Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source
J.D. Power's 2024 U.S. Merchant Services Satisfaction Study finds 54 per cent of small businesses accept BNPL and that those operations score the relatively new way to pay highest among payment methods, with a 744 score on a 1,000-point scale.
Business.com's 2022 payment processing study reveals several marketplace disparities, beginning with credit cards and P2P payments.
Petal uses information beyond credit scores like earnings, spending and savings to identify people who are a good fit for a credit card; users can then use the Petal card to build their credit history; the company raised $13 million led by Valar Ventures. Source
The former Citigroup CEO is investing $100 million in Fair Square Financial LLC through his investment firm called Orogen Group;...
This marks a first for a UK bank to launch a biometric fingerprint card; it is currently in pilot phase...
According to CNBC, Citigroup was also in discussions with Apple for their newly launched credit card; the bank pulled out...
A majority of fintech companies today focus on providing faster and cheaper financial products to already well-served Americans. While this...
US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase...
Business Insider provides their perspective on SoFi’s $500 million funding round that was announced this week; the personal finance space...