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44 Fintech Lenders are Still Learning the Hard Way

The Information
Ann Gehan @ The Information 2 place · today 12:41 EDT

Fintech Lenders are Still Learning the Hard Way

The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding boom. These startups often adopted a common playbook of zeroing in on a subset of small businesses to offer attractive short-term credit options. Parker focused on lending to

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