StellarFi has raised $15 million in Series A funding following its $7.2 million Seed round in March 2022, bringing total funding to over $22 million. The funding was led by Acrew Capital with the participation of ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice… Read More
Read more in: Fintech | Tagged credit, lamine zarrad, stellarfi
Nubank (NYSE: NU) reveals that it has supported the financial inclusion of 5.7 million Brazilians in the credit card market in one year, according to a study released by Data Nubank – the company’s research and analysis platform on finances. The survey analyzed “the spending… Read More
Read more in: Fintech, Global | Tagged analysis, brazil, credit, credit card, data, data nubank, digital financial services, finances, financial data, financial inclusion, financial services, latam, latin america, livia chanes, nubank, personal finances, research, South America
SavvyMoney, a company powering innovative, credit score solutions, reports a steady year of growth. Over the past year, SavvyMoney claims it has “achieved several milestones reflective of the company’s success.” Signed over 250 new financial institutions, bringing the total to 1028+ Drove $3.8 billions loans… Read More
Read more in: Fintech | Tagged bcu, Business Expansion, credit, credit score solutions, credit scores, financial services, jb orecchia, mike valentine, progress report, savvymoney, update
At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More
Read more in: Fintech, Global | Tagged credit, credit cards, europe, hristo borisov, payhawk, spend management, startups, uk, united kingdom, united states, us
Yapily have agreed to a partnership with payments technology company Zilch that will provide millions of people “with better access to 0% interest swift repayment credit.” The partnership “marks the first time we’ve teamed up with a provider of consumer credit via Buy Now Pay… Read More
Read more in: Fintech, Global | Tagged credit, digital transactions, flexible payments, Payments Technology, philip belamant, repayments, stefano vaccino, yapily, zilch
Equifax (NYSE: EFX) is supporting financially inclusive lending with the availability of expanded U.S. mortgage credit reports. The company is reportedly “the first National Credit Reporting Agency (NCRA) to make certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry to provide a… Read More
Read more in: Fintech | Tagged andrew davidson, craig crabtree, credit, equifax, financial inclusion, lending, mark w. begor, mortgage credit, mortgages, united states, us
FinanZero, the online credit marketplace in Brazil, announces that it has reached 40 million loan applications made through its platform to date. FinanZero was “founded in São Paulo in 2016 by Swedish entrepreneurs Olle Widén and Kristian Jacobsson together with Swedish-Brazilian investment firm Webrock Ventures.”… Read More
Read more in: Global, Fintech | Tagged brazil, credit, financial services, finanzero, latam, latin america, loan applications, loans, milestone, online credit marketplace, sao paulo, South America
Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for small business lenders – announced “a $600,000 strategic investment from Cambrian Ventures (Cambrian), a venture capital firm focused on early-stage fintechs.” Cambrian is “led by former Andreessen Horowitz… Read More
Read more in: Canada, Fintech | Tagged cambrian, cambrian ventures, credit, credit assessment, credit scoring, investment round, rex salisbury, ron benegbi, small businesses, smb lenders, uplinq, uplinq financial technologies
LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey “assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management in consumer and small/mid-sized business (SMB) lending.” The report surveyed those who identify… Read More
Read more in: Fintech, Global | Tagged alternative credit data, consumer lending, credit, kevin king, lexisnexis, lexisnexis risk solutions, smb lending, survey
NewDay, a provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The new partnership will see NewDay “streamlining its payment process, operations and reporting.” NewDay has “close to five million customers in the UK and processes… Read More
Read more in: Fintech, Global | Tagged adel naamneh, antoine nougué, consumer credit, credit, debit card payments, europe, newday, payments, stephen payne, uk, united kingdom
SMBC has announced the launch in March 2023 of “Olive,” an all-in-one card “that combines a Sumitomo Mitsui Banking account, credit, debit, and point payments.” SMBC, or Sumitomo Mitsui Banking Corporation, is a global financial services firm based in Japan. SMBC has been active in… Read More
Read more in: Fintech, Asia | Tagged banking, credit, debit, point payments, smbc, sumitomo mitsui banking account, tokyo, tokyo fintech
Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among… Read More
Read more in: Fintech, Global | Tagged credit, credit rating, credit scores, debt facility, europe, financial inclusion, financial services, phillip hyett, salad money, theodora hadjimichael, uk, united kindom, united states, us
BharatX, an emerging white labelled credit enabler for e-commerce merchants, has announced its partnership with Snitch – an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able “to pay for their purchases… Read More
Read more in: Fintech, Asia | Tagged bharatx, bnpl, buy now pay later, credit, credit enabler, digital commerce, e-commerce, india, mehul nath j, men’s clothing brand, snitch
The Hong Kong credit and charge card payments market is set “to grow at a compound annual growth rate (CAGR) of 3.9% between 2022–2026 to reach HKD 831.9 billion ($106.7 billion) in 2026, driven by a significant shift in consumer preferences towards non-cash payment methods… Read More
Read more in: Asia, Fintech | Tagged cashless payments, charge card payments, consumer spending, credit, globaldata, hong kong, Payment Cards, payments, Ravi Sharma, research, Research Report
Mastercard (NYSE: MA) and Citizens announced an expanded partnership, making Mastercard the exclusive payments network “across Citizens’ credit, debit and commercial portfolios, as well as services provider in the U.S.” With shared values and vision, Citizens and Mastercard are “united in the goal to provide… Read More
Read more in: Fintech | Tagged brendan coughlin, citizens, citizens financial group, commercial portfolios, credit, debit, linda kirkpatrick, mastercard, payments, united states, us
Experian has launched CreditLock, a new feature that will “enable customers to lock their Experian Credit Report at the touch of a button.” The launch comes “following data that shows 1 in 4 UK adults have fallen victim to fraud, with 75% of UK adults… Read More
Read more in: Fintech | Tagged consumer credit, credit, creditlock, europe, experian, experian credit report, jayne sankoh-beacom, uk, united kingdom
Digital lender and non-bank challenger MONEYME (ASX: MME) has officially launched a new credit score product that has already “seen over 37,000 new customers swarming to discover their score during a Beta Trial, despite zero marketing of the product so far.” The MONEYME Credit Score… Read More
Read more in: Fintech, Global | Tagged australia, bnpl, buy now pay later, clayton howes, credit, credit scores, digital financial services, digital lender, financial services, lending, moneyme, non-bank challenger, online lending
Pathway Homes, a real estate platform with a mission to create more homeowners, announced its partnership with Credit Saint, a credit restoration company. As part of this partnership, Pathway will be “providing its customers with a waived first work fee for Credit Saint’s services, as… Read More
Read more in: Real Estate, Fintech, General News | Tagged credit, credit restoration, credit saint, homeowners, k.c. cleary, pathway homes, real estate, ross lapietra
Sezzle Inc. (ASX: SZL), a Buy Now, Pay Later (BNPL) solution in Canada, recently announced the expansion of Sezzle Up, a consumer credit-product, into the Canadian market. For Canadians who are either credit unserved or underserved, “the lack of a credit score and any history… Read More
Read more in: Fintech, Canada, Global | Tagged bnpl, buy now pay later, canada, consumer credit, credit, credit building, credit history, credit score, credit unserved, equifax canada, financial services, financially underserved, patrick chan, sandy kyriakatos, sezzle, sezzle inc., sezzle up
Digital credit platform Money View has reportedly secured $75 million in capital via its Series E round, which has been led by Apis Partners, a UK-headquartered asset management firm. The investment round also included contributions from Tiger Global, Winter Capital, and Evolvence. As noted by… Read More
Read more in: Asia, Fintech | Tagged apis partners, Bengaluru, credit, digital credit platform, digital financial services, evolvence, financial services, fintech adoption, fintech trends, india, investment round, money view, puneet agarwal, sanjay aggarwal, tiger global, winter capital
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