After two years of stealth technology development and $3.6 million in venture capital backing, New York City-based Petal has announced a credit card that uses machine learning to underwrite customers instead of traditional credit scores.
After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.
This nifty infographics, courtesy of MBNA, is a whistle-stop tour of credit wonder and woe over the last 4,000 years – from ancient Babylon to modern Britain – and what people had to do to get a little credit.
