credit

How PayJoy built $300M in revenue by letting the underserved use their smartphones as collateral for loans

Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not

SOLO’s new credit bureau concept helps lenders ditch third-party data

Georgina Merhom developed the concept for SOLO after helping freelancers in Egypt who didn't have bank accounts.

Kashable banks $25.6M to offer employment-based lending

Kashable integrates with a company’s payroll systems and then uses that data to power its fully-automated underwriting ability to extend affordable credit to that company’s employees.

Pier banks $2.4M to launch ‘Stripe for credit’

Developers add Pier’s APIs with a few lines of codes, and the company then manages the credit lifecycle from end-to-end, including origination, underwriting, compliance and servicing.

Nova Credit lands $45M to grow its cross-border and alternative data credit products

Moving from one country to another is difficult in many ways, not the least of which involves starting over financially. Nova Credit, which started out as a graduate research project out of Stanford U

Shopify expands into credit cards as it pushes further into the fintech space

Shopify has entered the credit card game. The commerce giant announced today that it is offering Shopify Credit, a business credit card designed exclusively for its merchants. The new product marks Sh

Karat, a startup building financial tools for content creators, raises $70M

Despite earning six-to-seven-figure-a-year incomes, many content creators are denied the capital they need to expand their businesses. The reasons vary, but most are relatively young and have limited

Defacto gets new credit facility to provide instant financing to small companies

French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, API-first approach. This is a new fund of up

Fintech giant Stripe is getting into the credit game

Stripe wants to make it easier for businesses to access credit. The private financial infrastructure giant announced a new charge card program today from Stripe Issuing, its commercial card issuing pr

Southeast Asian credit fintech Kredivo scores $270M Series D

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietna

Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers

Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to expand the

Zopa, the UK neobank, raises $93M more at a $1B+ valuation

After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending se

X1’s income-based credit card is about to launch publicly

The credit card market has become increasingly crowded, with consumer fintech startups locked in a fierce competition to differentiate their offerings through branding, rewards programs and even crypt

Sava, a spend management platform for African businesses, gets $2M pre-seed backing

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where it offered over $1 millio

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their c

Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Greenlight, the Atlanta, Georgia-based fintech company that pitches parents on kid-friendly bank accounts, is launching a credit card. The Greenlight-branded card, offered through Mastercard, offers u

Altro has raised $18M to help you build credit just by paying for your Netflix subscription

Michael Broughton was the first in his family to go to college. But he almost didn’t, when he had trouble securing the necessary financing to pay his tuition. The experience stuck with him, and when

Concerto snags $21.2M to bring co-branded credit cards to more brands

Co-branded rewards programs like Amex’s longrunning Delta partnership are a major factor in consumers’ credit card decisions. According to a GigaPoints/Ipsos poll, over half of Americans s

Stilt secures $114M in debt & equity to help fintechs and neobanks launch credit offerings with its API

Stilt, which started its life as a provider of financial services for immigrants, has raised $14 million in Series A funding led by Link Ventures as it expands its focus to include a B2B offering. In

London-based SteadyPay helps freelancers and gig workers stabilize their income

The “gig economy” gave rise to a set of startups focused on meeting the needs of freelance and self-employed workers, from labor marketplaces Upwork and Fiverr to client management tools l
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