Licensing is one of our modules. like other modules, our customers have a choice (think picking from a salad bar) of what they want based on their use case. for licensing, you can BYO, leverage Pier's licenses, or we can help you apply for licenses too.
Operating as a licensed lender would allow you to have higher APR thresholds. For example in IL, unlicensed caps at 9% (which is not always economical), while licensed allows you to lend at 36%
Operating as a licensed lender would allow you to have higher APR thresholds. For example in IL, unlicensed caps at 9% (which is not always economical), while licensed allows you to lend at 36%