Most consumers have loan accounts with outstanding balances, and most of them manage those accounts online. According to “Account Opening And Loan Servicing In The Digital Environment,” a PYMNTS collaboration with Finicity, a Mastercard company, 61% of consumers have loan accounts with outstanding balances. Get...
Funding Circle has permanently barred new investors from its retail platform, the business lender announced Thursday (March 10). As the Financial Times reported, the decision was announced as the company shared its results, and is an indication of how the peer-to-peer (P2P) lending sector has...
Kueski has made nearly $1 billion in loans to one million costumers, the Latin American lender and buy now, pay later (BNPL) firm said in a news release Tuesday (March 8). “The $1 billion figure shows impressive growth, but the real impact we are having...
Nearly a year after the United Kingdom’s finance regulator banned Amigo Holdings PLC from issuing loans in the U.K., the tide is turning. The Financial Conduct Authority (FCA) announced Monday (March 7) that it will not block an attempt by the company that operates Amigo Loan...
Canadian FinTech lender Loanz is planning to launch in the U.S. while also expanding its Credit Box in Canada, which offers loans to low credit customers in Canada with starting interest rates of 9.9%. “The expansion of our brand into the USA, coupled with the...
Almost two out of every three consumers are comfortable opening new accounts digitally, compared to less than half saying they prefer to manage their existing loan accounts that way, according to PYMNTS’ February 2022 edition of “Account Opening And Loan Servicing In The Digital Environment”....
Home improvement financing technology platform PowerPay on Wednesday (Feb. 23) announced it has integrated with home improvement contractor and remodeler sales software platform Leap, giving users access to all PowerPay financing products. That access includes a no-dealer-fee program with 15-year terms, rates starting at 4.99%,...
Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said in a news release Thursday (Feb. 10). Vroom said the securitization is a private offering, which will see its recent...
Food delivery service DoorDash Inc. will offer financing on its app to restaurants that need business loans through the new DoorDash Capital program, according to a Bloomberg report Wednesday (Feb. 9). DoorDash Capital merchants can apply for financing to pay for business operations, including buying...