Tagged: credit suisse

Credit Suisse Joins Forces With KLARA to Simplify Online Credit Requests for SMEs

Credit Suisse announced on Thursday it has joined forces with Swiss software provider KLARA to simplify online credit requests for SMEs. Credit Suisse reported that starting now, SMEs that use KLARA may submit online credit requests to its platform. “SMEs can thus directly submit their… Read More

OnDeck Announces Extension of Two Revolving Credit Facilities With Credit Suisse & Deutsche Bank

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

LendingUSA Secures Up To $100 Million in Debt Financing from Credit Suisse

Marketplace lending platform, LendingUSA, announced earlier this week the closing of a $50 million debt facility. Sector Financial, an affiliate of Credit Suisse provided access to the Credit Suisse debt facility, with an accordion for up to an additional $50 million. LendingUSA reported that the announcement follows… Read More

Kabbage Announces New $200 Million Asset-Backed Revolving Credit Facility With Global Financial Institution Credit Suisse

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Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced on Thursday its new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution. This news comes less than a month after Kabbage announced it and ING were extending… Read More

Huge: Mobile Lending Company WeLab Raises $220 Million with Backing from Alibaba

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

Credit Suisse Partners with Singapore based Fintech Firm Mesitis

Credit Suisse has announced, “enhancements” to its digital private banking platform in Asia by partnering with Fintech company Mesitis Pte Ltd to provide its clients the ability to access “Canopy”, an automated account aggregation platform and reporting solution through Credit Suisse’s digital private banking platform…. Read More

Big News for Prosper: Marketplace Lender Signs Agreement for $5 Billion in Loan Purchases from Consortium of Investors

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

Big Announcement for OnDeck: Receives $200 Million Revolving Credit from Credit Suisse

OnDeck (NYSE: ONDK) announced on Friday the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. The online lender revealed with the announcement it now may obtain funding under the new credit facility with Credit Suisse by accessing $125 million of committed capacity and an additional $75 million of… Read More

Strange Bedfellows: The Banks and the Start-Ups

In the beginning there was the crash, then came the innovation. The innovators, at least in the fintech space, wanted to disrupt, which was perhaps a euphemism for what they truly wanted to do: destroy. Many had been recently let go from the banks and… Read More

Former Goldman Sachs Employees Launch Neyber Consumer Lending Platform

Neyber has launched a new consumer lending program. The announcement comes on the heels of raising £6 million in a Series A funding round. The company raised £2.5 million in seed financing in 2015. Neyber is taking a slightly different approach to credit by offering low-interest… Read More

Marketplace Lending Platform Avant Closes $139M Asset-Backed Securitization Led by Jefferies; Secures $200M Credit Facility Led by J.P. Morgan & Credit Suisse

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

Prodigy Finance & Credit Suisse Launch World’s First Education Note

New Bond Facilitates Developing World’s Students’ Financial Access to Higher Education Prodigy Finance, the leader in international student lending, announced the launch of a $25 million Education Note in partnership with the Credit Suisse Impact Investing and Microfinance team, led by Patrick Elmer, Philanthropy Services & Responsible… Read More

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