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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Trends 52
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. HQ: Denver, Colorado. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum.

Company 12
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

Lending marketplace for small businesses. HQ: Denver, Colorado. Self-employment tax payments. Tags: SMB, payments, merchants, credit/debit cards, acquiring, POS. Total raised: $44.7 HQ: New York City. Source: FT Partners. Funding Societies. Latest round: $7.5 million Series A. Total raised: $7.5 HQ: Singapore.

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242 Startup Failure Post-Mortems

CB Insights

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. It did not close because the customer base isn’t there or due to a lack of demand for its lending products. -Kyle Hill, HomeCare CEO. Product: BTCJam.

Company 78