Tagged: credit

July 19, 2021 @ 10:13 pm By Priyanka Pani  |  

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

July 16, 2021 @ 3:22 pm By JD Alois  |  

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

July 12, 2021 @ 11:45 pm By Priyanka Pani  |  

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

July 1, 2021 @ 2:19 pm By Priyanka Pani  |  

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

May 31, 2021 @ 7:46 pm By Omar Faridi  |  

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

May 24, 2021 @ 7:51 am By Samantha Hurst  |  

  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

May 19, 2021 @ 9:21 am By Samantha Hurst  |  

  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

April 11, 2021 @ 10:29 pm By Samantha Hurst  |  

  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

February 25, 2021 @ 8:23 am By Samantha Hurst  |  

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

January 26, 2021 @ 9:27 am By JD Alois  |  

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

December 15, 2020 @ 10:34 am By Samantha Hurst  |  

    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

November 30, 2020 @ 3:30 pm By Samantha Hurst  |  

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

February 20, 2020 @ 8:15 am By Samantha Hurst  |  

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

February 6, 2020 @ 1:20 pm By Omar Faridi  |  

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

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

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

January 22, 2020 @ 10:30 am By Andrés Abumohor  |  

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

January 19, 2020 @ 11:06 pm By Samantha Hurst  |  

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

January 16, 2020 @ 11:14 pm By JD Alois  |  

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

December 13, 2019 @ 11:00 am By Samantha Hurst  |  

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

November 14, 2018 @ 3:24 pm By Samantha Hurst  |  

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