Re:Launch HN: Finley (YC W21) – Debt capital monitoring and ...
by cpoz on Thursday March 18, 2021 @02:35PM
(#26505931)
With the democratization of capital through tech companies like Pipe and Stripe Capital, it's exciting to see enabling technologies like Finley's that will benefit the entire corporate lending ecosystem, including incumbents and new entrants.
Having worked with credit agreements before, they are several hundred pages long, so it's difficult for a human to read and extract information from a single credit agreement, let alone multiple. Companies can have multiple loans, each with their own credit agreement. On the other hand, lenders have to manage credit agreements across their entire portfolio.
Re:Launch HN: Finley (YC W21) – Debt capital monitoring and ...
by suhpreme on Thursday March 18, 2021 @06:03PM
(#26508026)
Well articulated! And exactly right. We hope to accelerate the democratization of capital access and think we're solving the key bottleneck to achieving that.
Having worked with credit agreements before, they are several hundred pages long, so it's difficult for a human to read and extract information from a single credit agreement, let alone multiple. Companies can have multiple loans, each with their own credit agreement. On the other hand, lenders have to manage credit agreements across their entire portfolio.