Where did online lender Payoff Inc. secure $250 million of debt financing?
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How can Payoff make a profit by lending people money to pay off their credit-card debt? What is the risk of this strategy?
Why do you think Payoff sees itself as more of a wealth-management firm than a lender?
How is Payoff attempting to differentiate itself from its competitors? Do you think this will work? Why or why not?