The demand for alternative credit is growing daily.
No longer is the classical approval/rejection system working for the demographics applying.
Millennials and Gen-Z shoppers are moving away from CCs to split payments & Alternative credit providers like @PayWithFour
Credit card applications nearly have been cut in half in 2020 while rejections have doubled vs. 12 months ago.
A stumbling credit card business puts ~25% of Citi's and J.P. Morgan Chase's revenue at risk.
@mikulaja The Chime toggle feature that allows a card to be turned on/off at will seems to be creating an environment where providers aren't willing to accept it due to the inability to collect, however, allow it for complete payment.
Congratulations to our entire team at @Four - We have been acquired by Prog Holdings (NYSE:$PRG) 🎉 and are super excited about our future together!
We are hiring a range of roles in #Miami#miamitech and US Remote. Feel free to DM for more info.