Fintechbits

Topic

Lending news

Lending covers who is extending credit, on what data, and what happens when it goes wrong. Fintechbits follows the underwriting models behind consumer and small-business credit, the shift of origination away from banks toward platforms, and the delinquency and charge-off numbers that show whether a book was priced correctly. Buy now, pay later sits here, including the disclosure fights over how its costs are presented. Coverage includes Affirm, Klarna, Upstart, SoFi and the credit bureaus and data providers they rely on, plus the regulators deciding what an explainable credit decision looks like. Where a story is about moving the money rather than deciding who gets it, it belongs under payments.

Latest developments

In October, Stripe agreed to buy Parafin, the embedded lender behind credit offers for DoorDash, Gusto, Jobber and Mindbody, and signed a partnership with FedEx that uses shipment data for small-business lending from early 2027. In mortgages, Valon's Series D values its servicing platform at $2.3 billion, while Wells Fargo has renewed with ICE to run its whole servicing book on MSP. Wayfair has renewed with Klarna and added six-month interest-free financing across its brands.

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Latest lending coverage

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