Tagged: consumer lending

Robocash Initiates Pre-IPO Funding Round to Help Launch a Digital Bank in the Philippines, Also Preparing for $100 Million IPO in December 2020

The Robocash Group, a multinational financial group that offers consumer alternative lending and marketplace funding in European and Asian markets, has reportedly initiated a pre-IPO funding round to help finance the planned launch of its digital bank in the Philippines. Founded in 2013 in Russia… Read More

Fintech Firms Must Properly Manage Cash Flow, as COVID-19 Is Making it Challenging to Assess Credit Risk, Monedo CEO Says

David Chan, CEO at Monedo (previously Kreditech), a point of sale (PoS) lender that claims to have more than one million customers who have reportedly received over 2 million loans (as of March 2020), says that the online lender has a global addressable market of… Read More

Finmkt Partners With Secure Payment Systems for New Consumer Lending Solution

FinMkt, Inc., a U.S.-based provider of technology and infrastructure for the online lending industry, announced on Tuesday it has teamed up with Secure Payment Systems to integrate EZPAY Advantage, Secure Payment Systems’ retail and e-commerce consumer lending solution to FinMkt’s multi-lending consumer financing point of… Read More

Pine Labs Partners ZestMoney, a Leading Consumer Lending Fintech in India, to Offer In-Store Digital Equated Monthly Installment Options

Pine Labs has teamed up with ZestMoney, a leading consumer lending Fintech firm based in India. Through the partnership, the companies will offer in-store digital equated monthly installment (EMI) options to “new-to-credit” customers via Pine Labs’ Plutus and Plutus Smart point of sale (PoS) devices. … Read More

India-based Consumer Lending Firm MoneyTap Secures $7 Million via Series B Equity and Debt Financing Round

India-based consumer lending firm MoneyTap has secured around $7.14 million through a  Series B equity and debt financing round from investors, including Aquiline Technology Growth (ATG), RTP Global and Sequoia India. Additionally, several Korea and Japan-based investors took part in the round. Existing investors Prime… Read More

Crypto Consumer Lending Firm Celsius Has $1 Billion in Digital Assets Deposited with BitGo

The initial coin offering (ICO) craze of 2017 and early 2018 helped generate billions of dollars for blockchain startups throughout the world. However, many ICO projects were scams or did not lead to the development of useful products. London-based Celsius is among the very few… Read More

Consumer Lending App Tala Secures $110 Million Through Series D Funding Round Led By RPS Ventures

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Tala, a U.S.-based consumer lending app in emerging markets, announced this week it secured $110 million through its Series D funding round, which was led by RPS Ventures, with participation from GGV Capital and previous investors including IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest… Read More

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. Founded in 2012, Dianrong originates… Read More

Stable Growth, Multiple Awards: China Rapid Finance Named to Hurun Report

China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s inclusion on the list reflects the company’s stable growth in consumer… Read More

Brief: loanDepot Launches Product And Consumer Experience Team

loanDepot on Wednesday announced the launch of its consumer experience and product development team with the appointment of Tim Von Kaenel as chief product officer, Rick Medeiros as chief digital officer and Helen Wang as head of consumer experience, according to a recent press release. The appointment… Read More

Let’s Get Together: Crowdfunding Portals Bring in the Bucks

Coming from the consulting group Deloitte Touche are their Tcchnology Media and Telecommunications (TMT) predictions for 2013. Crowdfunding and the revolutionary potential of this new industry is a focus of part of Deloitte’s prognostications. There was a previously released version of this report earlier this… Read More

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