North American middle-market firms are demonstrating resilience, fueled in part by an increasing and more strategic use of financial tools. The “2024-2025 Growth Corporates Working Capital Index: North America Edition,” commissioned by Visa and conducted by PYMNTS, revealed an uptick in the adoption and efficient...
Despite the clear potential of integrating credit directly into commerce platforms, many lenders appear to be sitting on the sidelines, potentially missing significant growth opportunities in the burgeoning embedded lending market. Embedded lending describes credit tools integrated directly into a merchant or provider’s platform, allowing...
Block said Tuesday (May 20) that since the launch of its credit products, it has extended over $100 billion in credit while keeping its loss rates “low.” The company uses a combination of near real-time data, technology and customer-first design, rather than traditional credit scores,...
The Trump administration plans to put millions of defaulted federal student loan borrowers into collections starting Monday (May 5). This action threatens the confiscation of tax refunds, federal benefits and wages from affected individuals. The move marks a significant policy shift, reversing a program taken...
SoFi has secured agreements that amount to a $3.2 billion expansion to its Loan Platform Business, which refers prequalified borrowers to loan origination partners and originates loans on behalf of third parties. One agreement includes a $2 billion extension of an earlier agreement for personal...
In a sector caught between regulatory pressure and technological disruption, fleet and mobility companies are redefining how they manage working capital. According to the newly released “2024-2025 Growth Corporates Working Capital Index: Industry Factbook,” published by PYMNTS Intelligence in collaboration with Visa, fleet and mobility...
Banks have reportedly more than doubled their lending to nonbank financial institutions (NBFIs) over the past five years and are now lending those companies $1 trillion a year. This lending enables banks to profit from the growing share of lending that is being done by...
PayPal said Wednesday (March 26) that it has passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. Over that time, the company has extended more than 1.4 million loans to more than 420,000 business accounts...
Experian has launched a tool designed to increase financial access for people with limited credit history. Cashflow Score, unveiled Tuesday (March 25), is designed to give lenders a clearer view of applicants’ financial behavior, aimed at helping people with little to no credit history improve financial access using...