OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly...
FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans offering allows users to borrow between 2,000 pounds (about $2,700) and 25,000 pounds (about $33,000),...
As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on millennials’ overall well-being, particularly on their mental health. In the July “Consumer Inflation Sentiment Report: Back to School Means Back...
Latin American FinTech Nubank says it will begin offering personal loans to customers in Mexico. The new product, announced Tuesday (Sept. 5), will roll out in the days ahead for a group of employees who will test the product before it is released to the general public. Iván Canales,...
Upgrade is expanding its services to include consumer auto loans. To kickstart its auto lending business, the San Francisco-based FinTech company will initially make its offering available to a group of 30 car dealers in California and Oregon, Bloomberg reported Wednesday (Aug. 30). It plans to target a...
For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is relatively buoyant as would-be-borrowers seek options through which they can consolidate credit card debt or finance their vehicles. But the...
There’s only one change of position in PYMNTS’ latest Provider Ranking of Personal Loan apps, but it’s a big one — there’s a new leader. Last month’s leader and runner-up have traded positions this time around. Other than that, the remaining five contenders hold the...
The State Bank of India (SBI) has announced that its personal loan product for salaried customers, called Real-Time Xpress Credit (RTXC), will be available through its YONO bank app, a report from IBS Intelligence said Monday (May 23). Customers will be able to access RTXC...
FinTech lender Upstart said it will not keep loans on its balance sheet that financial institutions have no interest in purchasing. As The Wall Street Journal reported Thursday (May 19), the decision by the San Mateo, California-based company reverses its move earlier this year to...