Financial Services

Despite breakups, a stalled IPO, and regulatory scrutiny, the financial group’s lending business remains lucrative.

It sweeps deposits and sells installment loans to its partners. But it’s hard to say if the model is sustainable—or transparent.

But the short-term benefits might not be enough to convince consumers it’s worth it.

The firm’s total processing volume increased 54% in the quarter. It plans to double down on embedded finance to sustain growth.