Alex Shvarts
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I've never seen it explode in a way where they just pay back like that.
However, if a merchant comes back in 30 days and says, look, I just want to repay the receivables now, we just give them a discount on the balance.
Yeah.
Yeah, we discounted and that's great, right?
I see.
But it never explodes in the way we want it to explode.
It's the implosion, not the explosion, right?
Okay, so we processed last month, probably approximately 5000 applications for different businesses, right?
We don't disclose the numbers of deals we actually fund or the volume, we can give you just average numbers, right?
Um, but so yeah, 5,000 businesses, about 5,000 applications.
We processed a variety of industries.
Like there's, we get some time, agriculture, supermarkets, restaurants, um, manufacturers.
It's just to, you name it, we see it.
Nobody does that type of conversion.
No.
So it's much lower.
Yeah, it's much lower.
It could be anywhere from...
So I'll give you this number.
Out of 5,000 applicants, we made offers to merchants.