Credit access up 2.9% as subprime share climbs
Credit availability improved year over year in January amid elevated average transaction prices. An increase in the share of subprime…
Carmakers idle plants, rethink prices as Trump’s tariffs hit
Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars are already reverberating around the globe. Jeep-maker…
WorkFusion raises $45m for financial crime compliance AI agents
WorkFusion, a fintech building AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian.
S&P projects losses for no-FICO lenders, puts notes on CreditWatch Negative
MIAMI — Auto securitization ratings experts are expecting further losses for lenders that specialize in servicing consumers with thin credit…
PayNearMe bolsters collaboration with PayPal
Last week, PayNearMe announced an expansion of its strategic collaboration with PayPal. The companies highlighted that the expanded integration with PayPal’s full stack processing capabilities for both payments and disbursements into the PayNearMe platform can help increase reliability and expand … [Read More]
Tandem acquires money sharing app co-founded by chairman Paul Pester
Tandem Bank has acquired Loop, a money sharing app co-founded by the bank’s chairman Paul Pester.
Chase Auto no longer financing Fisker vehicles, sales halted
Chase Auto is no longer financing Fisker vehicles and dealerships have been forced to pause Fisker sales. The EV manufacturer…
Climb Credit sued by CFPB for “false promises and outright lies”
The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.
Barclays and Citi lead $7 million investment in deal intelligence platform Claira
Barclays and Citi have co-led a $7 million seed funding round in deal intelligence platform Claira.
Bud and Enfuce to bring carbon tracking to UK
Open banking fintech Bud has signed a deal with the Nordic eco-payments firm Enfuce to bring its ‘My Carbon Action’ product to the UK.
SAFCO adds former Off Lease Only legal expert as general counsel
Southern Auto Finance Co. (SAFCO) recently made its second strategic move so far this year, appointing Marissa Kaliman as its vice president of compliance and general counsel. SAFCO highlighted Kaliman brings a wealth of expertise to its senior leadership team, … [Read More]
ClearBank founder bounces back with Sporta
Andrew Smith, ClearBank founder and former CTO, has launched his next venture, Sporta. Its first Crowdcube funding round values the startup at £35 million pre-money.
Super.com raises $85m for savings super app
Super.com, an all-in-one savings platform, has raised $85 million in debt and equity to help it build out a WeChat-like super app.
WealthTech Conquest Planning raises $80 million
Conquest Planning, a wealth advisory firm for retail and HNW investors, has raised $80 million in growth equity backed by a host of venture investors from major US banks.
Latin American payments startup Pomelo raises $40m
Pomelo, an Argentinian payments infrastructure firm, has raised $40 million in a Series B funding round led by VC Kaszek.