As we revert back to the mean from an unprecedented fundraising environment and recover from the whiplash of going from frothy markets with inflated multiples to frozen IPOs and increased rates, there’s a lot to consider in the world of fundraising.

The first step is realizing that the post-pandemic fundraising environment that inflated returns and involved little to no due diligence isn’t coming back. This 'new normal' is a regression back to what fundraising has been for years—a return to the basics of raising venture capital. So, what does it take to re-adapt?

May 2, 2022

Our webinar last week highlighted the first of a few underwriters who are gearing up to join the platform when we officially launch the Underwriter portal to the public in a few weeks time. This is a watershed moment for our company, one where our ability to live up to the hype and realize our vision of becoming an infrastructure provider is realized for the very first time. We're incredibly fortunate to have the likes of underwriters like [ ] and several others in our pipeline who have the skillset, the network, and the desire to seek out innovation in an industry that's as archaic as they come.

Today we have interviewed an amazing startup called Percent, which has revolutionized the private credit marketplace with its cutting-edge technology.

Founded in 2018, Percent is streamlining how investments and loans are managed in the private credit sector. Their platform brings the efficiency of public markets to the previously traditional and manual private credit market.

Percent simplifies the entire process of private credit transactions, from sourcing and structuring to syndication, surveillance, and servicing. This comprehensive approach has quickly positioned Percent as a leader in the field of asset-backed and corporate lending.

Already, their platform has powered nearly $2 billion in transactions, making significant inroads into the multi-trillion-dollar industry of private credit.

Stay with us to learn more about how Percent is transforming the way investors, borrowers, and underwriters operate, making transactions quicker and more cost-effective.

Let's Hear from them directly.

April 25, 2022

Coming off of a quarter where we only had [ ] new borrower join the platform and just [ ] onboard in the past two quarters, we made it a priority in April to push new borrowers forward. As a result of that, in April alone we've already launched [ ], are slated to launch another before the end of the week, and are in the final stages of discussions for another that is navigating some final legal hurdles as a result of having a co-underwriter.

April 18, 2022

As we cross the middle of the month, we are tracking well on the objectives we laid out in the all-hands. One of the big focuses this month was on getting Underwriter out the door and ready for prime time in May for third party underwriters to use for the very first time. Credit to the Product and Engineering teams for going heads down and reprioritizing what needs to get done to help hit this target, especially given how many dependencies were tied to getting this out the door.

In the past few years, we’ve seen a venture market like no other. A short-term blip of capital constraints and a new normal of working remotely for startups during a global pandemic gave way to a market of fundraising excess, the likes of which we have never seen before. Disrupting the norm, this was a time when money was cheap and multiples were high—it seemed like there was no limit to the rising valuations. In fact, according to Statista, the value of venture capital funds raised in the U.S. rose from $89.4 billion in 2020 to over $155 million in 2021.

April 11, 2022

One of the core values of our company is to be transparent with all of you around not just positive and developmental feedback for you individually but also how we are doing as a company. More than just doing an all-hands, my job and the management team's job is to hold ourselves accountable how we are tracking towards our objectives for the year and for you to know how we're progressing. To that end, we are re-tooling our weekly standups to be extremely tactical, focused on the major objectives for the year (e.g. revenue targets) and critical objectives for the month that unlock our other objectives for the rest of the year.

April 4, 2022

Coming out of our all-hands on Friday, our objectives for the next month leading into the rest of the year are more clear than ever. I encourage all of you to look at these 2022 Strategic Initiatives in detail, either in PDF form or on Monday. Above all else, what's important to highlight is just how important each and every one of you are in bringing these objectives to life.

March 28, 2022

As we wrap up Q1, our objectives for the rest of the year are becoming all the more clear. Many of these initiatives are ones that span across teams and everyone will have to work together to execute these to perfection. A high level overview is below and I will be outlining them in much more detail in our all-hands on Friday this week.

March 21, 2022

We are being measured against our revenue for this year and our ability to hit the targets we’ve set for ourselves across our recurring revenue and our transaction revenue. On our path to $[ ]M+ in revenue, around half of that will come from our broker dealer’s transaction revenue, where we will be delivering on our promise of seeing our borrowers through their entire capital markets life, all the way through to when they hit the institutional markets.

In this latest podcast, “How to Fund Your FinTech Loan Book with Nelson Chu”, Darren Franks chats with Nelson Chu, Founder and CEO at Percent.

Welcome back to Talking Success, one of the Best FinTech podcasts globally! Nelson provides valuable insights into the role of private credit in emerging markets and its potential to drive FinTech innovation and economic development. As technology continues to reshape the financial landscape, private credit investment offers new opportunities for businesses and investors to unlock growth and prosperity in emerging markets.

Lex chats with Nelson Chu, founder and CEO of Percent - the modern credit marketplace. Nelson kicks off the discussion by walking through his inspiration for building the private credit marketplace and the challenges of operating in the fintech industry. He explains that Percent aims to provide a better alternative investment platform for credit investors by offering shorter durations and lower minimum investments. Nelson also discusses the importance of infrastructure in the private credit market and the need for technology to streamline processes.

March 14, 2022

As we grow out from our identity as a Series A company, there is an ideological shift from just finding product market fit to understanding how to develop and adjust the growth levers of our business to reach scale.

March 7, 2022

As you heard in the all-hands on Friday, we've had tremendously positive feedback from VCs about our team, our vision, and everything we've built so far. The only pushback we've gotten has been around revenues, even though we've been limited by what we can do as the only underwriter on the platform to date. The past few years have spent experimenting, finding product market fit, and validating our vision with underwriters, investors, and borrowers alike, getting us to where we are today and building a fantastic foundation for our vision. The next few years have to be about how we turn that vision into a reality.

February 28, 2022

We've had a lot of questions in the past around what the IP we acquired is and how it actually fits into our broader vision. Thanks to the tremendous efforts of our engineering team, we were able to do our first demo of the platform with a VC who also has a credit fund and they came away incredibly impressed. The technology has the ability to essentially provide real-time surveillance on underlying small business borrowers, breaking down their receivables, payables, inventory, machinery, etc., graphed out over time with the ability to flag any anomalies along the way.