[HN Gopher] Finley (YC W21) is hiring to reimagine business cred...
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       Finley (YC W21) is hiring to reimagine business credit (US remote)
        
       Imagine running a retail business without knowing how much you're
       paying your wholesaler for goods. Or running a restaurant without
       looking at the price of your ingredients. Or constructing homes
       without looking at the price of raw materials... you get the idea.
       That lack of transparency would be frightening, but hey, things
       could still work out, right?  Well, let's up the difficulty.
       Imagine that, on top of not knowing exactly how much you were
       paying for your inputs, you also didn't know if you would have
       consistent and continued access to your wholesaler, your food
       supplier, or your building materials. That would almost certainly
       induce high blood pressure, stomach ulcers, and mild insomnia.  In
       the world of private credit (this is basically business credit for
       the majority of companies), it's not only normal but expected that
       getting and maintaining access to debt capital (one of the key
       inputs for running any business!) will be opaque, error-prone, and
       hard to operationalize. In other words, capital uncertainty is the
       dismal reality in middle-market finance.  Private credit is
       enormous (add up all the VC dollars spent last year and you'd still
       be short of the amount of private credit issued over the same
       period), unavoidable, and broken.  That means credit access--the
       fuel or primary financial input for most medium-sized businesses--
       is hard to price, access, report on, and predict.  And yet it
       doesn't have to be that way; the data and operational issues of
       private credit have been solved in other domains (e.g., CRMs for
       Sales, infrastructure tooling for devs, EMRs for hospitals). What's
       missing is a software layer for business finance.  Finley has built
       the system of record for private credit. We plug into all borrower
       source systems and automate reporting and analysis for private
       credit lenders. The result is full transparency into the cost and
       availability of capital, which gives businesses newfound financial
       predictability.  We're a team of builders, designers, finance
       experts, engineers, and systems thinkers from top companies in
       finance and technology, and we're backed by leading investors like
       Y Combinator, CRV, and Bain Capital Ventures.  We're 2.5 years into
       our journey, recently raised a $17 million Series A, and already
       managing over $3 billion in private credit.  It's still Day 1,
       though. The challenges we're taking on will reshape the economy
       over the next decades, and we'd love to partner with team members
       who share our passion for innovation and company-building.  To
       learn more, check out our Careers page here:
       https://www.finleycms.com/careers/
        
       Author : festinalente
       Score  : 1 points
       Date   : 2023-06-20 21:01 UTC (1 hours ago)
        
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       (page generated 2023-06-20 23:00 UTC)