In May of last year, Petal announced it had raised a new funding round and was spinning off its infrastructure unit, Prism Data.
But then we heard in November that Petal was struggling and looking for a buyer.
On Friday, the CFPB announced it was suing mobile peer-to-peer lending platform SoLo Funds for multiple issues.
SoLo Funds targets minority and other underserved borrowers with short-term loans of up to $575. This is a challenging population to serve and a difficult niche to profit from.
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Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best...
Americans overwhelmingly prefer digital payments over cash establishing that embedded finance is the next frontier.
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Today Lending Club announced that Peter Thomson, chairman of Thomvest and Director of the Thomson Reuters Corporation has made another...
In the coming age of B2B virtual card payments, Mastercard's Receivables Manager brings automation to AR teams.
By the end of 2022, crypto lenders will check customer credit reports through a partnership between Spring Labs and TransUnion.
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Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best...
Insurtech is still undeveloped in Latin America but that is starting to change
For Raízen, the acquisition of Payly represents the first step in developing this payments unit — and a new source of revenue.