Member Exclusive, Online Lenders

Mission Lane’s approach to helping people access credit with Shane Holdaway

  • Shane Holdaway spent close to two decades working in large traditional financial institutions.
  • As CEO of Mission Lane, he's serving a million customers that banks tend to overlook.
close

Email a Friend

Mission Lane’s approach to helping people access credit with Shane Holdaway

With all the fintech and focus on the unbanked and underbanked, there are still tens of millions of Americans who lack access to mainstream financial services. Those are Mission Lane’s customers. A spinoff of LendUp, the firm’s credit card is the first product in a portfolio designed to address this demographic’s financial needs and wants.

Shane Holdaway is Mission Lane CEO. After a career on the other side of the aisle, running businesses for large traditional financial institutions, he’s charged with leading the company into its next stage of maturity. We talk about his personal transition from finance to fintech and how that informs his work. We talk about why the financial industry has failed so many and what he and his firm plan to launch and grow in the future.

SubscribeApple Podcasts I SoundCloud I Spotify I Google Podcasts
The following excerpts were edited for clarity.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Mission Lane’s approach to helping people access credit with Shane Holdaway”

Outlier OpinionsMakers

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
Online Lenders, Podcasts

‘The conversation in most bank boardrooms now is can we digitize fast enough?’: Numerated’s Dan O’Malley

  • Numerated is a digital lending platform used by banks to issue credit to SMB customers.
  • On the back of an acquisition of Fincura, Numerated CEO Dan O'Malley joins us on the podcast to discuss the future of SMB lending.
Zachary Miller | January 20, 2022
Member Exclusive, Online Lenders

Lending Briefing: How fintechs are redefining credit scores

  • There's a whole new class of fintech firms using bank account data to underwrite loans.
  • Consequently, the credit score is seeing pressure from all sides, as more real time options abound.
Iulia Ciutina | January 19, 2022
Member Exclusive, Online Lenders

Lending Briefing: GM, Marcus by Goldman Sachs and in-car shopping

  • In this week's Lending Briefing, GM and Marcus by Goldman Sachs launch a new partnership, products.
  • The tie-up provides some insight into new rewards programs as well as in-car commerce.
Iulia Ciutina | January 12, 2022
Member Exclusive, Online Lenders

Lending Briefing: The digitization of consumer lending

  • In our inaugural Lending Briefing, we explore the dynamic of moving further down the digital adoption curve.
  • Driven by mortgage and younger generations, banks are also improving their onboarding capabilities.
Iulia Ciutina | January 05, 2022
More Articles