Alex Bean
👤 SpeakerAppearances Over Time
Podcast Appearances
It minimizes your loss rate.
Yeah.
So the difference on that, I think you'd see the same with Brex and Ram too.
Right now when we're underwriting, we're not doing a lot of loans.
We will be, you know, adding to that.
We kind of have that beta.
It's more underwriting like your credit card, like an Amex.
So if you don't pay, if you don't pay, then there are fees.
And obviously there is revenue that comes from like, Hey, if you don't pay your credit card bill, you pay it late.
You know, it's carried interest, et cetera.
But cabbage is doing like loans, right there.
There's just straight out saying, Hey, we're going to give you a hundred thousand dollar loan.
And at this return, so.
We do have that set up.
We are not fully launched on it simply from a product standpoint.
We actually launched it pre-COVID.
We pulled it, obviously, with COVID.
Now, we're going to start launching it again.
It's definitely in our wheelhouse.
It's the same conversation Amix and all these guys have.