Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.
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.
iCred will use these resources to expand its operations and enter the payroll loan market for the beneficiaries of the social security fund.
Consumers see this process as seamless and instant. It's just the start of a complex process for the retailers involved in the transaction.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
BNPL providers should consider the FTC's suggestion to "conduct a compliance check," including reviewing their policies and procedures.
John Tomich, CEO of Credit Key, said he sees evidence of credit washing and wants to bring awareness to the recent trend.
TransUnion's latest quarterly study found most Americans could be experiencing a 'personal recession' with 54% stating their incomes were not keeping up with inflation.