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Qwil

includes Qwil App

7 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Dec 11, 2016 by Johnny Reinsch · said 20 times in 1 episodes since 2016 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (17), Johnny Reinsch (3)

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2016 20 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Qwil, oldest first

Dec 11, 2016 neutral
Disclosure
Qwil uses instant credit underwriting instead of rejecting users upfront
“We actually don't turn anyone away. It's more of if we're able to make some of the earnings available in advance or not. And that, that all happens actually on the spot using our credit underwriting algorithm.”
Johnny Reinsch Dec 11, 2016 ▶ 10:54 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016
Disclosure
Qwil charges flat fees competitive with Visa and Mastercard rates
“We make earnings available for them as soon as they've completed their work, and we do it at a very, very low price point. A flat fee that is typically competitive with even though the charges that Visa or MasterCard would charge for processing a payment over …”
Johnny Reinsch Dec 11, 2016 ▶ 3:16 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016 neutral
Assertion Not checkable as stated
Between 25% and 50% of users accept Qwil's payment advances
“We find that somewhere between 25 to 50% of the advances that are offered or taken for various reasons.”
Johnny Reinsch Dec 11, 2016 ▶ 9:01 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016
Assertion Not checkable as stated
Qwil serves thousands of contractors across tens of paying platforms
“We're in the thousands on contractors. And we work with tens, not quite hundreds, but of companies and platforms that are sort of paying out these independent contractors.”
Johnny Reinsch Dec 11, 2016 ▶ 14:09 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016 positive
Assertion Not checkable as stated
Qwil generated low seven-figure transaction volume in its first year
“I would say transaction volume is in low seven figures for the first year. That's a little misleading cause we haven't been live for that whole year. So that's actually transaction volume over the course of a few months.”
Johnny Reinsch Dec 11, 2016 ▶ 4:26 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016 positive
Assertion Not checkable as stated
Qwil claims a zero percent default rate on freelancer payment advances
“Currently zero.”
Johnny Reinsch Dec 11, 2016 ▶ 10:32 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
Dec 11, 2016 bullish
Prediction Not checkable as stated
Qwil predicts eight-figure transaction volume by the end of 2016
“We should be pushing you know, eight figures, I would imagine.”
Johnny Reinsch Dec 11, 2016 ▶ 7:21 EP 505: Qwil.co Pre-Pays Contractors/Freelancers $10M in 2016 with CEO Johnny Reinsch
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