Cherry

Deal Summary
9
Deals Funded
$2,318,000
Total Issued
$19,866
Interest Paid
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.
Cadence Content
COMPANY FACTS
Founded: 2019
Sector: Consumer Loans
HQ: San Francisco, CA
Key People: Felix Steinmeyer (Founder & CEO)
Website: withcherry.com/
SURVEILLANCE REPORTS
SOCIAL MEDIA
Originator Data
Cherry: APYs over time
Past Deals
Close Date | Name | Deal Size | Duration (days) | APY |
---|---|---|---|---|
5/5/2020 | $325K | 180 | 14.00% | |
6/5/2020 | $350K | 270 | 14.00% | |
7/5/2020 | Medium Term Installment Lending 15-C | $320K | 270 | 13.00% |
8/5/2020 | Medium Term Installment Lending 15-D | $265K | 270 | 11.50% |
9/5/2020 | Medium Term Installment Lending 15-E | $225K | 270 | 11.00% |
10/5/2020 | Medium Term Installment Lending 15-F | $199K | 270 | 10.50% |

Links to Ethereum contract for each deal
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