The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
For entrepreneurs looking to overcome these challenges, revenue-based financing is a compelling alternative.
To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes.
It is becoming increasingly necessary for financial institutions to start thinking outside the box for ways to grow and diversify their loan portfolios.
While many "green" fintech startups like Aspiration or Sugi appear on the market, their infrastructure can stay environmentally harmful.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.
Banks must find a way to optimize the digital customer experience while simultaneously ramping up security.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
As workers require more technical and digital skills to master emerging technologies, many organizations risk being left behind.
As Gen Z grows into a robust consumer base, we need to consider factors influencing them and adjust strategies to attract and retain them.