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Stock impact report

The Start-Up Offering Credit to Other Start-Ups [The New York Times]

Fair Isaac Corproation (FICO) 
Last fair isaac corproation earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: fico.com/en/investor-relations
When Felix Steinmeyer launched his Fintech start-up Mason Finance in October 2017, he soon faced an annoying — and puzzling — dilemma. Although the 31-year old had raised several million dollars in financing from venture capital powerhouses like Kleiner Perkins and DCM, and his business was tapping a potentially lucrative piece of the billion-dollar life insurance market, he couldn’t get a corporate credit card to handle day-to-day working capital needs. Credit card companies didn’t want to risk extending a card to a new business that had no revenue or cash flow, and whose founder had no history as an entrepreneur. “I tried at least four credit card companies and had zero success,” said Mr. Steinmeyer, Mason Finance’s chief executive. Then Mr. Steinmeyer discovered Brex, a company that teamed with Sutton Bank to offer corporate Visa credit cards to start-ups that have no history or Fair Isaac Corporation (FICO) credit scores to assess risk. “It helped us to gr Show less Read more
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