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Lending Briefing: Deserve’s new credit card platform, credit inclusion and collateral crypto

  • While label commercial lending is blooming as well, aiming to help companies serve other businesses by giving them easy access to capital - the latest to come to market with such a solution is Deserve.
  • Credit inclusion is slowly advancing in the US, and community banks are starting to work with crypto lenders to accept portions of their loans for cryptocurrency.
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Lending Briefing: Deserve’s new credit card platform, credit inclusion and collateral crypto

Credit card-as-a-service: 5 questions with Deserve’s CEO Kalpesh Kalpadia 

Software-as-a-service is being extrapolated into various areas in finance, with general financial products and services now being turned into simple code that can be embedded into any existing digital service. 

This essentially allows any company, no matter the industry, to include financial services in their general offering. Debit cards and accounts were among the first to be introduced, but other financial products are quickly following suit. 

Within lending-as-a-service, consumer credit services took the lead, removing the need for intermediaries like loan brokers or banks, and enabling service providers to separate themselves from the distribution process and just focus on the code. 

But white label commercial lending is blooming as well, aiming to help companies serve other businesses by giving them easy access to capital. 

The latest to come to market with such a solution is Deserve, which just launched its Commercial Credit Card Platform, designed to create credit and charge cards for any company’s business customers. This is available on either a white-label basis, or by fully embedding into partners’ digital capabilities through APIs and SDKs. 

The platform allows for custom reward schemes to be added to credit cards, and also provides enterprise-level controls, making it easy for CFOs to track, manage, and understand expenses. And with the power of technology, cards can be issued instantly and be added to digital wallets, ready to be used within minutes. 

We spoke to Deserve about this new product – here are five questions with the fintech’s co-founder and CEO Kalpesh Kalpadia.

 


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