Bank transaction underwriting is accelerating Parafin's growth as cashflow signals beat personal credit scores. AI can now read raw SMB bank transactions, and together with our data scale and proprietary models turn it into real lending outcomes. The result is >100% YoY growth.

IN NEWS: @GustoHQ unveils new cash flow tools at its live Showcase in San Francisco to help small businesses make payroll on time. “When I speak with small businesses, the hardest moments are when they cannot make payroll. It is not that they do not make enough money. It is all about cash flow. When money comes in and when money goes out.” –@tomerlondon (Co-Founder and CPO, Gusto): Gusto is launching features to help teams make payroll on time and smooth timing gaps between expenses and receivables.

$HOOD has NEVER traded at a higher market cap than $COIN ...until the last week I've long said that is easier for Robinhood to become Coinbase than viceversa and this may be the flippening as Robinhood goes tokenization and Coinbase goes stocks @vladtenev vs @brian_armstrong

I asked @llihas why most traditional banks don’t lend money to small businesses: “The biggest problem in small business credit in the US is it’s mostly consumer products masquerading as small business products. Banks and credit cards rely on personal credit scores and require personal collateral, even if someone is borrowing for business purposes. Meanwhile, if you look at the business performance, there’s many reasons you should extend credit to them. This tends to deter women and minority owned, or newer businesses like Etsy or Amazon merchants. Banks have archaic means and methods for doing this. And we @ParafinHQ think it can be reinvented.”

Today, I signed an additional package of PermitSF into law. To allow our neighborhoods and downtown to thrive, the City needs to get out of the way of business owners by making the permitting process simple and transparent. Here is what this package does: ➡️ Eliminates the need for small business owners to acquire permits and pay the City to paint the name of their business on their façade or put up a small sign in their window. ➡️ Amends the exemptions on requirements for ground-floor uses to have at least 60% of the windows and doorways transparent, allowing visibility into the building. ➡️ Expands the range of allowable uses on the ground and second floors. ➡️ Allows offices on the ground floor through 2030. ➡️ Eliminates the Department of Public Health requirement to review and issue permits for laundry facilities and veterinary hospitals. This legislation also reduces fees for certified farmers’ market permits. Our administration is creating the conditions for San Francisco’s recovery, and with the latest package, we’re cutting red tape, driving downtown recovery, and spreading the word that San Francisco is open for business.

What if your fav barbershop or local restaurant was funded by your food delivery app? Not by it. But through it. Sahill Poddar built Parafin to give small businesses the credit banks wouldn't—using DoorDash, Amazon, etc. as the new underwriting system. @llihas

While searching for additional Higgs bosons, the @CMSExperiment may have instead uncovered evidence for the smallest composite particle yet observed in nature – a “quasi-bound” hadron commonly called toponium. cerncourier.com/a/cms-observ…

A lot of uninformed dunking in my feed from the $DASH and $KLAR deal due to a lack of understanding of how BNPL/Pay-in-4 benchmarks against credit cards. For the consumer segments that do not get credit card rewards, Pay-in-4 is a superior product since there is no compounding interest - a win on all fronts.