Loans

Loans
Loanz Rolling out in US as It Plans Canadian Credit Box Growth
March 07, 2022

Canadian FinTech lender Loanz is planning to launch in the U.S. while also expanding its Credit Box in Canada, which offers loans to low credit customers in Canada with starting interest rates of 9.9%. Get the Full Story Complete the form to unlock this article...

Digital-First Banking
Almost Two-Thirds of Consumers Comfortable Opening Loan Account in App
February 25, 2022

Almost two out of every three consumers are comfortable opening new accounts digitally, compared to less than half saying they prefer to manage their existing loan accounts that way, according to PYMNTS’ February 2022 edition of “Account Opening And Loan Servicing In The Digital Environment”....

Loans
PowerPay and Leap Team up on Home Improvement Contractor Financing
February 23, 2022

Home improvement financing technology platform PowerPay on Wednesday (Feb. 23) announced it has integrated with home improvement contractor and remodeler sales software platform Leap, giving users access to all PowerPay financing products. Get the Full Story Complete the form to unlock this article and enjoy...

Loans
Vroom Announces $296M Loan Securitization
February 10, 2022

Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said in a news release Thursday (Feb. 10). Get the Full Story Complete the form to unlock this article and enjoy...

Loans
DoorDash Starts Financing Arm to Offer Restaurants Cash Advances
February 09, 2022

Food delivery service DoorDash Inc. will offer financing on its app to restaurants that need business loans through the new DoorDash Capital program, according to a Bloomberg report Wednesday (Feb. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Loans
DoorDash Announces Financing Service as Aggregators Compete for Restaurant Loyalty
February 09, 2022

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Banking
Rent-a-Bank Model May Be Living on Borrowed Time
February 07, 2022

As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny and under fire. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loans
Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses
February 04, 2022

A Mexican lender is taking DeFi borrowing beyond crypto and into the broader financial market, extending $40 million in credit lines to small business customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Loans
Looming Rate Increases Pose New Challenges — and Opportunities — for Lenders
January 28, 2022

With 2021 done, 2022 looms as a landscape of challenge and opportunity for financial services providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...