Credit Suisse says it has provided financing to two manufacturing companies using an electronic promissory note, or eNote. The Swiss financial services firm announced the completion of this pilot transaction Tuesday (Jan. 11), saying the technology — built by the Zurich-based FinTech FQX — had...
It might be difficult to imagine living on less than $6 a day, but that’s the reality of 85% of the population in Saharan Africa. In addition to the economic hardships this creates, people in this category are extremely underserved by financial services, as their...
Buy now, pay later (BNPL) platform Sezzle announced Thursday (Oct. 14) it’s broadening its partnership with credit bureau TransUnion to let users establish and build credit based on their Sezzle repayment history. Sezzle users who qualify for Sezzle Up will have their repayment histories submitted...
The death of U.S. payday lending has long been forecast, as opponents complain that short-term, high-interest loans offer consumers little more than an opportunity to fall into a debt trap that could take years to emerge from. Will competition from FinTechs finally spark the industry’s...
Lightspeed and Stripe have teamed up to launch Lightspeed Capital, which will, initially offer loans aimed at small and medium-size businesses (SMBs) in the U.S., Lightspeed announced. The program will provide retailers using Lightspeed Payments with “flexible financing” of up to $50,000 per retail location. “Through financing...
EBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. sellers access to funding to help them build up and sustain their businesses. The companies dubbed the initiative “eBay Seller Capital powered by LendingPoint,” according to press release. The program, launched during the...
The alternative or alt-credit space — known variously as point-of-sale (POS) credit, “buy now, pay later” (BNLP) or installment payments — remains one of the hottest business stories of the past few years, as players stream in and consumers fall in love with the concept....
Indian FinTech Infibeam Avenues, which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement, the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment...
For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line of credit with available funds, Fiserv says it has a solution. The company said its new FlexLine Advance program will allow consumers...
