Mark Cuban-Backed Subprime Card Startup Raises $50 Million
PositiveTechnology

A new startup backed by Mark Cuban has successfully raised $50 million to provide credit options for consumers with low credit scores, typically below 600. This is significant because it addresses a critical gap in the market where individuals often face limited access to affordable credit, relying instead on high-interest payday loans. By offering a subprime card, the startup aims to empower these consumers and improve their financial situations.
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