Question 1

What is the interest rate people will pay to borrow?

Accepted Answer

Hi Brett. Great question! Booster Loan interest rates will be slightly above standard personal loan rates. The final number will be confirmed closer to product launch.

Question 2

How do you do underwriting of borrowers? I know of some companies that ask for bank account transaction information, or do you use credit scores like FICO or VantageScore? There's a large number of Gen-Z / millennials who might be interested in this but might not have a credit...

Accepted Answer

Hi Michael. Thanks for your question. Every Booster Loan is secured against the stocks purchased at point of sale. Therefore, there is no need for a FICO or VantageScore check. We understand the challenges Gen-Z/millennials face in today's world, and want to provide a product which doesn't require any unrealistic minimum deposits, application forms, or credit checks. Wolfpack has been specifically built from the ground up with beginners and inexperienced investors in mind.

Question 3

There is so much opportunity to help those who are new/unfamiliar to the stock market, and this is definitely unique. The "buy now, pay later" payment option has been described as predatory within the shopping category. How was that considered when building out the company's b...

Accepted Answer

Hi Dayna. I really appreciate your interest in Wolfpack. You raise two very good questions. Whilst our Booster Loans are a Buy-Now-Pay-Later for stocks, they certainly don't have the predatory aspects which you may find with other BNPL products. For starters, Wolfpack does not charge any late fees or penalties for late payments, and we don't extend the loan term duration. We set out a fixed 10-week repayment schedule up-front which outlines the obligations from both parties. If a customer, fo...

Question 4

I have always wondered by borrowing to make an investment has been tabboo but borring to spend on sneakers or a meal is ok. Best wishes for the raise!. Question - Are there any geo-location restrictions on potential users or can they be from anywhere in the world (given AML li...

Accepted Answer

Hi Dion Thanks for your kind words regarding Wolfpack. Booster Loans will initially be available to all US citizens who have onboarded to our outsourced broker dealer provider. However, our enterprise licensing will unlock opportunities for other partners who want to provide the service to their own existing customers.

Question 5

Suggestion re website - change the "Shop" hyperlink so it opens in a new tab and therefore a user does not 'lose' the original home page which is probably where the main business is.

Accepted Answer

Hi Dion. I appreciate the suggestion. I'll have my team look into it.

Wolfpack Financial Inc

Buy-Now-Pay-Later for stocks through our proprietary trading, lending, and education platform

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