COMPANY KICKOFF BACK BY NBA
STAR STEPH
CURRY OFFICIALLY MAKING ITS
LAUNCH ON WEDNESDAY, THE
STARTUP WHICH IS DOES IT AND
HOW MILLENNIAL AND GEN Z
USERS BILL CREDIT MADE ITS
DEBUT WITH A FRESH 42 MILLION
DOLLARS IN FUNDING CHRIS
STOPPED ON THE CTO AND
CO-FOUNDER KICKOFF JOINING
ME NOW AND CHRIS STOPPING SO
MUCH CONGRATULATIONS DOES NOT
GET MUCH BIGGER THAN A STEPH
CURRY ENDORSEMENT TALK TO ME
MORE ABOUT WHAT YOUR COMPANY IS
TRYING TO DO.
>> AND THANKS FOR HAVING IN
AMERICA ROUGHLY ONE IN 3 THINGS
OR
NO CREDIT. AND RELATIVE TO
SOMEONE WHO HAS HIGH CREDIT THE
COST OF BORROWING A REAL LIFE
TOO AND I WOULD BE ABOUT
$200,000 S PREPANDEMIC ABOUT
YOU KNOW THE VALUE OF
A HOUSE. SO ONCE
IN THE PITCH HIS IDEA TO WE
REALIZE WE BOTH HAD LIVED
EXPERIENCE NOT HAVING
TRADITIONAL SUPPORT GOING TO
THE SYSTEM SO WE TEAMED UP TO
HELP PEOPLE START OR IMPROVE
THEIR CREDIT DEPENDING ON WHERE
THEY ARE.
>> NOW HOW DO YOU GET STEPH
CURRY ON BOARD.
>> THAT'S A GREAT
YOU WE LET THAT SOME OF HIS
PREVIOUS INVESTMENTS AND HIS
MISSION JUST ALIGNS WITH US IN
TERMS OF YOU KNOW BEING
EDUCATION FOCUS SNEEZING TECH
ALL G TO HELP PEOPLE AND
TSUNAMI STATUS SO WE'RE REALLY
EXCITED TO HAVE SOMEONE A
SUPERSTAR LIKE ALIGNED WITH US.
>> IT WAS HIS PERSONAL
INVESTMENT.
>> SO THIS INVESTMENT WAS
ACTION DONE
THROUGH HIS FUND HAS SEEN AND I
DON'T HAVE THE DETAILS RIGHT IT
WOULD BE I WOULD SAY THE
SITUATION LIKE THIS.
>> AND WE'VE SEEN OTHER BIG
INVESTORS IN YOUR COMPANY
LIGHTSPEED WHICH IN FULL
DISCLOSURE WAS AN EARLY
INVESTOR IN CHEDDAR AS WELL THE
WEST CEO MELISSA SMITH, THE
FORMER CFO OF THE U.S. TREASURY
DEPARTMENT, THERESA RESELL AS
WELL AS STEPH CURRY SO YOU
REALLY I KIND OF PACT OF THE
MARKET HERE IN 2 BECAUSE OF
SOME OF THE BIGGEST NAMES OUT
THERE THAT YOU COULD GET TO
SUPPORT IT. HOW ARE YOU
PLANNING TO ADVANCE THIS MOVE
THE COMPANY FORWARD.
>> SO IT'S KIND OF WE STARTED
THIS COMPANY IN LATE
2019. AND SO WE'RE WORKING IN A
SMALL WINDOWLESS OFFICES LIKE A
LITTLE OVER A 100 SQUARE FEET
FOR 3 OR
4 PEOPLE. AND ON MARCH FIRST OF
2020 WE FINALLY UPGRADED TO
THIS
WINDOW OFFICE. AND THEN THE
PANDEMIC HAPPENED SHORTLY AFTER
YOU KNOW TEAM HAS BEEN GROWING
SINCE SIGNED
AND OUR GOAL IS TO INVEST MORE
IN BEING THE SPACE AND
ACCELERATING AND TEAM WE'RE
GOING
TO GO FROM ABOUT 15 FULL-TIME
TO BY YEAR
AND SO FOCUSING ON BUILDERS AND
HELPING MOVE THIS PROJECT
FORWARD.
>> SO CHRIS DODD OUT QUICKLY AT
TALK ME THROUGH HOW THIS WORKS
SOMEONE WANTS TO BUILD THEIR
CREDIT THEY COME TO YOU WHAT DO
THEY NEED TO GIVE YOU ONE OF
THE INPUTS THAT THEY GIVE AND
HOW DO YOU MAKE IT HAPPEN.
>> SO WE USE BANK LEVEL
ENCRYPTION
AND SECURITY. THEY GIVE US
THEIR INFORMATION AND AFTER WE
CAN VERIFY THEIR WE GIVE THEM A
$500 LINEUP CREDIT TO USE IN
OUR STORE AND THE IMPORTANT
THING IS THAT THERE ARE NO NO
INTEREST ON THIS
AND REALLY THIS HELPS PEOPLE
BUILD CREDIT AND 3 DIFFERENT
WAYS ONE IS INCREASE THEIR
PAYMENT HISTORY. AND IN
DECREASES YOUR CREDIT
UTILIZATION AND THE AVERAGE AGE
OF THEIR ACCOUNTS GOES UP OVER
TIME AND FINALLY INTO ANOTHER
BIG THING IN THE MURDER
ACTUALLY INTEGRATED HERE AS SO
WE TELL PEOPLE THEY CAN EXPECT
THIS INFORMATION TO GO ON THEIR
FILE AND MAYBE 30 DAYS. THE
REALITY
I'M BRIDGE YOU WAIT 2 WEEKS AND
IF YOU SIGNED UP YESTERDAY WE
WOULD HAVE FURNISHED YOU AND
THEN A FEW DAYS LATER, YOU
MIGHT HAVE SEEN AN UNDERCOUNT.
>> ALL RIGHT CHRIS STUFF WE'VE
GOT TO LEAVE IT THERE.
CONGRATULATIONS. I HOPE YOU'LL
COME BACK AS I LIK