Online lender for SMB e-commerce companies.
Andrew McCalister
CEO & Co-founder of Kickpay.com (not active anymore) that created technology to underwrite and provide loans to small businesses for inventory and marketing costs.
We built technology to plug into the borrowers warehouse to track inventory. This allowed us to get granular on product sales for underwriting and track inventory daily for repayment.
I was responsible for product (landing pages, user onboarding), operations (loan repayment, admin) and sales.
Raised ~$4M from YCombinator, Canaan Partners, Index Ventures, Foundation Capital
Lifetime loss rate of 2BP (loss rate for business loans of all sizes in the US is ~ 50BP)
Integrated to ~100 Warehouse Management Systems
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Posted Nov 14, 2024
CEO and co-founder of Silicon Valley startup that provided loans to SMBs. $4M raised from tier A VCs. Beat market loss rate by 25X.
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