Tagged: credit

StellarFi Announces Public Launch, Empowering Americans to Build Credit by Paying Bills

StellarFi, a public benefit corporation, recently announced its credit-building product is now “available to everyone.” With this news, 132 million Americans — who currently have poor credit or no credit, or are living paycheck to paycheck –– “may build their credit rating simply by paying… Read More

Fraud Prevention Firm SEON Announces Partnership with Provenir

With its innovative tech, Provenir provides an AI-powered decisioning platform that can “assess risk in areas like identity, credit, and fraud.” The company prides itself on working with established partners, such as SEON who are able to “provide groundbreaking technology that can be incorporated within… Read More

Tillful, Experian to Help Small Businesses Get the Credit they “Deserve”

Small business credit platform Tillful, backed by ING Ventures, Experian Ventures, Bitrock Capital, and Katalyst Ventures, announced that it’s partnering with Experian to help establish credit profiles for businesses that “are new to credit or otherwise credit invisible, and thereby potentially expand the range of… Read More

Nearly 1 Million UK Consumers Checked Credit Score in April, Lloyds Bank Reveals

The United Kingdom’s cost of living crisis is leading to a considerable increase in consumers checking their credit score. This, according to a recent update from Lloyds Bank. Elyn Corfield, Managing Director Consumer Finance at Lloyds Bank said: “Almost 1 million people checked their credit… Read More

Viola Credit Acquires $700M for its Alternative Lending Income Funds

Viola Credit, a global alternative credit asset manager providing customized credit solutions to technology companies and Fintech lenders, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II) “with $700 million of investable capital including its flagship fund and related… Read More

UK’s Optimus Cards Introduces Flexible, “Responsible” Credit Card Products

In a UK Credit Union “first,” Optimus Cards, the UK’s provider of white label card and banking solutions for traditional and new forms of currency, has introduces a flexible and “responsible” Credit Card product to Credit Unions at the Annual ABCUL conference. As mentioned in… Read More

Jack Henry and Array to Improve Consumers’ Financial Health

Jack Henry & Associates, Inc. (NASDAQ: JKHY) recently announced that Array’s credit management services, identity protection tools, and offers engine will be integrated into the Banno Digital PlatformTM, “offering consumers personalized credit and financial insights through their trusted financial institutions.” Array has leveraged the Banno… Read More

Credit Assessment Platform Uplinq and Ranqx to Accelerate Digital Lending to SMBs

Uplinq, the global credit assessment platform for small and medium sized business lenders, strengthens its global reach with Ranqx, a digital SMB loan origination, decisioning and monitoring platform “for lenders and banks.” With the help of Uplinq’s advanced technology, New Zealand based Ranqx will be… Read More

Berlin’s Fraugster Launches Alternative Credit Decisions Solution to Support BNPLs, Enterprise Merchants

Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

Ophelos Teams Up with Consumer Lending Fintech Plend for “Ethical” Debt Resolution

Ophelos, the technology firm building “fairer” debt resolution for businesses and their customers, announces it has partnered with Plend, an “ethical” consumer lender using Open Banking “to provide affordable loans to those struggling with access to credit.” Both pending B-corporations, Plend and Ophelos are closely… Read More

Experian to Acquire Majority Stake in MOVA, a Fintech Providing Credit Assessment Tech

Experian, the global information services company, is pleased to confirm that it has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A., a Fintech in Brazil that helps equip any company, including non-banks, “with the expertise and technology to perform data-driven credit assessments of… Read More

Worldline Teams Up with Fintech Algoan to Provide Credit Assessment Solution

Worldline [Euronext: WLN], an international leader in payment services, and Algoan, a credit scoring provider, have announced a collaboration agreement “to jointly develop a next-level credit assessment solution to help lenders and services providers make better credit decisions.” This service is based on APIs &… Read More

Decentralized Credit Protocol Masa Finance Raises $3.5 Million Pre-Seed Round

Masa Finance, described as a “first of its kind” credit protocol that “bridges the gap between CeFi and DeFi,” has raised a $3.5 million pre-seed round. The funding was backed by Unshackled Ventures, executives from GoldenTree Asset Management, Flori Ventures, GSR, Decentranet, Intersect VC, Lateral… Read More

Nova Credit Introduces Cash Flow Underwriting Solution, Allowing Companies to Lend Responsibly

Nova Credit, the Fintech unlocking opportunities for “mainstream” and credit excluded consumers and the companies looking to serve them, has launched its latest product, Cash Atlas – “a first-party cash flow underwriting solution that transforms bank transaction data into a Fair Credit Reporting Act (FCRA) consumer… Read More

UK’s Shawbrook Bank to Provide Lending Discount for Consumers Sharing Open Banking Data

UK-based specialist lender Shawbrook Bank is reportedly using Open Banking tech from ClearScore in order to determine the creditworthiness of potential clients and offering a discount on loans for those who decide to share their data. Via ClearScore, Shawbrook aims to begin integrating Open Banking… Read More

UK’s MarketFinance Explains How they Work with B2B Marketplaces to Provide Payment, Credit Options

When one of the most prominent firms, Andreessen Horowitz, proclaimed in January 2020 that “every company will be a fintech company”, it “spurred a big debate,” according to the team at UK’s MarketFinance. How much should software platforms “build their own solutions, versus embedding third… Read More

Egypt based Fintech Lucky, a Provider of Credit Products, Secures $25M via Series A

Lucky, Egypt’s app for credit products, offers and cashback rewards, announced its completion of a $25 million funding round. The investment round, which is Egypt’s largest Fintech Series A round, has been led by Nclude by Global Ventures – the new Fintech fund announced by… Read More

BNPL Fintech Zilch Reports Steady Growth, Reaches 2M Clients

London-headquartered Fintech firm Zilch reports steady growth, indicating that clients are responding to the company’s ongoing efforts to offer what CEO Philip Belamant describes as the “the democratization of free credit.” In November of last year, Zilch had been valued at around $2 billion only… Read More

Stilt Secures $114M, Introduces Onbo, a B2B Credit Infrastructure Solution

Stilt, the provider of financial services for immigrants, announced that it has secured $14 million via a Series A round that was led by Link Ventures, along with contributions from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com),… Read More

European Instant Credit Provider, Younited, Reports Solid Growth, Focused on Business Expansion

Younited, the instant credit provider in Europe, is focused on accelerating its growth trajectory after a “record” 2021 and expects to reach 5 billion euros cumulative GMV in 2022. As noted in an update shared with CI, Younited achieved solid growth last year, with an… Read More

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