Upgrade has raised $165 million in a new funding round that values the FinTech at more than $7.3 billion, according to Bloomberg. The round, led by Neuberger Berman’s NB Alternatives Advisers, positions the San Francisco-based company for a potential initial public offering (IPO) within the...
When consumers ask for more credit, they’re not just seeking spending power—they are testing trust. The new PYMNTS Intelligence and Elan Credit Card report reveals how a single “yes” or “no” can redefine customer loyalty, shape financial confidence and even shift market share. Behind every...
Americans are walking a careful line as they navigate inflation and household balance sheets, leveraging credit where needed but showing signs of restraint. The latest Federal Reserve data released Tuesday (Oct. 7) paints a picture of consumers who still have “dry powder” in the form...
Pool United unveiled a new multi-user financial account that allows consumers to add multiple users to a shared account, assign roles and permissions, and spend from a shared balance using the Pool Visa Debit Card. Called a Pool, this new account is designed for shared...
Digital financial services firm SoFi has announced a new expansion to its investing offering. Options Level 1 has begun rolling out to SoFi Invest members, and will become available to all eligible members in the weeks ahead, the company announced Thursday (Oct. 2). “One of the most...
Consumers in the United States continue to spend, but their incomes are not keeping pace. The widening gap indicates household savings may risk being depleted, and reliance on credit is intensifying. The Bureau of Economic Analysis released data Friday (Sept. 26) showing that personal consumption expenditures...
New TransUnion data shows almost 30% of student loan borrowers behind on their payments. Millions of these delinquent borrowers are now preparing for involuntary collections from the U.S. Department of Education in the form of wage garnishment or the withholding of tax refunds or Social...
Households in the United States are struggling to cover their monthly expenses. Rent, groceries, utilities and childcare are demanding a greater share of the paycheck. In response, consumers are making deliberate choices about where and how to cut back and stretch the household dollars further....
Watch more: Need to Know Digital disruption has rewired expectations across industries, and in consumer finance, the old playbook of transactional credit programs is becoming obsolete. The question for lenders and merchants is no longer how to extend access to credit but how to turn...