Thursday, September 28, 2023

Arro Launches Fintech Startup

Los Angeles-based Arro says it has launched a new, fintech startup focused on consumer credit, and now is available on all of the major app store platforms. According to the company, its credit card is now available to the public, offering up "fair credit accessibility", via a new credit card which it says uses "alternative machine learning underwriting" to approve customers who have been denied by other lenders. The company said it also is in a strategic partnership with AI credit monitoring tool provider Dovly. Arro says it is targeting approximately 150 million Americans who it says are "locked out of mainstream credit access."