Lemon announced Thursday (Oct. 10) that the company has launched and that its financing platform built for software-as-a-service (SaaS) sales teams is live. The platform is designed to help SaaS sales teams overcome the common challenge of customer hesitation over large upfront costs, Lemon Co-Founder...
Have you ever been in the process of paying for a purchase — either online or in a retail outlet — only to be prompted to apply for a new credit card to cover your purchase or to disperse your payments over a set period...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at least some “everyday” essentials, too. The PYMNTS Intelligence and Visa report “The Embedded Lending Opportunity” found...
Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued use of card installment plans. Consumers’ total outstanding credit increased by $14.1 billion in February, tied to an annualized growth rate of...
Pier has raised $2.4 million in an oversubscribed round to develop its technology that helps businesses launch credit products. The company’s “Stripe for credit” solution automates every aspect of the credit lifecycle, including origination, underwriting, compliance and servicing, Jessica Zhang, CEO and co-founder of Pier, said in...
Small and medium-sized businesses (SMBs) have not had a moment’s rest in the last few years. After enduring a crippling pandemic, they are now navigating interest rate hikes and rising inflation, which are affecting cash flow, said Mike Randall, CEO and co-founder at Simply Asset...
Finfi has added a “save now, buy later” product to its financial wellness platform. With this new purchase-linked savings plan, users can save money in their own Reserve Bank of India (RBI)-regulated account and then receive a discount on a product when they have accumulated...
Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to Neil Kadagathur, CEO at U.K. FinTech lender Creditspring, self-reported utility expenses have gone up by close to 30% in the...
Swiss cross-border payments network Arf has launched Arf Credit, a product designed to provide instant working capital credit lines for money service businesses (MSBs). “Traditionally, when a money service business wants to send money from one country to another, it has to pre-fund the same...
