As I was making last month's post about the progress we had seen with Nuula, I couldn't help but wonder if we would be able to keep up the rapid rate of (exponential) growth.

Well, we did ... by the end of December, the number of small businesses who had registered on Nuula had grown to over 16,000 and the Line of Credit waitlist had grown to just under 6,000. Encouragingly, CAC had fallen to below $30.

I think our thesis is playing out ... clearly a new generation of small business owners is hungry for a new generation of financial services.

In the coming weeks, complementing our "cash in the cloud" line of credit, we will be announcing larger longer term loans, a modern digital credit card, and a suite of insurance offerings ... all brought to the platform by a carefully curated ecosystem of partners.