Launch HN: Pier (YC W23) – Stripe for Credit

Re:Launch HN: Pier (YC W23) – Stripe for Credit by aketchum on Wednesday October 18, 2023 @01:39PM (#37932038)

so if it is one of your modules, does that mean that I can say "hey Pier, get me a lending license in NC" and they you handle everything and come back after however long and say "here is your NC lending license"? how do you handle states that require in state offices?

If you handle getting the licenses for the company that is super valuable

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Re:Launch HN: Pier (YC W23) – Stripe for Credit by jess-zhang on Wednesday October 18, 2023 @03:26PM (#37933533)

yup totally! we can do most of the heavy lifting there to get you the licenses. we automate a lot of this w templates & also given our prior experiences getting these licenses and building relationships w regulators, so we know how to be fast/efficient here.

for in-state offices, there are 3rd party agencies to work with to set those up. also recently, some states like NV have passed laws to remove this bottleneck.

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Re:Launch HN: Pier (YC W23) – Stripe for Credit by mbsai29 on Wednesday October 18, 2023 @07:35PM (#37936239)

not sure if I misunderstood this but do customers use Pier's license as a stand in for their own license? Because that wouldn't work right

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Re:Launch HN: Pier (YC W23) – Stripe for Credit by VinLucero on Thursday October 19, 2023 @12:57AM (#37938639)

It could work depending on how they structure the receivables (SPV, 72 hour agreement to buy) from the loan facility.

I am also curious on the official answer though!

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