Nelson Chu, founder and CEO of Percent, shared some insights about his company at Benzinga’s Fintech Deal Day. Percent has created a sound infrastructure software approach to alternative and private investing. For the past four years, they have primarily been concerned with underwriting as they geared up for a three-sided market option.
Chu reports that the company is now ready to provide more than underwriting and the company is excited to do so. The past year has presented a higher rate environment but even among higher rates, Percent has been successful with around a billion dollars worth of volume since the company’s inception.
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