FICO changes could lower the credit score of millions of Americans, raise others

FORT MYERS Another change is coming soon to how credit scores are calculated. The Fair Isaac Corporation (FICO) is a credit score reporting company that provides a score to judge your creditworthiness for lenders. The Wall Street Journal[1] is reporting the changes could affect the score of millions of Americans, making it harder to get loans. It’s anticipated the scores...

READ MORE FICO changes could lower the credit score of millions of Americans, raise others

Brex Scores $200M Credit Line

Share Share Share Share Print Email [1][2][3][4][5][6] San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. 12).[7][8] Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries. The...

READ MORE Brex Scores $200M Credit Line

Brex Signs $200M Debt Capital Raise

SAN FRANCISCO–(BUSINESS WIRE[1])–Brex, the financial technology company that helps ambitious companies scale, today announced a $200 million debt capital raise to help continue the rapid expansion of Brex’s ecommerce product. The capital comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate charge card receivables. This is Brex’s second warehouse line of credit...

READ MORE Brex Signs $200M Debt Capital Raise

Brex Launches First Corporate Card for Ecommerce

SAN FRANCISCO–(BUSINESS WIRE[1])–Brex[2], the first corporate card for startups, today unveiled a first-of-its kind credit card specially designed to help ecommerce businesses grow. The first corporate card for ecommerce enables online brands and retailers to bypass the problems of legacy banking systems and delivers a product that is fast, has far greater functionality and is much simpler to manage than...

READ MORE Brex Launches First Corporate Card for Ecommerce

Generated by Feedzy