Petal CEO: Using Cashflow — Not FICO — To Issue Credit Cards
PYMNTS
APRIL 4, 2018
Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed. Instead, he noted, the tool is designed without fees, with a goal of making customers more likely to pay – and pay on time – by helping to educate them about how to be better financial managers on the whole.
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