Content Deep Dive
How Petal reduced portfolio risk by 30%
Blog post from Plaid
Post Details
Company
Date Published
Author
Mehreen Iqbal
Word Count
194
Company Posts That Month
Language
English
Hacker News Points
-
Post removed?
No
Source URL
Summary
Petal, a fintech credit startup, aimed to address the limitations of traditional credit scores by using cash flow data to underwrite credit cards. The company partnered with WebBank to issue its cards and developed Plaid to securely share banking data among applicants. This innovation seeks to unlock access to credit for millions of Americans without traditional credit scores.
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