No sales team - direct contact via AdWords etc , tried broker referrals etc but the leads tend to be poor quality and you get half the story
15 years operating as broker, 4 as funder Loan book took 4 years with $200m initial funding line
SME borrowers/ business loans/ security always taken over res or Comm property to reduce risk
Yes charge over loan book, I think SPX DW issuer will end up with board member status joining SPX reading between the lines with the commentary which would be a good thing
I think my main grind is it's really now a lending business and the lingo AF speaks shows his lack of aptitude in the space and continues on about the payments/ transactions which haven't gained traction
The Invigo guys have experience, I think even for them agri type invoice lending will be tough but hey good luck if they pull it off
Will be interesting to see the next 4C and if the reported $150m and $100m in transaction pa volume shows up
Yes I'm past believing anything he says so definitely cynical overall
SPX Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
(20min delay)