alternative credit

Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
April 09, 2024  |  Acquisitions

Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast...

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Revolving Credit Surge Hints at Split Payments’ Continued Appeal
Revolving Credit Surge Hints at Split Payments’ Continued Appeal
April 08, 2024  |  Alternative Credit

Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued...

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Price-Conscious Consumers Open Door for POS Financing Options
Price-Conscious Consumers Open Door for POS Financing Options
April 04, 2024  |  Consumer Finance

As inflation persists, so does sticker shock. For merchants seeking to close the sale, financing offered at the point of sale — before the purchase...

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Retailers’ Embedded Finance Bets Pay Off
Retailers’ Embedded Finance Bets Pay Off
March 25, 2024  |  Retail

Retailers around the world are seeing their investments in embedded finance offerings boost their revenue. By integrating financial services directly into the shopping experience —...

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As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
February 05, 2024  |  Loans

The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are...

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Pier Raises $2.4 Million to Help Businesses Launch Credit Products
Pier Raises $2.4 Million to Help Businesses Launch Credit Products
January 11, 2024  |  Alternative Credit

Pier has raised $2.4 million in an oversubscribed round to develop its technology that helps businesses launch credit products. The company’s “Stripe for credit” solution automates...

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Versatile Credit and Acima Leasing Partner on Lease-to-Own Prequalification
Versatile Credit and Acima Leasing Partner on Lease-to-Own Prequalification
October 05, 2023  |  Partnerships

Versatile Credit has partnered with Acima Leasing to offer merchants access to Acima’s lease-to-own (LTO) prequalification feature. This partnership will help merchants optimize their financing and leasing programs,...

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UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
April 26, 2023  |  Alternative Credit

Small and medium-sized businesses (SMBs) have not had a moment’s rest in the last few years. After enduring a crippling pandemic, they are now navigating...

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Afterpay Launches 12 Month BNPL Payment Option
Afterpay Launches 12 Month BNPL Payment Option
October 05, 2022  |  Buy Now Pay Later

Buy now, pay later (BNPL) firm Afterpay is launching a new monthly payment option that aims to give consumers greater payment flexibility and responsible spending...

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