Elevates AI and machine learning make it possible to lend safely to subprime borrowers and help them build a #credit history. It lends directly or through #banks which are taking a new look at this market as regulators reduce restrictions.
Financial Technology
EXCLUSIVE – #Elevate #Credit will launch a new credit #card #product that targets #subprime clients in June, for which the company has teamed up with #Mastercard. “One of the unique things about this card is that, unlike most subprime credit card products whose credit lines tend to be below $ 500, this one is significantly larger,” […]
Bank Innovation
EXCLUSIVE— Alternatives to the traditional #FICO #credit score have become a popular theme for emerging fintechs, but will it actually help consumers #improve their credit? Credit solutions provider #Elevate, however, will #focus on improving its customer’s relationship with their FICO score in 2018 as well as on alternative methods of scoring. “Consumers are more focused […]
Bank Innovation
It seems that the clouds have cleared for non-prime marketplace lender #Elevate. After delaying the pricing of its initial public offering in January of last year due to “market volatility”, Elevate filed its form S-1 with the SEC this morning, offering 7.7 #million shares, valued at $ 12 to $ 14 per share. The company’s CEO Ken Rees said […]
Bank Innovation
It’s been a brutal year for the #alternative #lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August. But the alternative lender #Elevate, a subprime specialist, is continuing to advance toward its IPO, and recently celebrated the hiring ofRead More
Bank Innovation
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