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Welcome back to broker fade 2022 so throughout the morning.

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We've been talking to different people in the industry.

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Here we have someone from velocity Capital. I'm gonna let you introduce yourself.

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And I'm gonna let you introduce yourself and also your

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title with velocity Capital. So who are you

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and what is your current title? Good morning Johnny. My

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name is Andre Moore and I'm with a velocity

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Capital as a director of retention. Awesome. So

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Andre, obviously, you're new to Velocity.

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What's been your experience so far at velocity

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and within the industry over so I

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came from bank and this is actually a new industry for

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me actually never really heard of the merchant cash events

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a space but you know

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coming into this space now coming to me

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and Jay phenomenal guy and the team and you know, the operation out

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of purpose of the industry. I think it's just a great opportunity for

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small and mid-sized businesses to grow, you know

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alternative to working in the bank alternative to

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the bank, you know, having an option for people who don't qualify whether

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it's a credit whether it's the business standing in history,

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you know, I think it's just a great opportunity for other people

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to get opportunities to access and

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So in the in the amount of time that you've been with velocity, I

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would assume that you've seen the change is going on.

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Not only in our economy, but also in the way business

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is done obviously things have changed from last year

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to this year within the next within the last couple of months. So

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what changes have you seen so far in

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your time at velocity Capital? Excellent to

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be honest. I mean, I think that just being able

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to get better terms for merchants. It's

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a very big appeal for us

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as a funder right now. I'm sure you know, Jay's a

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fairly new house in the space, but he's

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been in the industry for a long time. And you know, I think velocity has

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a lot of Promise. They're really grown fast and doing a lot

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of great things. So right now I think right now when it

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comes to the industry just being able to see how Merchants

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can get better options that are still moving

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to be closer to the the traditional terms

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for Lending closer to

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the longer terms 12 months or so closer to

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lower rates, you know, whatever we can do to bring them as

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close as they can to what traditional

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Terms were that they were used to because this is an alternative lending

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space. So, you know, it tends to be a little bit more Premium cost

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to the dollar but just being able to

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get better terms. I think is very important to Merchants. So

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in your title, it has retention which obviously means trying

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to grab people to stay, you know, trying to

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build the team up.

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For someone that's new in the industry. What advice

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would you have to someone else that is just coming

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into the industry that obviously was in your spot not

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that long ago or that it's currently in your spot looking to transition. What

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advice would you give to them? Excellent question?

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So as a retention director my goal is to just ensure

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that we can you know, Supply a good customer service to

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our Merchants while we have a position with them and try to

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see if we get enticed them to come back around for this second round

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of fun a lot of merchants require this Capital

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because they can't go to the traditional Banks. So being

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able to offer them something that makes sense. Every time

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is very critical for at least velocity. I think for the

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industry. So someone coming into the industry being able to just

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build a rapport with a merchant and and sure that you can actually

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keep them retain them for you know,

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the second third. The fourth time is very critical and

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just building that Rapport will help you get there. So, it's your

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first time here broker for a 2022. What are your

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expectations for today? Excellent just to be able to grab as

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much.

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Information I am newer to the industry Johnny. So

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it's more about me just learning as much as I can. But at

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the same time definitely want to network and you know meet as

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many people as I can because you know, I'm being a newer space company

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in the merchant cash advance velocity is

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looking to grow their Network and that's why

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I'm here to help, you know, just shake hands and meet as many

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people as we can and then I mean the industry,

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you know, we talked about earlier. It's changing, you know,

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there's a lot of different moving Parts. I know with philosophy you guys

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have newer technology making transactions go smoother. What

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are your expectations for the future?

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Excellent. So we have a lot of Technology technological

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programs that we're putting forth right

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now something for merchants to be able to manage their

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accounts online. We have something called the dragon drop

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that's a building out the online platform and make

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it more automated for merchants to have a seamless process and

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also just being able to you know grow and

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be able to offer our Merchants much better options

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higher funding caps better terms and

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just being able to you know, build out the Rapport and grow with

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the industry because it is still young. So thank

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you so much for your time. Appreciate it.

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And again have fun. Look just enjoy the

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experience because I see it's it's Unique and it's obviously

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it's your first time you're gonna want to enjoy everything that

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has to offer. Thank you so much.