Making up for two quarters in one month

April 25, 2022

Coming off of a quarter where we only had [ ] new borrower join the platform and just [ ] onboard in the past two quarters, we made it a priority in April to push new borrowers forward. As a result of that, in April alone we've already launched [ ], are slated to launch another before the end of the week, and are in the final stages of discussions for another that is navigating some final legal hurdles as a result of having a co-underwriter.

This is exactly the type of initiative and pace that Series B investors will want to see, bringing more borrowers to market and demonstrating our value proposition for companies of all types who are seeking debt capital. We need to continue to push this pace, without sacrificing credit quality of course, but with the launch of the Underwriter portal imminent in May, we will have the help we need through co-underwriters to continue to expand our borrower base and increase the dollars outstanding we have on the platform. The Capital Markets and Credit teams deserve a lot of credit for revamping and reprioritizing other initiatives to ensure that we have the best chance to meet these objectives.

We wanted to get [ ] borrowers launched in April and it's looking like we're going to come close. We are in that top tier of companies - don't let off the gas, we need the same if not more in May with the help of our co-underwriters so let's keep on pushing 💪