alternative credit

Ghana FinTech Fido Raises $30M in Series A Round
Ghana FinTech Fido Raises $30M in Series A Round
June 22, 2022  |  Investments

Ghanaian FinTech Fido has raised $30 million in a funding round to boost the company’s efforts to develop financial technologies that can be used across...

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Crypto Lender BlockFi Secures $250M Credit Line From FTX
Crypto Lender BlockFi Secures $250M Credit Line From FTX
June 21, 2022  |  Cryptocurrency

Cryptocurrency lending startup BlockFi secured a $250 million credit line with cryptocurrency exchange FTX to bolster its balance sheet and provide long-term stability. BlockFi CEO...

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CFPB Wants Credit Reporting Standards in BNPL Sector
CFPB Wants Credit Reporting Standards in BNPL Sector
June 16, 2022  |  BNPL

The Consumer Financial Protection Bureau (CFPB) published a blog post on Wednesday, June 15, indicating that Buy Now, Pay Later (BNPL) lenders and Nationwide Consumer...

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EU Council’s Amendments to Consumer Credit Bill Favor BNPL Providers
EU Council’s Amendments to Consumer Credit Bill Favor BNPL Providers
June 10, 2022  |  BNPL

The EU Council, one of the legislative bodies of the European Union, agreed on Thursday (June 9) on the revision of the consumer credit directive...

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BNPL Rethinks Model as Trying Times Strain Customers’ Wallets
BNPL Rethinks Model as Trying Times Strain Customers’ Wallets
June 07, 2022  |  Buy Now Pay Later

When a House Subcommittee on Financial Services hearing titled “Buy Now, Pay More Later?” was convened last November, it was clear that rising installment debt...

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Nova Credit Teams with Alloy on Inclusive Business Lending
Nova Credit Teams with Alloy on Inclusive Business Lending
May 24, 2022  |  Partnerships

San Francisco-based FinTech Nova Credit partnered with identity decisioning platform Alloy to help lenders become more inclusive and serve more consumers across the credit spectrum...

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New EU Consumer Credit Rules May Be Approved by Summer
New EU Consumer Credit Rules May Be Approved by Summer
May 16, 2022  |  Regulation

A committee of the European Parliament will vote in June on the proposed Consumer Credit Directive (CCD) with a view to getting final approval in...

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The Millennial Minute: Younger Users Want BNPL From Their Banks
The Millennial Minute: Younger Users Want BNPL From Their Banks
May 05, 2022  |  BNPL

As more consumers try buy now pay later (BNPL) and like it, the paradox of choice is becoming an issue as numerous third-party providers and...

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Klarna Seeks to Appease UK Regulators With Credit Reporting 
Klarna Seeks to Appease UK Regulators With Credit Reporting 
May 04, 2022  |  BNPL

Klarna is moving ahead of potential regulation in Buy Now, Pay Later (BNPL) in the U.K. The company announced in a blog post on May...

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