FinTech startups are escalating the fight for territory in the financial services sector. Once reliant on traditional banks for services such as deposit holding and access to services such as customer checks, FinTechs are beginning to obtain proprietary licensing and gaining independence from old-school banks.
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Financeit announced on Tuesday (Aug. 23) it launched Financeit Direct, a direct-to-consumer financing platform. The tool, which the company said is a first-of-its-kind platform, is available 24/7 from any location on any device. Get the Full Story Complete the form to unlock this article and...
FinTech firm Bizfi, which offers a platform that serves as a combination of aggregation, funding and a small business marketplace, said that it had seen a boost of 25 percent year over year in its small business originations in the most recently completed second quarter....
The concept of sub-prime borrowing is a bit tricky. 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 daily newsletter, PYMNTS Today. By completing this form,...
Hot on the heels of favorable Q2 results, Square, with Square Capital has made a move intended to keep the good news coming. It announced yesterday a partnership with Upserve, which means that funding from Square Capital will now be available to businesses operating outside...
Payday loans and installment loans have a lot in common. Both tend to be pitched at borrowers with FICO scores that lock them out of more traditional means of credit acquisition like cards or personal bank loans, both tend to come with big interest payments and...
When taken on a global scale, the access to mainstream (bank-backed) financial services and products in the United States is impressive. Worldwide, 38 percent of the population is considered unbanked; that’s about 2 billion people. In the U.S. on the other hand – based on...
Online lending was all the rage even a few months ago, but funding going toward online lending platforms is on the decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
