Subprime consumers are often viewed through a narrow credit-risk lens. PYMNTS Intelligence’s “Who Is the Subprime Consumer? A Behavioral Profile” shows a different picture: a large, steady and measurable part of the U.S. consumer economy that is changing how it uses credit, installment products and...
Vehicle-focused lending platform Octane has raised $100 million in equity capital. The Series F funding round allows Octane to accelerate its market penetration and deepen its product offering, the company said in a Monday (Dec. 15) news release. “Building on our strong foundation, this capital...
SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock. The digital financial services company also plans to grant the underwriter a 30-day option to purchase as much as an additional 15%...
Private credit, representing lending by nonbank entities to companies, has in recent years come to rival traditional bank lending in size and influence. According to the U.S. Federal Reserve, private credit outstanding has roughly doubled over the past five years. At the same time, many...
September 01, 2026
Watch more: Need to Know With Anita Chalkley of Synchrony and Chris Taylor of Discount Tire Service Centers A customer who walks out of a tire shop without completing a needed repair presents a problem that neither a credit score nor a sales report might be able to fully explain. The customer may have been […]
May 07, 2026
Subprime consumers are often viewed through a narrow credit-risk lens. PYMNTS Intelligence’s “Who Is the Subprime Consumer? A Behavioral Profile” shows a different picture: a large, steady and measurable part...
November 05, 2025
Small and midsize merchants have no shortage of ambition, but they often face long odds when they try to secure the financing needed to buy new equipment, restock inventory or...
October 09, 2025
When uncertainty rises, so does nostalgia for the familiar. In the U.S. middle market, where firms straddle the line between enterprise scale and small business agility, that means borrowing the...
December 15, 2025
Vehicle-focused lending platform Octane has raised $100 million in equity capital. The Series F funding round allows Octane to accelerate its market penetration and deepen its product offering, the company said in a Monday (Dec. 15) news release. “Building on our strong foundation, this capital allows us to move more quickly on key initiatives that […]
December 04, 2025
SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock. The digital financial services company also plans...
November 05, 2025
OpenAI Chief Financial Officer Sarah Friar said Wednesday (Nov. 5) that the company is working on a multimodal device and that the firm wants a federal guarantee that would lower...
November 04, 2025
Zest AI said Tuesday (Nov. 4) that it secured strategic investment for its artificial intelligence-powered lending solutions. The round was led by five of Zest AI’s financial institution customers, including...
