Velocity changing their model

Looks like they finally changed things up for the better. I had posted about them before, was pretty sure they'd shut soon because their RBF+escrow model just didn't make sense as a business owner. You cannot justify taking money yourself first and then transferring to your client after deducting your charges. Cash flow is everything for a small business, becoming a gatekeeper is stupid when bank loans and even informal loans are an option. I even told this to their team upfront. Looks like they still have it but NACH option is good and rate of interest is almost at par with banks and nbfcs now (quoted 1% per month). Was checking out Kinara capital recently, they charge 24% annually which is double the cost. I hope velocity can turn things around with their lessons, and it's not too little too late. Let's see how it goes.