![Miami Based Fintech did $70m in 2023 Revenue - What about Gross Margin? - podcast episode cover](https://static.libsyn.com/p/assets/a/9/2/c/a92c13a488d25883e5bbc093207a2619/Master_Template.png)
Episode description
CEO Alex Shvarts shared a default rate of 15%, charge off rate of 6.8%, along with significant expenses related to acquisition costs, and interest expenses. The firm is targeting $300m in capital deployed in 2024. If it hits its target, does this FinTech SMB factoring company have enough margin to survive long term?