Tagged: credit

TotallyMoney Milestone: Signs Up Three Million Customers in Less Than Three Years

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Wednesday it has signed up its three millionth customer since its launch in 2017. This news comes just a… Read More

Interest-Free Buy Now, Pay Later Platform Laybuy Partners UK’s WHSmith to Offer Convenient Payment Plans

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

SoFi Joins Forces With Mastercard to Offer Suite of Products & In-Person Experiences to Nearly One Million Members

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More

Fintech: How Real-Time Financial Data Can Help Small Businesses in a Crisis

On October 19, 2019, Chile’s capital city of Santiago was in flames. What started as a student movement to evade subway fares has since launched into a widespread movement against socioeconomic inequality that has swept, and in some cases paralyzed, the country for well over… Read More

Monzo Now Reporting to Experian

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your… Read More

Democrats on House Financial Services Committee Forward Letter to GAO Inquiring About Alternative Data and Access to Credit

Democrat members of the House Financial Services Committee have sent a letter to the Government Accountability Office (GAO) inquiring about the usage of alternative data by lenders and credit agencies. Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee, Congressman Al Green (D-TX), Chair of the… Read More

Curve Appoints New Day Founder Paul Harrald to Head Up New Credit Business

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Friday it has appointed Paul Harrald, a founding member of SAV Credit, now New Day, to lead the new Curve Credit Business. According to Curve,… Read More

Chase Announces New Contactless Visa Credit Cards

Just a few months after announcing its contactless debit card access to 15,000 ATMs nationwide, financial services giant Chase announced the launch of its new contactless Visa credit cards. The company reported that starting at the end of this year, customers will receive new contactless… Read More

N26 Launches New Flexible Business Accounts for Freelancers “N26 Business Black”

N26

German digital bank N26 announced last week the launch of its new flexible business accounts for freelancers called N26 Business Black. According to N26, the N26 Business Black comes complete with comprehensive trip insurance from Allianz and users may travel worry-free with foreign medical cover based on… Read More

OnDeck Announces $100 Million Revolving Credit Facility Closing

Online lending platform for small business OnDeck announced last week the closing of a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a life insurance company managed by 20 Gates Management. According to OnDeck, the new facility provides the longest revolving funding… Read More

Nova Credit Teams Up with TransUnion to Serve Canada’s Creditworthy Newcomers: Applies Foreign Credit Score to New Home

Nova Credit, based in San Francisco and backed by Index Ventures, First Round Capital, NYCA and Core Innovation Capital, has partnered with Transunion to serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history…. Read More

Elevate’s RISE Product Now Offering Lines of Credit in Tennessee

Elevate Credit, Inc., a tech-enabled provider of online credit solutions for non-prime consumers, announced on Wednesday its RISE product is now offering lines of credit in the state of Tennessee. This news comes just after the product’s successful line of credit launch in Kansas and it makes Tennessee the 17th state that… Read More

CircleUp Rolls Out New Credit Advisors Affiliate

CircleUp, an investment crowdfunding platform that targets early stage consumer product companies, announced on Wednesday the roll out of its new credit advisors affiliate. The platform revealed that through CircleUp Credit Advisors approved companies may receive revolving lines of credit that are backed by their… Read More

Data Science & Mobile: Looking Through the Lens of Mobile Financial Services the Results are Transformational

Pretty much everyone has a smartphone these days. Either iOS or Android, we carrying our mini-computers with us everywhere, purchasing, reading, socializing, working and more. All day long. The data potentially captured by a smartphone is profound. There are many products and services that stand… Read More

Equifax Canada Announces Risk Reveal to Help Empower Businesses Achieve Better Credit Decisions Faster

Equifax Canada announced last week the launch of its Risk Reveal, which is said to help businesses achieve better credit decisions at a faster rate. The fintech company stated that by combining the depth of two credit databases into one solution, the new feature would… Read More

Elevate Announces Two Customer Financial Progression Milestones

Elevate, a provider of innovative online credit solutions for non-prime consumers, announced on Wednesday it has achieved two major customer financial progression milestones.  According to Elevate, over 55,000 customers using its RISE product have improved their credit scores and more than 20,000 RISE customers are… Read More

PwC Studies German Risk Management, Utilizes Auxmoney to Determine Private Lending Market Potential

Credit marketplaces such as auxmoney ensure that up to 4.3 million more people get access to credit, as would be the case via conventional lenders like banks, according to a recent PricewaterhouseCoopers study. PwC investigated the effects of new forms of risk assessment with its complementary, digital… Read More

Fintech BlueVine Now Offering Flex Credit to Small Businesses; Appoints Google Capital’s Ana Sirbu as Vice President of Finance and Strategy

BlueVine, an online provider of working capital financing to small businesses, announced on Thursday it was now offering “flex credit” for companies to obtain a revolving business line of credit. According to BlueVine, flex credit offers companies a business line of credit between $5,000 and $30,000 with simple, transparent… Read More

Avant-Acquired ReadyforZero Announces New Free Credit Monitoring For Personal Financing Tools

ReadyforZero, a company that was acquired by marketplace lender Avant, announced on Monday that that free credit monitoring is now available to all users with personal financial tools. With this new feature, users can manage both their personal debt and credit from a single web and… Read More

Brief: RCS Capital Forms Agreement With Lenders to Covenant Modifications

RCS Capital Corporation (NYSE:  RCAP) (“RCS Capital”) announced on Tuesday that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications. Michael Weil, Chief Executive Officer of RCS Capital, commented: “We… Read More

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