Hacker News Reader

This is essentially a payday loan for app developers, fairly low risk since they can see clear sayed numbers from itunes/google play. Smart Idea.

View on HN

Thank you! :)

Aprenita is exclusively focused on providing growth capital loans for mobile app businesses. We have developed an innovative, algorithmic rating system that analyzes app store and analytics data in real-time, enabling us to make instant lending decisions based on the information that truly matters. We like to think of ourselves as Capital-as-a-Service for the mobile ecosystem.

Or µVC. No exchange of equity, just debt. Actual debt.

yes, it is a term loan: we extend a loan to our clients, and they repay it in equal installments over a set period of time (the “term”). However, mobile app developers operate at a more accelerated pace than a traditional brick-and-mortar business, which means that the terms of our loans tend to be shorter and the interest rates are more forgiving than a traditional term loan.

Reply on news.ycombinator.com