Nathan Latka
👤 SpeakerAppearances Over Time
Podcast Appearances
And how much do you have to participate on the... So the advance rate is what, 90%, 95%, 80%?
Yes.
You mentioned you rate people, FinTechs raise equity to cover their haircut capital and their warehouse facilities typically.
And those warehouse facilities.
So we have, you're creating an S you're creating an individual SPV for every deal.
Okay, let me just use a real example from our research.
You raised $16.8 million, according to Crunchbase, in October of 2023.
It's, quote, debt financing fund kite $16.8 million.
What is that?
Oh, I see.
So you're, okay, got it.
So you're raising these sort of structured notes at your opco level and then, and then that's the money you're using to do these deals.
Oh, I see.
I see.
Okay.
So where do we get the 200 million from?
Like I can't find that 200 million number in my research anywhere.
Oh, I see.
Okay.
So that's the total.