Embedded lending provider, Momnt, won Fintech Nexus' 2023 PitchIt crown. Here's what swayed the judges vote.
While DeFi, could be powerful in improving lending, it has collateral limitations that on-chain reputation could solve.
Tala CEO Shivani Siroya not only points to the idea of building trust to grow a customer base but also belief in her instincts.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Union Credit's platform provides credit unions with new, credit-worthy members by aggregating consumer data and matching it with various credit union fields.
Although generative AI's development is a concern to some, its application to the lending sector could create even more access to credit.
'If you have the right business ball on the right day and in the right situation, there is capital going to certain companies'
'There are going to be a lot of M&As in the market. There's going to be a lot of innovation and focus on unit economics'
The investment, which was made in two parts, will serve to expand Kala's commercial and engineering team, as well as lay the groundwork to take its operations to other parts of LatAm.
The arrangement with QuickBooks sees iwocaPay become the UK's first B2B BNPL solution for cloud accounting software.