Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Real-time income data has enabled completely new fintech products to be developed over the past five years
If you work for a fintech planning to offer services in an emerging market, you'd be wise to take a few steps from DriveWealth's playbook.
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With the heightened cost of living battering UK PSPs, many consider Open banking to be the silver bullet, but with adoption at only 10% of the population, innovation is needed.
Small business lending is more complicated than consumer lending.
Both have term loans and lines of credit but in small business you also have SBA loans, revenue-based financing, merchant cash advances, venture debt, equipment finance, invoice factoring, asset-based financing and more. This leaves a lot of room for unscrupulous lenders to charge hidden fees on some of these products.
Despite some recovery, the reality is most banks have not been generating a sufficient return on equity to cover their cost of capital.
It's a widely reported issue, there is a significant gender divide in fintech. Increased support of female founders and leaders could make all the difference.
Over five million UK citizens and small businesses are active users of open banking-enabled products with 336 regulated providers.
Flow Networks helps connect the world's biggest payment systems to the consumer at the moment of payment. They use that period to connect with customers via gamification in ways that build retention.
Nova Credit UK will assist in improving access to credit products for the nation's growing immigrant population.