ChargeAfter Hits Hundreds of Millions in GMV Run Rate
Medad Sharon · He's Processing $100m+ in GMV Run Rate Connecting Lenders like Affirm with Consumer Brands like Lenovo · May 23, 2022 · at 7:54
Medad Sharon, founder and CEO of ChargeAfter, clarifies the company's transaction volume metrics after Nathan Latka presses on GMV figures.
0:00 / 0:05exact quote · 6.0s
720p mp4 · rendered on demand · StarZero watermark
“It's not all times. It's not all times. It's the current volume, the current run rate that we have.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Medad Sharon
BNPL Network Take Rates Fall Far Below 3% to 5%
“No, it's certainly not three to five percent, right? ... It's much less, right? If you look on the payment space, right? When a merchant is typically paying in the U S somewhere between 1.6 to A critical transaction, right? This cost would include the issuing …”
Most BNPL Lenders Approve Only 30% of Applicants
“Each lender is also focusing on specific credit segment. It might be prime, near prime or subprime, which means that they will approve only 30% of the consumers, or in other words, decline 70% of the consumers.”
Affirm's US Credit Box Excludes Subprime and Revolving Lines
“Because a firm, as an example, they're a great lender. Really, they're a great company, but they have a very specific product to a very specific credit box in a, in, in, in, in the US, right? They don't cover other countries. They don't cover near prime or sub…”
Affirm Refuses to Partner with ChargeAfter's Lending Network
“And by the way, the firm is not working with us in Lenovo or elsewhere, but it's more about the ability to add more players that are believing in charge after vision and in charge after marketplace.”