Tagged: credit

Indian Fintech Jai Kisan, which Aims to Offer Credit to Financially Underserved, Secures $30M via Series A

India-based Jai Kisan, a Fintech startup that is focused on bringing modern financial services to the country’s rural areas, where commercial banking institutions have very low penetration rates, revealed on Monday (May 31, 2021) that it had acquired $30 million in capital through a new… Read More

Private Credit Marketplace Finitive Appoints Andrew Holgate to Manage Expansion into Europe

  Finitive, a fintech platform that connects institutional investors with alternative lending investments, announced on Monday it has appointed Andrew Holgate to lead its European initiatives as the Managing Director – Head of Europe.  According to Finitive, Holgate brings 20 years of operational and lending… Read More

Private Credit Marketplace Finitive Receives Investment from Sterling Bancorp

  Finitive, a fintech platform that connects institutional investors with alternative lending investments, announced on Wednesday it received an investment from Sterling Bancorp (NYSE:STL). Founded in 2017, Finitive claims to be the leading data-driven private credit marketplace. The U.S.-based tech-enabled platform stated it provides institutional investors… Read More

Overfunding: Social App Lendonomy Quickly Surpasses 150,000 Funding Target on Seedrs

  Lendonomy, a social app that builds globally valid credit profiles on blockchain, has quickly raised its initial 150,000 funding target through equity crowdfunding platform Seedrs. Founded in 2018, Lendonomy is a mobile-based social network for money with the P2P lending core, designed specifically for… Read More

Varo Bank Unveils New Program “Varo Believe” to Help Americans Build Credit

Digital banking group Varo Bank announced on Thursday the launch of Varo Believe Program, which is described as an innovative credit building product that includes a Visa credit card and credit monitoring. According to Varo, the Believe Program is aimed at the 45 million Americans who… Read More

SIA Signs Agreement with WizKey to Negotiate SME Credit Using Blockchain

SIA, a subsidiary of CDP Equity – a holding company of Cassa depositi e prestiti Group that is a digital payments provider and tech-solution for financial services, has signed an agreement with WizKey to launch a platform available to banks, funds, and financial operators to negotiate… Read More

Galileo Joins Forces With TomoCredit to Introduce Credit Card for Consumers Lacking Credit History

    U.S. fintech Galileo announced on Tuesday it has joined forces with TomoCredit to launch a new credit card specifically for consumers lacking a credit history. The company claims the new card is considered the only credit card that does not require a credit… Read More

Australian Marketplace Trade Credit Platform Marketlend Announces Expansion of Asia Division with New Appointment of Andrew Ross

Australia’s marketplace trade credit platform Marketlend recently announced it has expanded its Asian division by appointing Andrew Ross to lead origination and insurance endeavors for Marketlend throughout Asia. Ross will notably assist Marketlend to expand its presence in trade commodities, insured backed discounted trade credit… Read More

TotallyMoney Milestone: Signs Up Three Million Customers in Less Than Three Years

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Wednesday it has signed up its three millionth customer since its launch in 2017. This news comes just a… Read More

Interest-Free Buy Now, Pay Later Platform Laybuy Partners UK’s WHSmith to Offer Convenient Payment Plans

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

SoFi Joins Forces With Mastercard to Offer Suite of Products & In-Person Experiences to Nearly One Million Members

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More

Fintech: How Real-Time Financial Data Can Help Small Businesses in a Crisis

On October 19, 2019, Chile’s capital city of Santiago was in flames. What started as a student movement to evade subway fares has since launched into a widespread movement against socioeconomic inequality that has swept, and in some cases paralyzed, the country for well over… Read More

Monzo Now Reporting to Experian

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your… Read More

Democrats on House Financial Services Committee Forward Letter to GAO Inquiring About Alternative Data and Access to Credit

Democrat members of the House Financial Services Committee have sent a letter to the Government Accountability Office (GAO) inquiring about the usage of alternative data by lenders and credit agencies. Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee, Congressman Al Green (D-TX), Chair of the… Read More

Curve Appoints New Day Founder Paul Harrald to Head Up New Credit Business

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Friday it has appointed Paul Harrald, a founding member of SAV Credit, now New Day, to lead the new Curve Credit Business. According to Curve,… Read More

Chase Announces New Contactless Visa Credit Cards

Just a few months after announcing its contactless debit card access to 15,000 ATMs nationwide, financial services giant Chase announced the launch of its new contactless Visa credit cards. The company reported that starting at the end of this year, customers will receive new contactless… Read More

N26 Launches New Flexible Business Accounts for Freelancers “N26 Business Black”

N26

German digital bank N26 announced last week the launch of its new flexible business accounts for freelancers called N26 Business Black. According to N26, the N26 Business Black comes complete with comprehensive trip insurance from Allianz and users may travel worry-free with foreign medical cover based on… Read More

OnDeck Announces $100 Million Revolving Credit Facility Closing

Online lending platform for small business OnDeck announced last week the closing of a $100 million asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a life insurance company managed by 20 Gates Management. According to OnDeck, the new facility provides the longest revolving funding… Read More

Nova Credit Teams Up with TransUnion to Serve Canada’s Creditworthy Newcomers: Applies Foreign Credit Score to New Home

Nova Credit, based in San Francisco and backed by Index Ventures, First Round Capital, NYCA and Core Innovation Capital, has partnered with Transunion to serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history…. Read More

Elevate’s RISE Product Now Offering Lines of Credit in Tennessee

Elevate Credit, Inc., a tech-enabled provider of online credit solutions for non-prime consumers, announced on Wednesday its RISE product is now offering lines of credit in the state of Tennessee. This news comes just after the product’s successful line of credit launch in Kansas and it makes Tennessee the 17th state that… Read More

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