Stilt

Other fintechs focused on serving immigrants include Welcome Tech and TomoCredit, which have attracted investment, although Stilt differentiates itself by being singular in giving access to loans. To make loans accessible, Stilt doesn’t require co-signers or charge prepayment fees. Instead, it assesses a ‘holistic profile’ that documents indications of financial responsibility.

Stilt has been making waves in the industry, with its annual revenue growing 4x in 2021, and headcount growing by 3x. Using recent Series A funding, Stilt plans to increase the pace of product development, launching new products and features, such as its most recent endeavour, Onbo, a credit-as-a-service provider enabling businesses to build its own credit product without needing a bank sponsor.