Creditspring news and trends

Creditspring CEO: Subscription Credit Model Keeps U.K. Borrowers From Falling Into Debt Traps
Alternative Credit // August 10, 2022

Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to Neil Kadagathur, CEO at U.K. FinTech lender Creditspring, self-reported utility expenses have gone up by close to 30% in the...

UK Lending FinTech Creditspring Raises $60M
Investments // May 23, 2022

London-based FinTech Creditspring has raised $60 million in new capital, bring its total funds raised since its 2016 launch to $88 million, the company announced Monday (May 23). The lender touts its mission as providing loans that help borrowers increase their credit scores and overall...

Today in the Connected Economy: Qualcomm Bets $100M on the Metaverse
Connected Economy // March 21, 2022

Today in the connected economy, wireless technology company Qualcomm announces the creation of a $100 million fund to support metaverse-related projects. Also, Mastercard and HSBC collaborate on a new B2B payments solution, and Titus-Will Automotive Group rolls out a new car buying site that lets...

EMEA Daily: UK Regulator Orders Barclays to Correct Breaches; Russian Court Rules Meta an ‘Extremist’...
International // March 21, 2022

In today’s top Europe, Middle East and Africa news, the U.K.’s banking regulator has ruled that Barclays Bank UK Plc has failed to make available accurate information on its products, while a Russian court has labeled Meta Platforms as extremist. Plus, Kenya-based B2B eCommerce platform...

Interviews & Exclusives
Creditspring CEO: Subscription Credit Model Keeps U.K. Borrowers From Falling Into Debt Traps

August 10, 2022
Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to Neil Kadagathur, CEO at U.K. FinTech lender Creditspring, self-reported utility expenses have gone up by close to 30% in the last six months, while transportation expenses have increased by 15%. […]

Quick Reads
UK Lending FinTech Creditspring Raises $60M

May 23, 2022
London-based FinTech Creditspring has raised $60 million in new capital, bring its total funds raised since its 2016 launch to $88 million, the company announced Monday (May 23). The lender touts its mission as providing loans that help borrowers increase their credit scores and overall financial stability and stated in announcing the latest fundraise that […]

UK’s Creditspring Launches New Credit Building Tool

March 21, 2022
U.K. consumer credit provider Creditspring has launched “Step,” a credit-building product designed for people with limited to no credit history. “Step gives more people the opportunity to build their credit...