Thursday, June 16, 2022 10:52:58 AM
They are an aggregator... meaning the people who need loans go to Helio and Helio shops those loan requests out to third party lenders. The lenders hold the notes... not Helio.
Helio has not had a LOC for a long time. From what we've been told they do not hold company assets in crypto.
With re loan defaults, it doesn't impact Helio because the end user and lender are the ones who ultimately completed the transaction and the lender is servicing the loan - not Helio.
Considering the above, it should lay to rest any questions about the company exposure to risk from the current crypto market.
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