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August 22, 2016 09:54 pm GMT
Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oJZa2yR4Shw/
LendUp fights big banks with $47M for compassionate credit cards
Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/oJZa2yR4Shw/
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