🎧The Fintech OG Series: Max Levchin and Jackie Reses
This Week in Fintech's Podcast
Challenges in Small Business Lending
Lending money to small businesses may seem simple, but historically, there has not been a dominant player in this space. Companies like Cabbage have attempted to fill the gap, but many have not survived over time. The challenges lie in the low margins in consumer payments and the difficulty of scaling in small business lending. The sector is competitive, and even a slight increase in small business bankruptcies can severely impact the stability of such lending ventures.
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