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 every aspect of the credit lifecycle, including origination, underwriting, compliance and servicing, Jessica Zhang, CEO and co-founder of Pier, said in...
Credit unions (CUs) have long been a reliable source for credit products such as credit cards, mortgages, auto loans and personal loans. However, with the rise of non-bank and non-CU financial entities offering competitive deals, consumers are increasingly looking for better options. In “Credit Union...
Improving credit scores can have significant financial benefits for consumers by accessing better lending conditions and low interest rates. With improved scores, consumers can increase their available amount of discretionary spending and help ensure they can afford everyday essentials. However, many consumers do not have...
Card issuing company Marqeta has debuted a new credit card issuing platform. The launch, announced Monday (Oct. 23), adds intuitive credit card program management tools and creates a “one-stop shop” for rolling out consumer and commercial credit programs, the company said in a news release...
December 29, 2023
Credit unions (CUs) have long been a reliable source for credit products such as credit cards, mortgages, auto loans and personal loans. However, with the rise of non-bank and non-CU financial entities offering competitive deals, consumers are increasingly looking for better options. In “Credit Union Innovation: How Credit Product Rates Impact FI Selection,” PYMNTS Intelligence […]
August 31, 2023
In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But as noted in the report...
April 04, 2018
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that...
April 05, 2024
Consumers’ total outstanding credit increased by $14.1 billion in February. Revolving credit accounted for $11.3 billion of the increase, while non-revolving credit made up the other $2.9 billion, the Federal Reserve said Friday (April 5) in its monthly report on outstanding consumer credit. “In February, consumer credit increased at a seasonally adjusted annual rate of 3.4 percent,” […]
January 11, 2024
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 every aspect of the credit...
October 23, 2023
Card issuing company Marqeta has debuted a new credit card issuing platform. The launch, announced Monday (Oct. 23), adds intuitive credit card program management tools and creates a “one-stop shop”...
