Moving in the right direction

April 18, 2022

As we cross the middle of the month, we are tracking well on the objectives we laid out in the all-hands. One of the big focuses this month was on getting Underwriter out the door and ready for prime time in May for third party underwriters to use for the very first time. Credit to the Product and Engineering teams for going heads down and reprioritizing what needs to get done to help hit this target, especially given how many dependencies were tied to getting this out the door.

The Underwriter platform itself is moving along very well. The ability for third parties to be permissioned to have limited or specific functionality is already in testing. Our ability to give this access to underwriters who are paying us for surveillance goes hand in hand with this and we’re on track to release this in the next two weeks.

The Borrower platform has been making great strides towards getting the revamped qualification questionnaire and deal approval process ready in tandem as they work with underwriters to launch and close deals.

The Investor platform has perpetually been the big question mark as there is so much tied to the old system that needs to be unwound and moved into our new technology stack. The last piece is around user sign up/sign in and all investments and rollovers. Rigorous testing is being done on this right now and rightfully so as this impacts thousands of users on our platform and this will be the big one that needs to go out in order to have investments flow through properly in our new syndication process.

The Admin platform also needs to be adjusted as several team members continue to make manual investments and adjust deal statuses as needed. If the technology enabling investors to make investments needs to be enhanced, then so too does it need to be enhanced for ourselves as well.

As is the case with all technology and engineering tasks, it’s never as easy as just one thing as there are multiple dependencies associated with it, especially when we have 4 platforms that are so intertwined that all need to be meticulously thought through to ensure every functionality works exactly as planned. Still, even with the sheer number of features that need to go live for us to take the Underwriter platform public, we're making all the right moves.

We’re so close, let’s get these priorities to the finish line 🏁