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No. of Recommendations: 4
You want the honest answer?
I am in the industry.
Its square capital. They have around a 2% loss rate on ~1bn in origination to its merchants. Average factor rate on an advance is like 1.32.
They are applying for a bank charter. If they get it, they are going to change the banking industry forever.
I am in square, my coworker got in at IPO.
Its easily one of the most exciting companies ive ever seen in recent memory. As they increase their processing merchants - their earnings will only go up and up because of square capital.
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