Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of
SoLo Funds wants to replace payday lenders with a community-based, market-driven model for individual lending, and now has $10 million to expand its business in the U.S. Payday lenders offer high-inte
Embedded finance — the idea of offering financial products where customers are already congregating via white label solutions and APIs — isn’t an entirely new concept. In fact, in on
Following a government review, the U.K.’s financial services regulator will be instructed to regulate the buy now, pay later industry made popular by companies such as Klarna and AfterPay (known
U.S. challenger bank Chime, now valued at $5.8 billion, is entering the credit card market with today’s launch of a new card designed to help consumers build their credit history by way of every
As the US flirts with extreme market volatility and the possibility of its first recession since 2008, it’s amazing to think how much consumer financial services have changed in that time.
Credit Sesame is getting into digital banking. The credit and loans company, first launched at TechCrunch Disrupt in 2010, has since grown to 15 million registered users and, in 2016, achieved profita
Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal
Debt can serve as a valuable piece of a company’s capital structure; the key is to use debt for the right purposes and to understand the implications of doing so.
Recently released documents revealed the FBI has for years secretly demanded vast amounts of Americans’ consumer and financial information from the largest U.S. credit agencies. The FBI regularl
After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group. The San Franicso-base
Deserve, a credit card startup helping young people establish themselves, as well as a cloud-based credit card platform for businesses, has raised $50 million in a new round of Series C funding led by
Venmo announced today its plans to launch its first-ever credit card. The card is being issued in partnership with Synchrony, already the issuer behind Venmo parent company PayPal’s Extras Maste
Last week, when the popular payments startup Stripe made some waves with its first move into money lending through the launch of Stripe Capital, we reported that the company was also soon going to be
Users of credit monitoring site Credit Karma have complained that they were served other people’s account information when they logged in. Many took to a Reddit thread and complained on Twitter
Swedish payments provider Klarna has announced a new round of equity funding, adding $460 million at a post-money valuation of $5.5 billion, which makes it one of the most highly valued private fintec
Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is one of the slew
As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services.
Yesterday, Tally, the startup looking to automate consumers financial lives, announced it had raised a $50 million Series C round led by Andreessen Horowitz and with participation from Valley heavy hi
A federal watchdog says the government should stop relying on the credit agencies to verify the identifies of those using government services. In a report out this week, the the Government Accountabil