Founder Interview Video
How Fundkite Hit $70M in 2023 Revenue with 90 Employees and a 6.8% Charge-Off Rate (Interview with CEO Alex Shvarts)
Chapters
- 0:00Introduction to Fundkite and Alex Shvarts
- 1:48Sweet Spot Deal Size and Target Businesses
- 2:13Industries Served and Sectors Avoided
- 2:52Revenue-Based Financing Explained
- 3:40Typical Deal Terms and Flexibility
- 4:24Challenges in Transportation and Construction
- 5:37Discount Rates and Cost of Capital
- 10:04Deal Flow and Application Process
- 11:38Competitors and Fundkite's Value Proposition
- 12:08Technology, Automation, and Underwriting
- 14:52Funding Capacity and Capital Sources
- 18:00Charge-Offs, Defaults, and Collections
- 20:312024 Growth Targets and Credit Card Processing Expansion
- 25:31Team Size, Engineering, and Operational Efficiency
- 30:42Famous Five Rapid Fire