Tagged: credit

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

CircleUp Rolls Out New Credit Advisors Affiliate

CircleUp, an investment crowdfunding platform that targets early stage consumer product companies, announced on Wednesday the roll out of its new credit advisors affiliate. The platform revealed that through CircleUp Credit Advisors approved companies may receive revolving lines of credit that are backed by their… Read More

Data Science & Mobile: Looking Through the Lens of Mobile Financial Services the Results are Transformational

Pretty much everyone has a smartphone these days. Either iOS or Android, we carrying our mini-computers with us everywhere, purchasing, reading, socializing, working and more. All day long. The data potentially captured by a smartphone is profound. There are many products and services that stand… Read More

Equifax Canada Announces Risk Reveal to Help Empower Businesses Achieve Better Credit Decisions Faster

Equifax Canada announced last week the launch of its Risk Reveal, which is said to help businesses achieve better credit decisions at a faster rate. The fintech company stated that by combining the depth of two credit databases into one solution, the new feature would… Read More

Elevate Announces Two Customer Financial Progression Milestones

Elevate, a provider of innovative online credit solutions for non-prime consumers, announced on Wednesday it has achieved two major customer financial progression milestones.  According to Elevate, over 55,000 customers using its RISE product have improved their credit scores and more than 20,000 RISE customers are… Read More

PwC Studies German Risk Management, Utilizes Auxmoney to Determine Private Lending Market Potential

Credit marketplaces such as auxmoney ensure that up to 4.3 million more people get access to credit, as would be the case via conventional lenders like banks, according to a recent PricewaterhouseCoopers study. PwC investigated the effects of new forms of risk assessment with its complementary, digital… Read More

Fintech BlueVine Now Offering Flex Credit to Small Businesses; Appoints Google Capital’s Ana Sirbu as Vice President of Finance and Strategy

BlueVine, an online provider of working capital financing to small businesses, announced on Thursday it was now offering “flex credit” for companies to obtain a revolving business line of credit. According to BlueVine, flex credit offers companies a business line of credit between $5,000 and $30,000 with simple, transparent… Read More

Avant-Acquired ReadyforZero Announces New Free Credit Monitoring For Personal Financing Tools

ReadyforZero, a company that was acquired by marketplace lender Avant, announced on Monday that that free credit monitoring is now available to all users with personal financial tools. With this new feature, users can manage both their personal debt and credit from a single web and… Read More

Brief: RCS Capital Forms Agreement With Lenders to Covenant Modifications

RCS Capital Corporation (NYSE:  RCAP) (“RCS Capital”) announced on Tuesday that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications. Michael Weil, Chief Executive Officer of RCS Capital, commented: “We… Read More

Funding Circle’s Sam Hodges Presents at the House Committee on Small Business​ Hearing

In a Wednesday hearing titled “Bridging the Small Business Capital Gap: Peer-to-Peer Lending,” Funding Circle‘s co-founder and managing director Sam Hodges presented to the House Committee on Small Business​. According to the committee’s website, “The purpose of the hearing was to examine the rise of peer-to-peer lending platforms… Read More

Caregiver Mortgage Helps Relatives Crowdfund Home Equity Lines of Credit

A new type of mortgage launched by National Family Mortgage, a Massachusetts-based marketplace for peer-to-peer loans, is offering a homeowner’s own family, rather than a bank, the chance to receive tax-free cash borrowed against a home equity line of credit (HELOC), according to a recent story in the Washington Post…. Read More

LendingTree Says Borrowers Can Save Big by Comparison-Shopping Personal Loans (Infographic)

Online loan marketplace LendingTree has launched an ongoing study to track the range of Annual Percentage Rates (APRs) on personal loans offered to prospective borrowers on its marketplace, highlighting the money-saving benefits of comparison shopping for loan products. In the third quarter, borrowers with a… Read More

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