As restaurant and grocery aggregators increasingly find new revenue streams to offset delivery losses, DoorDash is getting into lending. The food delivery giant announced Wednesday (Feb. 9) that it is partnering with financial services technology company Parafin to launch DoorDash Capital, through which the delivery...
As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny and under fire. To that end, a coalition of advocacy groups is pushing regulators in the U.S. to investigate the...
A Mexican lender is taking DeFi borrowing beyond crypto and into the broader financial market, extending $40 million in credit lines to small business customers. Decentralized finance, or DeFi, has been touted as a threat to traditional financial institutions that can be disintermediated by peer-to-peer...
With 2021 done, 2022 looms as a landscape of challenge and opportunity for financial services providers. The recent announcement that the Federal Reserve would look to raise interest rates as soon as next month begs the question of just how ready we are for the...
When the parent of Rocket Mortgage announced late last month it was spending roughly $1.3 billion in cash to purchase the personal finance site Truebill and its 2.5 million users, it was touted as a way to accelerate Rockets’ vision to “help clients in complex moments”...
For all the talk of DeFi changing the financial world forever, the reality is that decentralized finance is largely a closed system. For the most part, cryptocurrency owners put up their crypto as collateral for loans in dollar-pegged stablecoins, then use them to invest in...
The Biden Administration has given student loan borrowers an early Christmas present, extending the pause on payments until May 1. “We know that millions of student-loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” the president...
February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. It’ll be tougher to make ends meet. As has been widely reported, the Biden administration is planning to press ahead with a...
Leading auto loan services platform Autochek Africa has announced the launch of a dedicated brand-new cars section on its website and mobile app, allowing customers in East and West Africa to access a variety of digital financing options to purchase new cars and trucks from reputable...