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Re:Launch HN: Pier (YC W23) – Stripe for Credit by callalex on Wednesday October 18, 2023 @02:18PM (#37932554)
How are you going to handle delinquency and collections? I was under the impression that most vendors like having a third party (Klarna comes to mind) handle credit so that when things go bad, ACME doesn’t take the brand hit for associating with the shitty scumbags in the collection industry.
Re:Launch HN: Pier (YC W23) – Stripe for Credit by jess-zhang on Wednesday October 18, 2023 @03:14PM (#37933360)
We don't do collection. Our customers own the loan receivables and they have the option to decide how they want to handle collections. there's a lot of flexibility and options here, depending on their business model and incentives.