Vikram Pandit Bets Big on Credit Card Startup

The former Citigroup CEO is investing $100 million in Fair Square Financial LLC through his investment firm called Orogen Group; Fair Square focuses less creditworthy borrowers with scores between 600 and 700; Mr.Pandit believes this is a segment which continues to be underserved; Fair Square has provided $400 million in credit lines since November 2016 and has about 50 employees. Source

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