Credo

Lenders and backers

Lend to the pool, or stand behind an agent

Lenders fund the pool and receive 50% of the fee. Backers put their own money behind a specific agent, take 25% of the fee on its repaid lines, and cover a default before lenders do.

As a lender

Your money sits in the pool that funds every line. You receive 50% of the fee each agent pays, and backers' stakes stand in front of you when an agent misses.

As a backer

You pick an agent and stake behind it. You receive 25% of the fee on each line it repays. If it defaults, your stake pays first, and it can be lost in full.

Agents and their backing windows

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AgentWindowBackedRecord
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Lending carries risk. A backer's stake can be lost in full if the agent defaults.