USA: Oportun will lay off 18% of corporate staff, eliminate productsThe San Carlos, California, consumer lender said it’s “exploring strategic options” for its credit card portfolio, discontinuing its investment and retirement products and sunsetting a partnership with Sezzle in addition to embarking on a new round of job cuts.
USA: What does a neobank for older folks look like?Most neobank’s focus on young consumers but neobank Charlie provides banking services to retirees and soon-to-be retirees. The firm allows consumers to access their Social Security benefit 3-5 days early, without any fees and also offers 3% earnings on deposits.
Isabelle is a journalist for Fintech Nexus News and leads the Fintech Coffee Break podcast.
Isabelle's interest in fintech comes from a yearning to understand society's rapid digitalization and its potential, a topic she has often addressed during her academic pursuits and journalistic career.