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Innovative Fintech Startup Raises $8 Million To Provide Credit for Underserved Americans

The company recently launched thecredit card Build that provides customers with an alternative to local payday lenders’ sky-high rates and, in the process, improve their FICO scores and build future capacity for credit.

The company’s credit products target subprime customers with credit scores of between 550 and 600, a group that’s largely been overlooked by the big banks. The Build card, which has been on the market for just 18 months, has issued $25 million in credit to nearly 50,000 customers.

The company does not aim to compete with mainstream financial institutions. Its goal, according to CEO Marla Blow, is “to serve the underserved Americans who are otherwise strapped of credit solutions.”

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