Nelson Chu, CEO of Percent, discusses how the fintech platform has deployed over $1 billion in capital by connecting borrowers with investors for asset-based lending and private credit. The company has grown as traditional banking tightens and credit cycles shift.
Today we're joined by Nelson Chu of Percent. Nelson, thanks for coming on. Thanks for having me. It's going to be fun. It'll be great. So those that aren't familiar with Nelson, he is the CEO of Percent, percent like the symbol, and pretty cool. They're doing— they're building a platform for borrowers and investors to invest in asset-based lending or private credit and has been scaling quite a bit. So you guys have placed, I think it's over $1 billion in capital through your platform, which is a nice big number. And especially right now, it's a really interesting time to be looking at credit, right, as we're kind of entering into maybe a down cycle, maybe a credit tightening. We're already seeing that pretty aggressively in kind of the banking world. Private credit plays a very integral role in continuing to finance and capitalize businesses through all credit cycles. So, Nelson, thanks so much for joining us. Give us a little bit of your background and kind of how you started this company and, and kind of how you guys got to where you are today.
