Debt-as-a-service provider Sivo wants to power the next generation of lending startups

Debt-as-a-service provider Sivo wants to power the next generation of lending startups

3 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/11/11/sivo-debt-as-a-service/

A startup called Sivo wants to do for debt what Stripe did for payments: Make it as easy to access a debt facility as plugging into an API. And just as Stripe helped unlock a slew of new businesses thanks to the ease with which they could embed payments into their apps and services, Sivo wants to power a new generation of lending offerings.

Early returns have been positive: In just about three months since launch, Sivo has received about $4 billion in demand and actually signed $1.5 billion in term sheets from originators who wish to leverage its debt-as-a-service offering. And, according to founder and CEO Kate Hiscox, the company is in the process of onboarding 600 originators who are hoping to tap into its programmatic debt lines.

Debt-as-a-service provider Sivo wants to power the next generation of lending startups

Nov 11, 2021, 3:30pm UTC
https://techcrunch.com/2021/11/11/sivo-debt-as-a-service/ > A startup called Sivo wants to do for debt what Stripe did for payments: Make it as easy to access a debt facility as plugging into an API. And just as Stripe helped unlock a slew of new businesses thanks to the ease with which they could embed payments into their apps and services, Sivo wants to power a new generation of lending offerings. > Early returns have been positive: In just about three months since launch, Sivo has received about $4 billion in demand and actually signed $1.5 billion in term sheets from originators who wish to leverage its debt-as-a-service offering. And, according to founder and CEO Kate Hiscox, the company is in the process of onboarding 600 originators who are hoping to tap into its programmatic debt lines.