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Biz Card Startup Brex Pursues Unicorn Status

PYMNTS

The company touts its ability to provide startups with higher credit limits, reports noted, and does not place liability of the cards onto its clients’ founders. At the time, Ribbit Capital and Y Combinator Continuity led the investment, while PayPal Co-founders Peter Thiel and Max Levchin also participated.

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FIS Partners with Affirm to Bring Integrated Pay-Over-Time Capabilities Directly to Debit Issuing Banking Clients and Their Cardholders

Fintech Finance

.” When the program launches, participating FIS debit processing banks will be able to offer their eligible customers biweekly and monthly payment plans through the banks existing debit card products. This will enable significantly more consumers to access the benefits of Affirm when paying over time online and in-store.

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China’s X Financial Has A New US IPO And 400M P2P Leads

PYMNTS

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product. The company has facilitated 1.7

P2P
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Can Alternative Data Move The Dial For Financial Inclusion?

PYMNTS

And, Experian’s report notes, both consumers and lenders are getting increasingly interested in “those much more comprehensive profiles” becoming a standard part of the underwriting process. While most alternative borrowers are subprime, the report notes, about 20 percent have prime credit scores. What’s Next.

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Brex Teams With Magento For Technology Partnership 

PYMNTS

Moreover, Magento customers can enjoy all the benefits of Brex, including higher credit limits, instant online underwriting without personal guarantees and tailored rewards to online retail businesses. People looking for payments and short-term financing solutions on Magento can now seamlessly apply to Brex within the platform.

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Truth Squad: Will Weaker Scoring Criteria Create a Mortgage Surge?

FICO

Participants and Influencers throughout the mortgage ecosystem have been told by the three main US credit bureaus through their jointly owned and controlled credit scoring firm, VantageScore, that the VantageScore can enable millions more consumers to gain access to a mortgage. million of whom will qualify for mortgage credit.

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

LendUp and Beneficial State Bank have a different approach: They want to invest and make money on their customers who are succeeding financially and are able to participate in the full spectrum of the financial system. Good credit isn’t built overnight, and neither are underwriting systems that help consumers build it.