Shares of AI-lending platform Upstart plunged more than 20% Tuesday (Nov 8) evening after the company said rising interest rates and a slowing economy saw its tally of new loans cut in half. Get the Full Story Complete the form to unlock this article and...
The percentage of subprime auto loan borrowers who have fallen behind on payments has risen by more than a percentage point over the last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Despite a legal challenge to its student loan forgiveness program, the federal government is reportedly sending refund checks for student loan payments that borrowers made during a moratorium on such payments during the pandemic. Get the Full Story Complete the form to unlock this article...
Auto finance platform Lendbuzz has secured a $150 million credit facility from J.P. Morgan and will use it to help expand the number of borrowers it serves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Swedish FinTechs Krea and Klarna said Wednesday (Oct. 26) that their partnership has helped small and medium-sized enterprises (SMEs) in that country receive larger loan offers at lower interest rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
One doesn’t build a FinTech in New Zealand — with a population of five million souls and a bit more than half a million SMBs — to scale only in New Zealand. Get the Full Story Complete the form to unlock this article and enjoy...
Payment service provider Mollie is launching a capital division to make it easier for small and medium-sized businesses (SMBs) to gain broader access to fast and flexible funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
KeyBank can now service loans in real-time, including application, payments and collections, after partnering with Oracle to update and digitize its non-real estate consumer lending process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Mission-driven FinTech and digital banking platform Oportun Financial Corporation closed a $150 million senior secured term loan from funds managed or sub-advised by Neuberger Berman Specialty Finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
