Bar: Melio will offer credit through partnerships, not in-house balance sheet
Matan Bar · 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio · Feb 11, 2021 · at 15:18
Matan Bar is the founder and CEO of B2B payments platform Melio. Here he outlines Melio's product expansion strategy into financial products like credit and lending.
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“I think we're most likely going to partner with a company that is doing credit well in order to provide this service as a Our focus is to become the best B to B payments platform and user experience, and that's a lot of work already. So getting into credit underwriting and having funds on our balance sheet is something that is probably relatively complicated or defocusing in terms of our product strategy. So this is probably a partnership rather than a build decision, but definitely something that we're aiming on building and have concrete plans on.”
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