Fintech

The bottom-line result of brands providing financial products to consumers creates a flywheel effect—the financial products not only generate revenue, but they lead to consumers spending more money on the brand’s products and services than they had before obtaining the financial product.

The bottom-line result of brands providing financial products to consumers creates a flywheel effect—the financial products not only generate revenue, but they lead to consumers spending more money on the brand’s products and services than they had before obtaining the financial product.

Nearly a quarter of respondents in a recent Credit Karma survey said that their total debt increased after using “buy now, pay later” services, which allow users to pay off purchases in installments over a few weeks.

The fintech industry continues to struggle with a gender gap that sees women making up just 30% of the fintech workforce.

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.