Cherry

Deal Summary

1


Deals Funded

$325,000


Total Issued

-


Interest Paid

14.00%


Wtd. Avg. APY

180


Wtd. Avg. Duration

$325,000


Avg. Deal Size

About Cherry

Founded in 2019, Cherry is a California-based provider of point-of-sale financing. The company’s financial solution and associated technology tool is tailored to the needs of small and medium-sized businesses. Cherry originates consumer loans through their growing community of merchant partners and focuses mostly on businesses that provide physical products or services offline, mitigating the risk of fraud. Cherry’s technology allows merchants to offer customers promotional financing options and capture larger ticket size sales with higher conversion rates. Customers value the ability to break down expenses into equal monthly installments, as well as the seamless non-intrusive onboarding process.


COMPANY FACTS

Founded: 2019

Industry: Consumer Loans

HQ: San Francisco, CA

Key People: Felix Steinmeyer (Founder & CEO)

SURVEILLANCE REPORTS

SOCIAL MEDIA

Past Deals

  • deal history

Close Date

Name

Deal Size

Duration (days)

APY

5/5/2020

Medium Term Installment Lending 15-A () 

$325k

180

14.00%

Links to Ethereum contract for each deal

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