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Tearsheet's Where Credit's Due podcast Ep. 1: Credit for the underbanked
Welcome to Where Credit’s Due - Tearsheet’s podcast covering the latest trends in lending, hosted by Iulia Ciutina, senior reporter at Tearsheet.
In the very first episode, co-host Iulia is joined by the chief executives of Nova Credit and TomoCredit, Misha Esipov and Kristy Kim -- to discuss how fintechs are helping immigrant communities to get access to credit.
As credit history typically stops at the border, many people who move to the US from abroad have to build consumer credit from scratch.
WTF is BNPL for Business?
The payments landscape is rapidly evolving. The past decade saw a heap of new players joining the space, indefinitely redefining how payments are done.
The term BNPL – Buy Now, Pay Later – lives at the intersection of technology and finance today. It has made a significant impact in the consumer world – totaling an estimated $226 billion in transactions in 2021. Still, BNPL is still quite early in its evolution – and it doesn’t stop with consumers. The B2B market still presents BNPL with a massive untapped opportunity in the payments space.
For SMBs, who typically have limited working capital, funds for necessary purchases can all too often be out of reach at the moment of need. For both sides of B2B, BNPL can be a game-changer.
That’s why we joined forces with Fundbox to create the WTF Guide to BNPL for Business, where we answer some important questions.
Read more (Sponsored by Fundbox)
The latest briefing
Lending Briefing: Digital lending profitability and underwriting discipline
Digital lenders delivered quite a few positive earnings surprises in the first quarter of 2022, as the strong post-pandemic consumer credit health continues to encourage lenders to push for growth.
However, valuations remain under pressure. Stocks are still down year-to-date, indicating that stockholders are still looking for profitability and underwriting discipline.
We give you a quick Q1 earnings overview of some digital lenders that exceeded market forecasts and reported strong portfolio growth.
Read more (exclusive to Outlier members)
Just look at the charts

Source: Florian Graillot
2. 2022 another record-breaking funding year for wealth tech?

Source: CB Insights
Today's stories
CFPB to promote consumer finance innovation, competition
The Consumer Financial Protection Bureau has opened the Office of Competition and Innovation to promote more competition and look into stumbling blocks for new marketing entrants (PYMNTS)
Stripe to enable merchants to convert payments into Bitcoin
Fintech firm Stripe along with bitcoin payments infrastructure platform OpenNode are joining forces to allow Stripe’s merchant customers to instantly convert all or portions of incoming payments to bitcoin via the OpenNode app (CoinDesk)
Synapse banking platform launches Global Cash
BaaS platform Synapse announced the launch of Global Cash, a secure cash management account product, that enables residents in more than 35 countries to invest and hold U.S. dollars (Business Wire)
PayPal is cutting 83 San Jose-based employees
PayPal laid off dozens of employees from its San Jose headquarters, around a week before the fintech confirmed that it was shuttering its San Francisco office -- impacting 83 employees. Without clarifying much about the layoffs, the company said that it will continue hiring (TechCrunch)
BoE tells banks to implement climate action or face slashed profits
The Bank of England is warning banks to take immediate action on climate risks or face a 15% hit to annual profits -- the warning comes as the central bank publishes its Climate Biennial Exploratory Scenario which explored the financial risks posed by climate change for the largest UK banks and insurers (Finextra)
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