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...
A steady progression of credit throughout decades finds payments at a new frontier. Traditional card products and the payment rails established to facilitate their transactions laid the groundwork for the dawning digital-first financial ecosystem, where consumer experience is first in line in terms of priorities....
Alternative credit is as hot as it gets, with various players raising astronomical sums from investors and opening up vast new markets. In the latest updates of PYMNTS’ Provider Ranking of Alternative Credit Apps, we see the major players holding fast to their top 10...
A third of online lender LendingClub’s workers will be laid off, the company said on Tuesday, April 21. That’s 460 employees, including President Steven Allocca, as the company tries to navigate the tumultuous economy surrounding the coronavirus pandemic and slash costs. In addition, top executives...
Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. The company reported a loss of $113 million (1.1 billion Swedish krona) on revenues of $740...
Affordable housing in many American cities has reached crisis levels. For those looking for officially government-certified affordable housing, the average time on the waiting list is two years, though in some U.S. metros that time can extend to a decade and beyond. And that is...
Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. Insurance policies that would replace traditional cash up-front deposits are an alternative being considered by both...
Sezzle, the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight (DBO) for a lending license. The DBO’s approval means that Sezzle can now continue to operate seamlessly in the state and continue to act as...
Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, reports detailed on Thursday (Dec. 19). ZestMoney co-founder and chief executive Lizzie Chapman told reporters that the new investment...