Cherry

Deal Summary

5


Deals Funded

$1,500,000


Total Issued

$13,101


Interest Paid

12.87%


Wtd. Avg. APY

250


Wtd. Avg. Term

$500,000


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

Sector: Consumer Loans

HQ: San Francisco, CA

Key People: Felix Steinmeyer (Founder & CEO)

SURVEILLANCE REPORTS

SOCIAL MEDIA

Originator Data

Cherry: APYs over time

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%

6/5/2020

Medium Term Installment Lending 15-B

$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%

Links to Ethereum contract for each deal

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