{"id":11776,"date":"2018-04-18T00:00:00","date_gmt":"2018-04-18T00:00:00","guid":{"rendered":"https:\/\/oportundev3.wpengine.com\/news\/startups-raise-4b-to-serve-those-left-behind-by-the-big-banks\/"},"modified":"2018-04-18T00:00:00","modified_gmt":"2018-04-18T00:00:00","slug":"startups-raise-4b-to-serve-those-left-behind-by-the-big-banks","status":"publish","type":"news","link":"https:\/\/oportun.com\/es\/noticias\/startups-raise-4b-to-serve-those-left-behind-by-the-big-banks\/","title":{"rendered":"Startups raise $4B to serve those left behind by the big banks"},"content":{"rendered":"
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by<\/span>\u00a0ROBERT HARROW<\/a><\/span>,\u00a0REBECCA WESSELL<\/a><\/span>,\u00a0CHRIS MOON<\/a><\/span>, and\u00a0RICHARD ZHANG<\/a><\/span><\/span><\/span><\/div>\n<\/header>\n<\/div>\n
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(Repost from Value Penguin<\/a>.)<\/div>\n
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Lack of access to financial products\u2014like credit cards, loans and deposit accounts\u2014is an issue plaguing millions in the U.S. Traditional financial institutions, like banks and credit unions, depend on credit reports and Social Security numbers (SSNs) when evaluating applicants. As a result, those who lack access to these requirements are left with no leg to stand on.<\/p>\n

In recent years, financial technology (fintech) companies have begun addressing this underserved segment of the population. In many cases, their efforts have attracted a substantial amount of funding and investors. To get better insight into this growing trend, we surveyed startups that have entered the space. During the course of our research, we examined both how much funding these firms attracted as well as the overall quality of the products they offer.<\/p>\n

Key Findings<\/strong><\/h4>\n