Who wants some Apple Pie?

Fifth Third Bancorp has announced its plan to back fintech firm ApplePie Capital, “which extends credit to people starting franchises of chains,” reported the Wall Street Journal. The bank has taken an equity stake “as part of a $16.5 million venture round this month, and exploring potential purchases of loans from ApplePie.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s