FinTech news in Craft Ventures category

Lin says one of the things they’ve learned along the way is that Explo is a sticky product and that helped secure the latest $12 million Series A when the company went looking for funding at the beginning of this year. That product is a tool for building customized business intelligence dashboards with a look and feel of your own company, which you can embed in your website or email to customers. In spite of launching a company at the height of the pandemic, Explo finished building the product and found its first customers. He says the company is working with a recruiter to keep building a diverse team, and he says the key is finding candidates early in the process.

X1 Card is taking a different tack by underwriting customers based on their income rather than their credit scores, which the company says enables it to set credit limits up to 5x higher than traditional card providers.