The Petal mission
At Petal, we're using fresh thinking & cutting-edge technology to make credit honest, simple & accessible. We use machine learning to analyze more data in our credit decisions, which means more people qualify, even if they've never had credit before. And we use behavioral science & smart, intuitive design to offer a simple, customer-centric product that's engineered to achieve better financial outcomes -- with straightforward terms & no fees whatsoever. The result is an exciting new approach to credit that has the potential to radically expand credit access & improve the lives of millions of consumers, shaking up a trillion dollar industry in the process.
To do this, we're bringing together exceptional talent from across disciplines & industries to shape the future of financial services & improve the lives of our customers in a meaningful way.
Fraud & Risk
One of the key distinctions of Petal is our cashflow underwriting model. In order for us to offer those who are new-to-credit access to credit, we can't rely on the traditional scores generated by credit bureaus; instead, we use an applicant's checking account behavior to assess creditworthiness. This enables us to approve the underserved population of credit invisibles', helping them on their way to financial health. With our innovative model comes more opportunity for fraudulent & criminal behavior, & that's why we need to bolster our Fraud team.