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Alex Schwartz

13 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Mar 21, 2024 by Alex Schwartz · across every show →

On the record as a speaker too: Alex Schwartz's record, appearances and statements → this page counts the times other people say the name.

Everything said about Alex Schwartz, oldest first

Mar 21, 2024
Disclosure
Schwartz: FundKite increased structured debt note filing to roughly $22.8M
“I did another filing recently. That number went up to like 22.8 or something.”
Alex Schwartz Mar 21, 2024 ▶ 16:22 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024 positive
Assertion Not checkable as stated
Schwartz: FundKite generated approximately $70 million in revenue during 2023
“Well, we did, I think we did about seventy million worth of revenue last year, give or take.”
Alex Schwartz Mar 21, 2024 ▶ 28:39 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Assertion Not checkable as stated
Schwartz: 12% to 15% of FunKite portfolio experiences collection issues
“So total total, I think trailing, it's about 12 to maybe 15% of the portfolio going to some type of a collection issue.”
Alex Schwartz Mar 21, 2024 ▶ 19:31 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024 bullish
Prediction Not checkable as stated
Schwartz: FundKite targets deploying $300 million in capital during 2024
“That's 300.”
Alex Schwartz Mar 21, 2024 ▶ 24:30 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024 neutral
Disclosure
Schwartz: FundKite's average deal is $110K for $1M–$5M businesses
“So our average deal size is about a 110,000 dollars. And this, these are companies that are doing between one and five million a year in annual growth sales.”
Alex Schwartz Mar 21, 2024 ▶ 1:53 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Disclosure
Schwartz: FundKite discounts balances for 30-day repayments rather than restructuring deals
“No, we don't restructure them, and I've never seen it explode in a way where they just pay back like that. However, you know, if a merchant comes back in 30 days and says, look, I just want to repay the receivables now, we just give them a discount on the bala…”
Alex Schwartz Mar 21, 2024 ▶ 9:22 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Disclosure
Schwartz: FundKite has raised nearly $200M in debt and participation capital
“And so both in debt and participation, almost two hundred million.”
Alex Schwartz Mar 21, 2024 ▶ 14:59 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Insight
Schwartz: Revenue-based financing should be evaluated by capital cost, not APR
“The better way to look at this is, is the cost of capital. So, you know, I'm getting 90,000 dollars. I got to pay back a 100,000 dollars. My cost of capital is 10,000 dollars. That's the true way to look at this. And cause there is no term and that's really, r…”
Alex Schwartz Mar 21, 2024 ▶ 8:12 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Assertion Not checkable as stated
Schwartz: FundKite maintains a 6.8% lifetime write-off rate on its receivables
“Total life average of write off about 6.8% of the receivables we purchase.”
Alex Schwartz Mar 21, 2024 ▶ 18:09 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Assertion Not checkable as stated
Schwartz: FundKite recovers at least 50% of receivables in default
“So we recover at least 50% of what goes into defaults or collections.”
Alex Schwartz Mar 21, 2024 ▶ 18:26 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024 negative
Assertion Not checkable as stated
Schwartz: 90% of merchant defaults are orchestrated by debt settlement companies
“Nine out of 10 of those deals that go into defaults are not because the merchant is running into issues. They're going in because they get the debt settlement companies call them and say, basically stop paying. We're going to negotiate for less, right?”
Alex Schwartz Mar 21, 2024 ▶ 18:48 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Disclosure
Schwartz: FundKite avoids warehouse facilities and senior credit lines
“We don't have any warehouse facilities or senior lines. We don't take on capital like that, right? We have investment partners that participate in these transactions or these contracts and that's how we structure it.”
Alex Schwartz Mar 21, 2024 ▶ 15:24 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
Mar 21, 2024
Disclosure
Schwartz: FundKite's receivables discount rate ranges from 10% to 28%
“Typically it can range from anywhere from 10 to about 28% discount. So depending on the risk factors that we're facing.”
Alex Schwartz Mar 21, 2024 ▶ 5:23 Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin?
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