New Fintechs Help Unbanked Immigrant Communities

When immigrants come to the U.S. they are starting at zero when it comes to a credit profile and that means most are cut off from the traditional financial system; this leads to decisions of borrowing from friends and family or gaining access to extremely expensive credit; new fintechs like Deserve, Stilt and Petal are now aiming to help the unbanked, immigrant and U.S. based; their firms use AI and machine learning to provide credit based on cash flow and bill payment data; the companies also provide rewards as FICO scores go up so people can get credit for improving their financial lives. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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