All is not well at CheQ
A little birdie tells me that they have burned most of the $10M they raised. No wonder they wanted to charge a processing fee on the bill payments.
LayMan
Stealth
9 months ago
They have just done away with the processing fee now. But too late now. I for one will never again trust a fintech with such shady practices. Gave them a chance earlier but they acted too smart for my comfort.
MainHustler
Student
9 months ago
@LayMan What was shady? Charging a fee? Every platform charges for different things.
LayMan
Stealth
9 months ago
No, EVERY platform doesn't charge a fee for EVERYTHING.
Shady was the fact that they started off with zero fee, a few weeks later they started charging it, started devaluing their rewards, and have done away with the fee.
All within a few months, mind you.
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MainHustler
Student
9 months ago
I heard they're doing very well. They aren't even charging any fees now. Clearly don't need it.
LayMan
Stealth
9 months ago
Business 101
1. They have run out of money
2. Need to raise more money
3. Need to show investors high customer growth
4. Hence, did away with processing fee
MainHustler
Student
9 months ago
But my point is, if they burnt everything then they can't afford to stop a revenue line
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TMF
Stealth
9 months ago
Interesting..... Hiring seems to be at full swing at CheQ?
TMF
Stealth
9 months ago
You mean to say it's a bad idea to join the company? Cause I have an offer in hand right now and I'm already serving the notice period š„²
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MightyLazyGeekStar
Stealth
9 months ago
Is this the first banger of 2024?
What do you use cheq coins for ??
The current rewards or offers don't seem that lucrative to me
