Tagged: credit

Frédérick Lavoie from Flinks Comments on Latest Fintech Trends Including Open Banking, BNPL

Open Banking is the “future of banking,” according to an update from alternative investment platform YieldStreet. The team at YieldStreet has explained how Open Banking can impact your banking experience. In an episode of The Yield, Yieldstreet CFA Peter Kerr was joined by Frédérick Lavoie… Read More

Fintech Service Provider Menta Chooses Agora Services to Introduce Credit Builder Loan Platform

Menta, a Fintech service provider streamlining access to credit for the underbanked consumers, has reportedly chosen Agora Services to introduce its credit builder loan platform. The underbanked segment represents over 100 million US residents who are considered disadvantaged because of the shortcomings of the traditional… Read More

Bosonic Tackles Counterparty Credit, Settlement Risk in Digital Asset Markets

  Bosonic’s layer 2 blockchain infrastructure will be a clear player in digital asset markets because it addresses the key issues of counterparty credit and settlement risk, founder and CEO Rosario Ingargiola said. The company draws from Ingargiola’s two decades of experience with building algorithmic,… Read More

India’s GyanDhan Gets Regulator Nod to Disburse $87 Million in Loans

GyanDhan, a Fintech facilitating education loan in India, has received an NBFC license from the banking regulator Reserve Bank of India to start disbursing credit as the country slowly recovers from the Covid-triggered crisis. Following the permit, the company aims to disburse $87 million worth… Read More

Brazil’s Nubank pumps in $45 mn in yet-to-be-launched neobank Jupiter

Brazil-based Nubank has led a $45 million Series B funding round in yet-to-be-launched Indian neobank Jupiter. Global Founders Capital, Matrix Partners, and Sequoia Capital also participated in the round along with existing investors Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound, and Beenext. Founded by Jitendra… Read More

Education Loans Facilitator Credenc Receives $25 Million from Capital India

Capital India, a financial conglomerate, has invested USD 25 million in a mix of equity & debt in Credenc, a fintech-focused on education loans. With this investment, Credenc is looking to build a loan book of $400 million by 2025.  The New Delhi-based Credenc, founded… Read More

Harmonised EU Framework for Consumer Credit May Impact Crowdfunding Platforms

Recently, the European Commission distributed a proposal pertaining to the harmonization of consumer credit. The proposal is being reviewed in light of the advent of the digitization of consumer credit. To quote the factsheet distributed by the Commission: “Consumer credit helps consumers finance all sorts… Read More

Indian Fintech StashFin Bets Big on Credit Line Cards, Growing 20% monthly

Indian neo-banking startup StashFin is betting big in the credit-starved nation with its innovative ‘credit line’ cards that could disrupt the digital lending ecosystem of the country. The fintech, which raised $40 million in Series B from a clutch of global investors in April this… Read More

Credit underwriter Zest AI raises $18 million from lender VyStar Credit, others

Tech-based credit underwriter Zest AI has raised around $18 million in a round led by mortgage lender VyStar Credit Union, First National Bank of Omaha, and Northgate Capital. Zest, a leader in artificial intelligence, would use the funds to accelerate the adoption of its existing… Read More

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

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