Tagged: coronavirus

April 29, 2020 @ 12:15 pm By JD Alois  |  

  Earlier this month, Latvia-based peer to peer lender Grupeer announced it was pausing operations due to the COVID-19 pandemic. In a blog post, Grupeer founder Alla Kiska stated said that the Coronavirus had compelled the platform to halt operations as before and told investors… Read More

April 28, 2020 @ 3:13 pm By JD Alois  |  

The Small Business Administration (SBA) has processed $48.5 billion in the first 24 hours of the second round of the Paycheck Protection Program (PPP). The SBA lending platform has struggled to maintain pace of the demand and crashed during the early hours as banks and… Read More

April 28, 2020 @ 11:58 am By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined forces with wellness industry technology platform, Mindbody, to expedite relief funding through the Paycheck Protection Program (PPP) to small businesses that are struggling during the COVID-19 pandemic. According to Lendio, Mindbody’s software solution links hundreds… Read More

April 28, 2020 @ 10:10 am By JD Alois  |  

Christian Faes is the founder and Chairman of one of the most successful Fintechs in the UK. While there may be better-known names in the Fintech world, LendInvest, a property finance platform, has emerged as a leader not only in the sector of finance it… Read More

April 27, 2020 @ 11:14 pm By Omar Faridi  |  

Storj, a decentralized data storage network, has introduced a program that offers free cloud storage space to organizations taking part in Coronavirus (COVID-19) research. Storj’s program has been launched after contributions were made by blockchain industry participants toward the decentralized scientific research network, Folding@Home. The… Read More

April 27, 2020 @ 9:18 pm By Omar Faridi  |  

In the South American country of Argentina, where most people prefer to make cash payments, a strict nationwide lockdown (due to COVID-19) has forced local consumers into considering digital banking and online payments options. Before the Coronavirus-related lockdown went into effect on March 20, 2020,… Read More

April 27, 2020 @ 7:09 pm By JD Alois  |  

Wefunder, a FINRA regulated funding portal, continues to take the COVID-19 pandemic in stride, according to a series of tweets fromr the company and its representatives. In fact, the company reports “relatively little impact” from the virus while simultaneously reporting 20 different campaigns are finishing… Read More

April 27, 2020 @ 11:15 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Monday it has helped funnel more than $75 million in loan applications to lenders for the Paycheck Protection Program (PPP) established by the CARES Act, through its extensive network of lenders and Lantern, the product comparison site operated by SoFi…. Read More

April 27, 2020 @ 7:51 am By Omar Faridi  |  

  The Swiss Crypto Valley Association, a Fintech and blockchain-focused organization based in a region located near Zurich, is reportedly asking Switzerland’s government to provide CHF 100 million (appr. $102.7 million) in relief funding. This fund, if approved, would help with bailing out crypto and… Read More

April 26, 2020 @ 10:40 pm By Samantha Hurst  |  

Credibly, a small and medium-sized business lending platform, announced on Friday it has been named an Approved Lender for the Paycheck Protection Program (PPP). As previously reported the U.S. Senate passed $484 billion in new pandemic relief funds to provide additional funding to the PPP… Read More

April 26, 2020 @ 8:50 pm By Omar Faridi  |  

India-based Datacultr, a platform as a service provider that allows consumer lending firms to significantly reduce their risk on “new to credit”​ customers, confirmed that it will be enabling banks, non-banking financial companies (NBFCs), and other financial service providers to lend securely while reducing risk… Read More

April 26, 2020 @ 8:35 pm By Omar Faridi  |  

Michael Hoare, chief credit officer at UK-based RateSetter, a leading peer to peer (P2P) lender,  recently explained what impact the Coronavirus (COVID-19) pandemic could have on the lending market and what it might mean for credit risk. Hoare is tasked with overseeing the management of… Read More

April 26, 2020 @ 8:32 pm By Omar Faridi  |  

Adyen NV, a leading Fintech company that handles payments for large firms such as Uber Technologies and E-Bay, recently revealed that its business and revenue increased by more than a third (or 33%) during the first quarter of 2020. Adyen pointed out that it posted… Read More

April 26, 2020 @ 8:18 pm By Omar Faridi  |  

Ping An Insurance Group, China’s largest insurance and logistics conglomerate, has released its Q1 2020 financial results for the three months ending on March 31, 2020. Ping An’s management noted that they are coping with the Coronavirus (COVID-19) outbreak by adopting measures which include a… Read More

April 26, 2020 @ 7:01 pm By JD Alois  |  

  The British Business Bank has announced multiple new lenders added to the Coronavirus Business Interruption Loan Scheme (CBILS). Today, the British Business Bank has revealed the approval of the Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF. These four lenders will join… Read More

April 26, 2020 @ 5:05 pm By Omar Faridi  |  

An increasing number of consumers are now staying indoors and working from their homes, due to the deadly and highly contagious Coronavirus (COVID-19) outbreak. There’s reportedly been a steady growth in digital wealth and online banking solutions and services are increasingly being used, even by… Read More

April 26, 2020 @ 2:37 pm By Omar Faridi  |  

The largest financial institutions in Canada have reportedly spent over $71 billion (appr. C$100 billion) on technology since the financial crisis, in order to accommodate an increasing number of customers who now prefer to use digital banking platforms. According to several reports, the Coronavirus (COVID-19)… Read More

April 26, 2020 @ 10:25 am By Omar Faridi  |  

N26 Inc., the US-based subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, has published its global and US-specific research report, which reveals the impact that the Coronavirus (COVID-19) pandemic has had on the neobank’s finances. The all-digital bank reportedly… Read More

April 26, 2020 @ 9:23 am By Omar Faridi  |  

San Francisco-based AppsFlyer, a software-as-a-service (SaaS) mobile marketing analytics and attribution platform, reports a 22% increase in in-app purchases during the past two weeks. This, as US residents have begun to rely even more on their mobile devices while being stuck at home due to… Read More

April 25, 2020 @ 8:00 pm By Omar Faridi  |  

Rajashekara Visweswara Maiya, vice president and head of business consulting, cloud and blockchain efforts at Finacle, the developer of a financial software system used by large banks across the globe (serving over 1 billion people), recently shared his views and insights with Crowdfund Insider. Finacle… Read More