Petal Payments

Petal is designed to help consumers learn how to manage their first credit card

Description of service

Petal is designed to help consumers learn how to manage their first credit card and offers a digital-first experience that is in line with the expectations of younger consumers. Petal has developed “Cashflow Underwriting”, a new technology platform that analyzes, in real-time, an individual’s digital financial record. Cashflow Underwriting is different from traditional credit scoring, using a mixture of machine learning and common sense to analyze an individual’s digital financial record.

Consumer

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