Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct....
A small business can have a warehouse full of merchandise, a growing order book and packages moving toward customers, and still struggle to qualify for...
Auto lenders are entering a period in which collections performance will depend on more than identifying borrowers who are falling behind. They also must account...
PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology...
FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a Monday (Oct. 12) press release that this would complement the company’s...
New Federal Reserve data shows wealth gains cooling among American families amid a spike in loan delinquencies. Released Friday (Oct, 9) the Fed’s latest Survey...
Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data...
Mpower Financing, an American lender focused on loans to international students, is reportedly shutting down. That’s according to a report Wednesday (Oct. 7) by Bloomberg News, which...