Tagged: digital lending

July 2, 2020 @ 11:32 pm By Omar Faridi  |  

The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More

June 17, 2020 @ 7:31 pm By Omar Faridi  |  

Mumbai based online lender InCred has reportedly acquired Fintech platform Qbera. The acquisition has come as India struggles to cope with the COVID-19 outbreak and associated challenges. InCred and Qbera haven’t disclosed the amount paid for the transaction, however, sources claim the deal may be… Read More

June 12, 2020 @ 6:25 pm By Omar Faridi  |  

David Chan, CEO at Monedo (previously Kreditech), a point of sale (PoS) lender that claims to have more than one million customers who have reportedly received over 2 million loans (as of March 2020), says that the online lender has a global addressable market of… Read More

June 8, 2020 @ 1:42 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, recently announced it surpassed $1 billion in cryptocurrency deposits since its launch in 2018. This announcement comes just after Celsius announced it now has more than 110,000 active users using its platform.  As previously reported, Celsius claims… Read More

May 29, 2020 @ 12:22 am By Omar Faridi  |  

Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financing services to small businesses. GVCP has appointed two expert advisors, Vincent Polizatto and William Haworth, to the U GRO… Read More

May 24, 2020 @ 10:54 pm By Omar Faridi  |  

Fintech Zopa, the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK, recently reintroduced C risk loans back into its Plus product offering. Zopa, which still offers online lending in a more… Read More

May 16, 2020 @ 12:32 pm By Omar Faridi  |  

US-headquartered nCino, an established cloud banking provider, has teamed up Sweden’s small business lender, Yourban, in order to support SME lending via the nCino Bank Operating System. Through the partnership, Yourban will be using a system that has been configured to meet the bank’s requirements…. Read More

May 16, 2020 @ 8:32 am By Omar Faridi  |  

India’s only publicly-listed Fintech company, 5paisa, has introduced a peer-to-peer (P2P) lending platform. 5paisa also provides share trading services online. The firm’s management confirmed that they will allow users to issue loans from INR 500 (appr. $6.60) to Rs 50 lakhs (appr. $65,900) to several… Read More

May 15, 2020 @ 9:17 pm By Omar Faridi  |  

Egypt-based online lending firm Shahry has acquired $650,000 in capital through a pre-seed investment round, in order to grow its existing loan portfolio and further expand its operations. The funding was provided by Egyptian Gulf Holding for Financial Investments, the investment division of the Egyptian… Read More

March 27, 2020 @ 8:39 am By Omar Faridi  |  

Trade Ledger, an online lending platform; Wiserfunding, a digital credit scoring platform for small and medium-sized enterprises (SMEs); Nimbla, a trade credit insurance provider; and NorthRow, a remote client onboarding platform have formed a Fintech taskforce. The taskforce aims to offer an origination and underwriting… Read More

March 16, 2020 @ 9:02 am By Omar Faridi  |  

Two major Fintech companies, Aion Digital and Qarar, are teaming up in order to accelerate the growth and development of online lending platforms across the Middle East region. According to a press release, the collaboration between the two Fintechs aims to “revolutionize the credit market”… Read More

February 24, 2020 @ 5:17 pm By Omar Faridi  |  

Australia-based UBank, a digital lending company, has published an open-source software development toolkit on Github repositories in order to assist iOS developers in enhancing the accessibility of applications for users with disabilities. UBank’s new software tool checks for and issues a warning for different types… 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

October 8, 2019 @ 9:07 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More

April 3, 2019 @ 3:44 pm By Samantha Hurst  |  

KeyBank National Association announced on Wednesday it has successfully completed the acquisition of Laurel Road Bank’s digital lending business. According to KeyBank, the acquisition underpins the banking group’s strategic growth efforts, by enhancing its digital capabilities through customized, end-to-end lending products. KeyBank reported that Laurel… Read More

January 14, 2019 @ 8:16 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a partnership with Best Wonder Co., Ltd., a SaaS platform for business E-tax and digital invoice services, to develop digital lending solutions to support small and micro-sized enterprises.  According to PINTEC, the collaboration… Read More

October 25, 2018 @ 8:05 am By Samantha Hurst  |  

U.S. banking and financial service HSBC announced on Wednesday it has partnered with Avant’s end-to-end technology platform Amount to launch a new digital lending platform, which will U.S. consumers, including existing HSBC customers, with a simple way to apply for personal loans online. HSBC reported is… Read More

September 13, 2018 @ 8:27 pm By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform provider, today announced it has launched its Roostify connected app on Salesforce AppExchange. According to Roostify, the app enables mutual customers to easily connect leads generated within the Roostify suite of lead generation tools to their Salesforce environment. The app… Read More

November 6, 2017 @ 2:05 pm By Samantha Hurst  |  

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Monday it has formed a partnership with Allied Solutions to offer its digital lending solutions, including unique and innovative loan participation programs, to Allied’s more than 4,000 clients.   According to LendKey, Allied is… Read More