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Karta’s Credit Card Launch, Visa’s Onchain Push, and the Latest Q3 Earnings Recap
Plus, Visa builds the rails for onchain lending, SVB spotlights new openings for digital lenders, and Citi joins the credit card race with American Airlines.
Hey Toaster Readers,
This week is sponsored by our friends at Fintel Connect.
Fintechs are finding new momentum in credit and lending. Karta came out of stealth with a $5.4 million seed round and the first U.S. premium credit card for global non-residents, managed entirely through WhatsApp. Visa outlined its plan to build the rails for “onchain finance,” connecting traditional lenders to decentralized markets.
Silicon Valley Bank’s new fintech report shows credit tightening and delinquencies rising, yet digital lenders may benefit as consumers look for flexible refinancing options. Citi and American Airlines rolled out a new travel rewards card, and Rakuten is evaluating a U.S. IPO for its credit card unit.
You’ll also find fresh funding rounds and Q3 results from Wells Fargo, Amex, and JPMorgan in this week’s Growth Tracker: Earnings and New Investments.
Here’s what’s happening across fintech right now.
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