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X1’s income-based credit card is finally available to the public

The X1 credit card uses income projections instead of credit scores to determine spending limits for its users

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Sava, a spend management platform for African businesses, gets $2M pre-seed backing

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business...

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Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank...

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Greenlight, a $2.3B fintech focused on kids, launches credit card for parents

Atlanta-based Greenlight adds a 3% cash back credit card to its suite of family-focused financial products

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Altro has raised $18M to help you build credit just by paying for your Netflix subscription

Altro founders think credit access should be free. They came up with the idea of helping people build credit through recurring payment forms.

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Concerto snags $21.2M to bring co-branded credit cards to more brands

Concerto, a startup developing a platform to make it easier for brands to roll out co-branded credit card programs, has raised $21.2 million in...

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Stilt secures $114M in debt & equity to help fintechs and neobanks launch credit offerings with its API

Stilt, which started its life as a provider of financial services for immigrants, has raised $14 million in Series A funding led by Link Ventures as...

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London-based SteadyPay helps freelancers and gig workers stabilize their income

Fintech for freelancers SteadyPay raised a $5 million Series A led by European VC firm Digital Horizon.

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B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

Moroccan B2B e-commerce and retail startup Chari has acquired Axa Credit, the credit branch of Axa Assurance Maroc, for $22 million, the company...

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Selina raises $150M to dish out flexible loans that leverage home equity

For many of us, our home is by far our biggest asset, and in the world of fintech, that’s led to a logical extension: when you need money,...

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Finclusion raises $20M to build out credit-led neobank offering across Africa

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bet...

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Kenyan BNPL startup Lipa Later eyes more African markets after raising $12 million

Lipa Later, a Kenyan tech-led consumer credit platform, is planning to expand to new markets in Africa after raising $12 million in pre-Series A...

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Goldfinch raises $25M from a16z to power its DeFi lending protocol for borrowers in developing countries

For all of the excitement pulsing through the so-called web3 space in the past year, most of the heartiest sums of investor dollars have seemed to...

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Ant is changing how consumers borrow money from its app

In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been...

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Credit-focused company Upgrade raises $280 million at $6 billion valuation

Fintech company Upgrade has raised a Series F round just four months after raising its previous round. Today, the company is announcing $280 million...

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South Africa’s NFTfi raises $5M so people can use their NFTs as collateral for loans

Once regarded as a fad (for some, it still is), NFTs, digital assets that depict real-world objects, are becoming increasingly popular within and...

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Aplazo takes in $27M to increase adoption of BNPL in Mexico

Since its seed round, Aplazo grew its total processing volume more than eight times and in less than a year has partnered with over 1,000 merchants.

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Debt-as-a-service provider Sivo wants to power the next generation of lending startups

Sivo wants to do for debt what Stripe did for payments: Make it as easy to access a debt facility as plugging into an API.

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Tala grabs $145M to offer more financial services in emerging markets

Tala, an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in...

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Emerging markets lender Lendable seeks $100M to fund fintech companies

Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said...

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Which form of venture debt should your startup go for?

Given the surplus of liquidity, entrepreneurs have access to more funding options than ever. Venture banks, venture debt funds and venture...

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Lessons from COVID: Flexible funding is a must for alternative lenders

Alternative lending is any lending that occurs outside of a conventional financial institution. These lenders offer different types of loans such as...

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a...

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Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M

The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out...

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MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida

Small businesses in Africa need digital banking services, including plenty of credit. Although these businesses drive economic growth and contribute...

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SeedFi closes on $65M to help financially struggling Americans get ahead

Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted...

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LA-based SoLo Funds raises $10 million to offer an alternative to predatory payday lenders

SoLo Funds wants to replace payday lenders with a community-based, market-driven model for individual lending, and now has $10 million to expand its...

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Buy now, pay later to be regulated in the UK

Following a government review, the U.K.’s financial services regulator will be instructed to regulate the buy now, pay later industry made...

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