Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021. New York-based Pillar helps consumers opti
FinanZero, a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding — its fourth since it launched in 2016. It has raised a total of $22.85 million
There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One
Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of
With a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its business. Chief executive Tim Herman
SoLo Funds wants to replace payday lenders with a community-based, market-driven model for individual lending, and now has $10 million to expand its business in the U.S. Payday lenders offer high-inte
The commercial real estate industry is facing its share of challenges, considering the fact that so many people are working from home (and not in offices) and retail is riding a slippery slope as more
Embedded finance — the idea of offering financial products where customers are already congregating via white label solutions and APIs — isn’t an entirely new concept. In fact, in on
If you’ve ever applied for a mortgage, you know it’s one of the most painful processes out there. Keeping up with payments and dealing with customer service over the course of the loan is no picni
Google Cloud today announced the launch of Lending DocAI, its first dedicated service for the mortgage industry. The tool, which is now in preview, is meant to help mortgage companies speed up the pro
Small and medium businesses have been some of the hardest hit in the COVID-19 pandemic. And all that has been as true in emerging markets as it has been for SMBs in the developed world. Tunde Kehinde
Anyfin, the Stockholm-based startup that enables consumers to refinance their existing loans, has raised $30 million in funding. Leading the Series B round is EQT Ventures, with participation from exi
I’m incredibly thankful that we were able to submit and receive approval days before this unfortunate event, but many small businesses weren't as fortunate.
On Thursday, the House passed the newest federal stimulus package aimed at providing financial relief for businesses and institutions hit hard by the COVID-19 crisis. The bill lingered in the Senate f
We need to flatten the curve of this disease, but we also need to bend the curve for small businesses on the brink of collapse.
Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intu
The U.K. government, like a number of other countries around the world such as the U.S., has stepped up its pace in providing relief in the form of loans for businesses being impacted by the coronavir
Another tech unicorn is feeling the pinch of doing business during the coronavirus pandemic. Today, Kabbage, the SoftBank-backed lending startup that uses machine learning to evaluate loan application
Patreon, a platform for creators to earn monetary support from fans, is busting out the checkbook. The startup isn’t playing VC quite yet with newly launched Patreon Capital, but they are hockin
Debt can serve as a valuable piece of a company’s capital structure; the key is to use debt for the right purposes and to understand the implications of doing so.