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jess-zhang | 2 years ago

glad u asked for more context! for example, a fertility service provider can use Pier to launch "pay later" & financing for its patients. fertility treatments like IVF, egg freezing are typically $10-25k, not covered by insurance. another example, tiktok can provide working capital to its influencers based on predicted video quality, # of viewers, frequency of postings etc

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JCharante|2 years ago

Who takes the default risk and profit from the loan? Is it all the underwriting bank?