alternative credit

Tink Offers Lenders Real-Time Look at Loan Applicants’ Expenses
Tink Offers Lenders Real-Time Look at Loan Applicants’ Expenses
August 31, 2022  |  Loans

Open banking platform Tink is launching a new product that gives lenders real-time access to applicants’ fixed and discretionary spending, allowing them to make faster...

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FuturePay Offers Revolving Credit to Online Merchants
FuturePay Offers Revolving Credit to Online Merchants
August 22, 2022  |  eCommerce

FuturePay, an eCommerce financing company, has made its MyTab revolving credit platform available for online merchants. “The MyTab solution is an alternative to traditional credit...

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Creditspring CEO: Subscription Credit Model Keeps U.K. Borrowers From Falling Into Debt Traps
Creditspring CEO: Subscription Credit Model Keeps U.K. Borrowers From Falling Into Debt Traps
August 10, 2022  |  Alternative Credit

Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to...

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BNPL at the Heart of the Great Consumer Credit Reset, Says Splitit CEO
BNPL at the Heart of the Great Consumer Credit Reset, Says Splitit CEO
July 28, 2022  |  Buy Now Pay Later

There’s been a lot of “great” micro eras packed into less than three years — the great pandemic, the great digital shift, the great reopening...

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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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