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Not sure how accurate the facilitator title is, as they are...

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ozzstriker

65 Posts.

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18/09/20

12:16

Post #: 47447383
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Originally posted by Chip343: ↑

There appear to be a couple benifits:
- It allows QFE to service smaller loans that are more common but would have previously not meet credit requirements. SplitIt guarantees these loans against a pre-existing line of credit the customer already had (e.g. their credit card). I think QFE has realised a nuance in their business that they are a payment "facilitator" not a lending agency.
- It shifts the guarantee of the lending from the service provider to the customer through their pre-existing credit. I think this is a really important point because it sounds as if it has caused friction when getting service providers to use QFE's platform.

I'd be interested in understanding the fee structure. For example, if QFE gets a fixed fee decoupled from the size of a loan, then facilitating many small loans could be a much more profitable use of lending capital than several larger loans. This would make the SplitIt partnership ideal.

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Not sure how accurate the facilitator title is, as they are raising $17.5 of which approx. $12m to expand their loan book for lending capabilities..

There’s some great questions here, would be wise to ask them in upcoming webinar to hear Bruce’s response.

Last edited by ozzstriker: 18/09/20

QFE Price at posting: 61.0¢ Sentiment: Hold Disclosure: Held
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