In a move that it said was “temporary,” Baltimore fintech startup Blispayhalted lending through its credit card that is designed to provide financing for store purchases. That means users cannot currently make purchases using the credit card.
In the Wednesday, November 21, blog post, CEO Greg Lisiewski cited demand as the reason.
“Due to tremendous demand, we’ve found ourselves in the position of needing to temporarily suspend lending in order to give us time to catch up with our growth,” he wrote. “We are working diligently to resume lending to new and existing customers as soon as possible.”
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