Looking to understand more about interchange economics for a virtual tokenized card transaction compared to a regular card transaction...any resources?
@almostcmb So much this... I'm curious if those who are doing /funding "revenue based financing" even realize that they are doing "factoring" and that's been around forever with many established players (CIT etc)
Just a ton of cash into a space that doesn't even understand itself.
An alarmingly large percentage of fintech pitches I get are given to me by CEOs with very little to no financial services background who aren't totally aware they are blatantly violating a financial regulation with their product.
Always speak to lawyers before you speak to VCs
@MichaelSedacca@conorsen Nope - we recently closed and only have to maintain a minimum of $3,500 in the checking account (by setting up 1 direct deposit)
@lolitataub@nellapinate of Zumma - this team is hungry and extremely knowledgeable about the MX Fintech market. Theyโre going to change how we think about investing ๐ฅ