Disrupting Credit Cards: A Q&A with LoanHero’s Kristin Slink

San Diego-based LoanHero recently disclosed that it has raised $1.7 million in seed funding to expand its software-based service for merchants. The technology offers consumers a variety of financing options when they are purchasing big-ticket items like furniture and home improvements.

The year-old fintech company said it also has secured a $20 million debt facility that will be used to fund loans originated on its system.

In a statement, LoanHero says it “often offers prime consumers interest rates lower than credit cards while also charging merchants lower transaction fees than the credit card networks.”

To read the full interview with Kristin click here.