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August 20, 2022
Finance Technologies

Welsh neobank Chetwood Financial unveils second lending product

Chetwood Financial, a Welsh challenger bank led by former HSBC banker, Andy Mielczarek, has launched its second lending product to target a wider pool of consumers. Its first lending product, LiveLend, is targeted at those with significant room to improve their credit scores, dynamically re-adjusting as a customer’s score improves. Its annual percentage rate (APR) ranges from 11-39% Newly launched, BetterBorrow, is targeting “a slightly better credit mix” compared to LiveLend, the challenger’s commercial director Julia McColl tells FinTech Futures. “So many [payday] lenders have pulled out of the market,” says McColl. “And bigger players are trying to serve all…
Welsh neobank Chetwood Financial unveils second lending product

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