Remove Lending Remove Marketing Remove Millennials Remove Oakland
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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship.

Fintech 198
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Watch 9 Fintech Startups Pitch at Techstars & Western Union Demo Day (Oct 2020)

Fintech Labs Insights

Description: Alternative credit scoring and lending in emerging markets. Target customers: Millennials. Metrics: – LOIs with 3 major non-profits – $80M of aid payments already committed – Another $87M in pipeline – 1% global market share BEFORE full launch. HQ: Oakland, CA. Pentina 4-minute pitch @Techstars.