Business of Fintech, Online Lenders

From one idea to 2 million applications: TomoCredit wants to change the credit score game

  • As an immigrant, TomoCredit founder and CEO Kristy Kim wanted to develop a solution to the problem of credit accessibility in the US.
  • At first she wanted to license an underwriting solution to big banks, but that would have taken too long - so she decided to launch a credit card company.
Iulia Ciutina | January 24, 2022
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From one idea to 2 million applications: TomoCredit wants to change the credit score game

 

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Online Lenders

How MoneyLion and Plaid are improving credit access through data integration

  • MoneyLion and Plaid have partnered to enhance credit decisioning using real-time cash flow data.
  • This case study examines how their integration is expanding access to credit, particularly for underserved borrowers.
Zachary Miller | October 16, 2024
Online Lenders

Case Study: How Citi and Numerated are working to transform lending technology through strategic partnership

  • In this case study, we explore the partnership between Citi and Numerated, showcasing how the collaboration impacts the lending landscape.
  • By combining Citi’s financial expertise with Numerated’s AI-driven platform, this partnership exemplifies how fintech and traditional banking can work together to drive innovation and efficiency.
Zachary Miller | August 26, 2024
Keeping the bad guys out, Lending, Online Lenders

SMB lending fraud keeps growing – how can lenders protect themselves?

  • Lenders of all kinds, from large banks to small community banks, credit unions, and fintechs, are hemmed in by the pressing issue of SMB lending fraud -- with fintechs continuing to experience the highest hit.
  • Convenience is a staple of digital lending. And while this is valued by borrowers looking for a quick and easy application process, it also opens the door for fraud.
Sara Khairi | June 14, 2023
Online Lenders

How Black-owned SoLo scaled to 1 million registered users

  • SoLo Funds has become the first Black-owned financial services company to cross the 1 million customer account mark last month.
  • The fintech facilitates P2P loans for consumers living on the margins of financial services. Acquiring more than 1 million users hasn’t come easy for SoLo, though.
Sara Khairi | March 29, 2023
BNPL, Online Lenders

PayPal’s evolving strategy in a crowded BNPL market 

  • We take a look at how PayPal entered the BNPL sector by launching its first BNPL offering – ‘Pay in 4’, and expanded its suite of products by rolling out another BNPL product, ‘Pay Monthly’, in 2022.
  • Steve Mikulcik, VP of Global BNPL at PayPal, talks about the ramifications of such a rapidly-growing industry, and whether it is still serving the purpose of facilitating consumers.
Sara Khairi | January 17, 2023
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