Example we've recently lent $50k to a women's clothes retailer who went into liquidation 90 days later We take the security of their home or some other asset as security, but here with CRO you're relying on them paying back but you'd want to have added security in the bnpl space especially B2B
It may not be the one you're providing the funding to that causes the issue either, for example Whola goes broke, you've been lending to 35 of the wholesale buyers, suddenly they are out of pocket and no stock, your chasing 35 x $10k or $20k (large money)
For those who are around during the BIGun stock, the factorer (upfront funder) lost millions upfronting on uncompleted service invoices
It's not easy and imo CRO should not offer and funding unless the business is signed up to Spenda, this gives them much better security and insight into the underlying business along with the importance of revenue from transactions
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