Tagged: credit

February 23, 2023 @ 12:29 pm By Omar Faridi  |  

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

February 20, 2023 @ 12:48 pm By Omar Faridi  |  

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

February 17, 2023 @ 5:18 pm By Omar Faridi  |  

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

February 16, 2023 @ 7:58 am By Omar Faridi  |  

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

February 12, 2023 @ 10:03 pm By Omar Faridi  |  

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

February 6, 2023 @ 8:09 am By Omar Faridi  |  

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

January 31, 2023 @ 7:25 pm By Omar Faridi  |  

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

January 29, 2023 @ 6:32 pm By Omar Faridi  |  

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

January 20, 2023 @ 3:01 pm By Omar Faridi  |  

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

January 17, 2023 @ 11:47 am By Omar Faridi  |  

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

January 16, 2023 @ 9:19 am By Omar Faridi  |  

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

January 6, 2023 @ 3:48 pm By Omar Faridi  |  

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

December 31, 2022 @ 11:21 am By Omar Faridi  |  

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

December 27, 2022 @ 4:49 pm By Omar Faridi  |  

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

December 24, 2022 @ 1:19 pm By Omar Faridi  |  

SavvyMoney, the provider of innovative credit score solutions, and Alkami, the provider of cloud-based digital banking solutions for banks and credit unions in the U.S., recently signed their 100th shared customer, a key milestone in their expanding partnership. Since its launch in 2019, the number… Read More

December 9, 2022 @ 10:57 am By Omar Faridi  |  

Pinwheel, the payroll data connectivity platform, released the results of a new survey “on consumer attitudes towards credit scoring and data sharing.” Findings demonstrate that: Financial institutions are missing out on servicing a portion of otherwise reliable borrowers due to current credit scoring methods miscategorizing… Read More

December 8, 2022 @ 8:17 am By Omar Faridi  |  

Prism Data, an open banking analytics platform, introduced CashScore v3, a powerful new version of its CashScore credit scoring model that leverages anonymized, consumer-permissioned open banking data “to fully illuminate a consumer’s true credit risk.” That deeper understanding “enables lenders to build more resilient businesses… Read More

December 4, 2022 @ 8:54 pm By Omar Faridi  |  

Quantifi, a provider of risk, analytics, and trading solutions, today announced it has been selected by Nomura Holdings to support its structured credit team. Nomura, a global financial services group with an integrated network spanning over 30 countries, “offers credit trading and structured credit solutions… Read More

November 26, 2022 @ 9:07 pm By Omar Faridi  |  

CBA has launched a new credit score hub “to help customers improve their financial wellbeing, as new research reveals only 1 in 5 Aussies have checked their personal credit score in the past 6 months, with around a third unsure what a credit score is.”… Read More

November 22, 2022 @ 10:57 pm By Omar Faridi  |  

Propel Holdings Inc. (TSX: PRL), a Fintech company dedicated to credit inclusion, announced that it has entered the Canadian market with its new brand, Fora CreditTM (Fora) – “a convenient online credit solution for underserved Canadian consumers.” Nearly 25 per cent of Canadians “are either… Read More