Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Use Real-Time Bank Data for SMB Lending
Episode 96 digs into a quiet revolution in small business lending: using real-time bank transaction data instead of credit scores and tax returns. Lucas and Luna explore how fintechs like Kabbage (now part of American Express) and newer players like Novo and Brex use open banking APIs to underwrite businesses on the fly. They discuss the case of a bakery in Austin that got a $50,000 line of credit approved in under an hour based on six months of cash flow data, not a FICO score. The hosts also unpack the risks—privacy concerns, algorithmic bias, and what happens when a business's revenue…
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