Curo Group Goes Public As Trump Administration Eases Payday Restrictions

The Curo Group targets underbanked consumers through WageDayAdvance in the UK and Speedy Cash in the US; they went public on Wednesday at $14 a share and were up more than 2.4 percent in their first day of trading; the former head of the CFPB led a Industry crackdown on payday lenders but new leadership points to those restrictions being lifted; the company charges about $25 per $100 borrowed and are backed by private equity group Friedman Fleischer & Lowe. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.