Tagged: consumer lending

May 30, 2021 @ 6:33 pm By Omar Faridi  |  

India has a GDP of about $3 trillion which is relatively small when compared to the size of its population (estimated to be around 1.5 billion). There are also many unbanked and financially underserved consumers and businesses across the country. India also does not have… Read More

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

February 14, 2021 @ 5:28 pm By Omar Faridi  |  

India-based consumer lending firm MoneyTap has reportedly decided to expand its business operations to include Buy Now, Pay Later (BNPL) services. MoneyTap said its new BNPL solutions will aim to provide more accessible, affordable, and 0% (equated monthly installments) EMI options to Indian consumers. MoneyTap… Read More

February 4, 2021 @ 3:05 pm By Samantha Hurst  |  

Marlette Funding, LLC, an online consumer lending platform, service provider, announced on Thursday it is expanding its Best Egg suite of lending products, including the addition of a new credit card program in 2021. According to Marlette Funding, the new Visa credit card will offer… Read More

January 27, 2021 @ 11:49 am By Samantha Hurst  |  

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Tuesday its annual study revealed the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years,… Read More

January 10, 2021 @ 9:28 pm By Omar Faridi  |  

Citi and Grab, which is Southeast Asia’s super app, have extended their partnership in consumer lending with the introduction of the bank’s API-powered lending solution for consumers in the Asia Pacific (APAC) region. Starting off in Singapore with additional markets in the APAC region to… Read More

October 23, 2020 @ 6:27 pm By Omar Faridi  |  

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of India’s fastest-growing Fintech businesses, has confirmed that the company has teamed up with Apple (NASDAQ:AAPL)  to “drive affordability” in India. Chapman noted: “Until now Apple products were relatively unaffordable for the mass… Read More

September 18, 2020 @ 7:33 pm By Omar Faridi  |  

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More

August 5, 2020 @ 10:22 pm By Omar Faridi  |  

Southeastern Asian ride-hailing service, Grab, has extended its business into the financial services sector, by introducing a micro-investment platform, a third-party loan service, and also a “Buy Now, Pay Later” product for digital commerce sites. Introduced in August 2020, AutoInvest allows consumers based in Singapore… Read More

August 1, 2020 @ 12:12 pm By Omar Faridi  |  

Mintos, a global loan marketplace, has reported had a record year for new investors and platform lending.  Mintos has operations across Europe as well as Africa, Asia and the Americas. The peer to peer (P2P) lender revealed that it financed €2.8 billion in loans via… Read More

June 19, 2020 @ 8:56 am By Omar Faridi  |  

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

June 12, 2020 @ 6:25 pm By Omar Faridi  |  

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

March 10, 2020 @ 11:27 am By Samantha Hurst  |  

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

March 7, 2020 @ 8:51 pm By Omar Faridi  |  

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

January 29, 2020 @ 2:40 am By Omar Faridi  |  

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

September 8, 2019 @ 4:33 pm By Omar Faridi  |  

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

August 22, 2019 @ 10:20 pm By Samantha Hurst  |  

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

May 19, 2017 @ 4:29 am By Erin Hobey  |  

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

January 17, 2017 @ 5:14 am By Erin Hobey  |  

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

February 24, 2016 @ 2:54 am By Midori Yoshimura  |  

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