Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
The YC-backed startup is pursuing a dual strategy: embedding financial services for mom-and-pop shops while also offering its fintech infrastructure to other businesses.
The online grocer recently secured $10m from the European Bank for Reconstruction and Development to fuel its expansion into financial services and new cities.
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
