and lending products, both ourselves, and with partners. We're spending a lot of time talking to companies to understand the current pain points, and we'll be able to share more soon.
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One of the key elements of business banking is short/medium term credit (e.g. overdrafts and small business loans). These are typically offered by a company's main bank (as this bank has complete info on the company's past cash flows).
Do you intend to offer loans and/or overdrafts, either yourselves, or in partnership with other companies?
Short answer, yes. We have a lot of ideas about how to offer credit and lending products, both ourselves, and with partners. We're spending a lot of time talking to companies to understand the current pain points, and we'll be able to share more soon.