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FinTech news in credit scores category

Wealth Tech startup Petal raised extension round of $35M

A majority of consumers approved for Petal credit cards since its 2018 launch had either thin or no credit history when they were first approved, according to Rosen. Prism Data essentially takes the cash flow underwriting technology the company initially developed for use at Petal, and makes it available to any lender, fintech or financial institution.