“The more I looked at retailer-sponsored finance, the more I realized people routinely end up paying atrociously more than they bargained for … This is not only morally outrageous, but it’s bad for business.” — Max Levchin, Founder & CEO, Affirm Get the Full Story...
In the course of conversations with many innovators and entrepreneurs about how they ended up founding the firms they founded, we tend to hear something of a recurring theme. It always starts with a problem, usually one the innovator has run across in their day-to-day...
Tala, the consumer lending app in emerging markets, announced Monday (Oct. 22) a strategic investment from PayPal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Mike Cagney first made his name in financial services as the founder and CEO of SoFi, an alternative credit startup that got its start re-refinancing student loans for graduates of elite universities. SoFi grew up quickly, expanding both the number and types of products it...
About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. This followed a nearly five-year-long process that included debates, discussions and a few out-and-out screaming contests. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The reason private label works so well in stores, Bread CEO and Co-founder Josh Abramowitz told PYMNTS’ Karen Webster, is because they are so well-integrated with the physical retail environments for which they were created. They are easy for consumers to use, they are white-labeled...
If the world were a more logical place, it would always be easy for a borrower to pay their debts as quickly and easily as possible. Everyone’s goals would be aligned, ensuring that funds are repaid on time and with minimal investment of time or energy....
While freelance and self-employment has existed as long as the work has existed, half a decade can make a big difference. Gig workers have gone from a sliver of the economy to a bonafide force, powered by platforms like Uber, Lyft and Fiverr, not to mention a generation...
