FinTech news in valar ventures category

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.

In an interview with journalist, Neo co-founder and CEO Andrew Chau shared that he and co-founders Jeff Adamson, Chris Simair and Kris Read started Neo to challenge the Big Five banks that own some 90% of the country’s market share.