Startups raise $4B to serve those left out by the banks that are big

Monday, December 28, 2020

Startups raise $4B to serve those left out by the banks that are big

Not enough use of financial products—like bank cards, loans and deposit accounts—is an issue plaguing millions into the U.S. conventional finance institutions, like banking institutions and credit unions, be determined by credit history and Social protection figures (SSNs) when assessing candidates. Because of this, people who lack usage of these demands are kept without any leg to get up on.

In modern times, economic technology (fintech) organizations have started handling this underserved portion for the populace. Oftentimes, their efforts have actually drawn an amount that is substantial of and investors. To have better understanding of this growing trend, we surveyed startups which have entered the room. Read the rest of this entry »