Answered produced feed
D 5 · C 5 · P 4 · Cm 4 4.60
Q Okay. So about 20 US dollars on average per month, something like that. Okay. Interesting. So 20 dollars per month. And then I guess now that we sort of understand pricing, what the product is, put this all on a timeline for me. When did you write the first line of code for the platform?
A Um, so we started in 2018 and we started two workflows in parallel. Um, one is writing our MVP, but at the same time getting approval with our regulator in the UK FCA, because it's such a new product and nobody has done it before. We actually went through that sandbox pro program. So we were working directly with the regulator to figure out what would be the right regulatory framework for us. Um, then we launched, um, Uh, closed pizza for our product in beginning of Southern 19. So we had a hundred people, um, to test whether it works or not. Um, then closed our first institutional rounds in the end of Southern 19 and started scaling up in the beginning of 2020.
AI assessment note: “we started in 2018 and we started two workflows in parallel”
Answered produced feed
D 5 · C 5 · P 4 · Cm 4 4.60
Q eight percent, but it's floating against sofa. Right. And so if it's floating, you have no idea what you're, you're not in control of your yield moving forward. So like, it's very interesting to me, you're going to this right now. I mean, how are you thinking about locking down that warehouse facility? Would you prefer a fixed rate that's higher? Or one that's variable, but lower to start with?
A Um, I would say a couple of things to keep in mind. One is I prefer fixed. Um, again, it's a little bit easy because we pay fixed, um, subscription to all customers and we pay fixed interest. So it's actually quite good natural hedge in a way because we do not have any floating rates. But second one, we can always play around with the compensation of our portfolio because we have a range of products depending on the limits and depending on the services. And one thing we have a control on in case, let's say certain amounts, certain levels of lending becoming quite expensive, we can always rebalance our portfolio. Potentially, it means we will leave some of the customers on the table, but at the same time, we have pretty good flexibility on managing our capital structure.
AI assessment note: “One is I prefer fixed. Um, again, it's a little bit easy because”
