Search Results for: non-prime consumers

Poly & Bark Joins Katapult’s Retailer Network Which Provides Lease-Purchase Options for Non-prime Consumers
E-commerce News

Poly & Bark Joins Katapult’s Retailer Network Which Provides Lease-Purchase Options for Non-prime Consumers

Fintech News Desk
by Fintech News Desk0
Furniture retailer Poly & Bark selects Katapult to offer a transparent lease-to-own option to its customers Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, has selected Poly & Bark, a furniture retailer, to join its retailer network to give shoppers more options......
Empower Signs Definitive Agreement to Acquire Petal, and Completes Acquisition of Cashalo, to Accelerate Access to Fair Credit for Underserved Consumers
Lending News

Empower Signs Definitive Agreement to Acquire Petal, and Completes Acquisition of Cashalo, to Accelerate Access to Fair Credit for Underserved Consumers

PR Newswire
by PR Newswire0
Empower enters the U.S. credit card category and the Southeast Asian credit market, poised to revolutionize lending with a smarter, more inclusive approach to underwriting and product innovation. Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company headquartered in New York,......
18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers
Fintech News

18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers

Fintech News Desk
by Fintech News Desk0
TransUnion study finds that credit risk often changed based on when consumers exited hardship programs Despite financial challenges brought forth by the COVID-19 pandemic, a new study from TransUnion found that 18.7 million U.S. consumers that entered a financial hardship program experienced an increase to their VantageScore 4.0 credit risk scores......
Fintech News

Prime Consumers Under Increasing Financial Strain, According to Latest Reading From Consumer Sentiment Tracker

Fintech News Desk
by Fintech News Desk0
A new study released today by Elevate’s Center for the New Middle Class (CNMC) reveals that prime consumers (those with credit scores of 700 and above) are exhibiting significant financial weakness due to the coronavirus pandemic while conditions for non-prime consumers, a population of approximately 150 million in the United States, seem......
Vast Majority of Credit-Challenged Consumers Remain Locked out of Traditional Credit Markets
Banking Fintech News

Vast Majority of Credit-Challenged Consumers Remain Locked out of Traditional Credit Markets

Fintech News Desk
by Fintech News Desk0
According to OppLoans, a leading fintech firm, only 7.8% of applicants qualify for sub-36% APR loans from a consortium of near-prime lenders  OppLoans, a leading financial technology platform that serves middle income, credit-challenged consumers, released its latest insights on sub-36% APR loan availability for non-prime consumers through the first month......
Eric Kobe joins Koalafi as President, Bolstering Leadership Team for Next Phase of Growth
Fintech News

Eric Kobe joins Koalafi as President, Bolstering Leadership Team for Next Phase of Growth

PR Newswire
by PR Newswire0
Koalafi, a financial technology company committed to delivering inclusive financial products, announced the appointment of Eric Kobe as President, effective May 13, 2024. In this role, Kobe will report directly to Boomer Muth, the Chief Executive Officer of Koalafi. As President, Kobe will manage day-to-day operations to steer Koalafi into its next phase of......
Digital Asset Management Fintech News

Elevate To Be Acquired By Park Cities Asset Management

Fintech News Desk
by Fintech News Desk0
Elevate Credit, Inc. (“Elevate” or the “Company”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC (“Park Cities”), an alternative asset manager focused on providing......
Highline Secures $13 Million in Series A Funding To Extend Credit Access For Borrowers and Reduce Risk For Lenders
Fintech Funding News

Highline Secures $13 Million in Series A Funding To Extend Credit Access For Borrowers and Reduce Risk For Lenders

Fintech News Desk
by Fintech News Desk0
Highline Technologies, the payments cthat unlocks payroll-linked lending and billpay, announced that it has successfully raised $13 million in Series A funding. The round was led by Jump Capital, Costanoa Ventures, Foundation Capital and other investors. Latest Fintech News: Flexia Launches InstaPlay Registration and Integrated Onboarding Module of Its Cashless Gaming Solution Founded in......
Enova Increases Securitization Warehouse Facilities with Additional $235 Million in Capacity
Artificial Intelligence News

Enova Increases Securitization Warehouse Facilities with Additional $235 Million in Capacity

Fintech News Desk
by Fintech News Desk0
Enova International, a leading financial technology company powered by machine learning and artificial intelligence, announced that during March the company closed $235 million of additional capacity across all four of its existing consumer and small business securitization warehouse facilities. “Our ability to increase the capacity in each of our existing committed......
Enova Announces $100 Million Share Repurchase Program
Artificial Intelligence News

Enova Announces $100 Million Share Repurchase Program

Fintech News Desk
by Fintech News Desk0
Enova International , a leading financial technology company powered by machine learning and artificial intelligence, announced that its Board of Directors has authorized a share repurchase plan for up to $100 million of its common stock. This new program will be in place until June 30, 2023. The existing $150 million repurchase program......
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