Funding Circle announced a partnership last month with global mailing company Pitney Bowes Inc. to provide loans to SMBs.
In the aftermath of stablecoin disaster, the institutionalization of crypto assets hangs in the balance, regulatory supervision is key.
This month Revolut has significantly expanded operations catering towards SMEs, freelancers and sole traders.
While the Federal Reserve has said they will pour virtually unlimited amounts of capital into the mortgage-backed securities market there...
Its platform focused on funding from fans for internet celebrities on YouTube, Twitch and other live streaming platforms; in August it raised 119.5 ether which is about $47,000; the SEC notified Protostarr of its investigation however a final status has not been reported; the firm says forming a legal department to manage the ICO investigation and potential need for registration is not within its short-term plans and it will refund its ICO investors. Source
A new survey by invoice finance fintech MarketInvoice finds 67 percent of UK SMEs said they will run out of...
Fintech advances, including emerging digital neobanks, embedded banking, AI, and other tools, are expanding consumer options.
Chime has bigger issues than just a market unfavorable for an IPO. Chime has a revenue generation problem that providing credit isn't going to solve. There is another answer, however.
The WSJ shares how the non-profit provides micro loans to women entrepreneurs and shares some success stories; the model is largely based on reputation and a support system instead of credit history; loans start at $500 with interest rates around 18% which fall over time as the balance is paid; entrepreneurs can receive larger loans after establishing a track record of repayment. Source
WeChat Pay will begin rolling out a credit rating for their 600 million users; the credit rating uses AI to...