Financial Archives - Payments 101

As Americans Face Economic Strain, VCs are Investing $230 Million in Alternative Credit

By payments101|2020-10-29T21:53:40+00:00October 29th, 2020|Financial, International, Payments|

Before we get back to the history and workings of credit cards, I thought it would be interesting to catch up on an emerging trend, that of "alternative credit." Background On September 24, 2020, Petal announced a $55M Series C led by Peter Thiel’s Valar Ventures. Petal requires no credit history to quality for its [...]

Payments 101, Part 1 – The Five Actor Model

Payments has been a rapidly evolving space over the past 20 years, and many companies have sought to get into it, even as the incumbents seek to evolve and expand their offerings. I have noticed, however, a lack of resources to get new employees up to speed on how different payment methods work. The purpose [...]