Alex Shvarts
👤 SpeakerAppearances Over Time
Podcast Appearances
You have to look at line by line to see what's going on, right?
So what we've done is we've created automation that's able to really understand or read those base statements and with scoring models, shoot out offers.
So primary for us is looking at the cashflow history of the business.
Second is,
is credit and background in industry.
And we've been able to do that.
And banks, they can't do that.
I mean, we talk to banks all the time.
They don't understand that they're credit-driven products.
They pull the credit, it's 750.
Great, we can fund this guy.
We can provide credit.
We don't look at credit.
Credit's not the most important factor to us.
It's how they got there.
So you can have somebody with 550 credit.
They're just utilizing a lot of their credit and their credit score is down.
You can have somebody with 780 FICO score and they have no credit.
They've got one credit card.
And so credit isn't always a true reliable factor for us when it comes to providing funding.