Tagged: digital lending

May 24, 2025 @ 4:10 pm By Michael Wong  |  

Pakistan’s financial markets regulator has banned 141 fraudulent digital loan applications as part of an intensified crackdown on online financial scams, according to 24NewsHD. The Securities and Exchange Commission of Pakistan (SECP) said the platforms were offering interest-free loans via Facebook and other social media… Read More

May 23, 2025 @ 9:17 pm By Tony Zerucha  |  

Carrot, a digital lending startup expanding access to credit for African businesses and individuals backed by their digital financial assets, announced its $4.2 million seed funding round, led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures. The funds will be used… Read More

May 4, 2025 @ 9:33 pm By Michael Wong  |  

Indonesia’s antitrust regulator has launched preliminary tribunal proceedings against 97 online lending startups over suspected cartel practices involving daily interest rate caps, Indonesian news site Katadata reported. The Indonesia Competition Commission (KPPU) said the investigation revealed indications of a coordinated agreement among peer-to-peer (P2P) lenders… Read More

April 26, 2025 @ 12:59 pm By Omar Faridi  |  

CrossCountry Mortgage, the distributed retail mortgage lender, and Blend, an origination platform for digital banking solutions, announced an expanded partnership aimed at driving innovation for independent mortgage banks (IMBs). As part of this collaboration, the two companies are “introducing new solutions that enhance the Blend… Read More

March 28, 2025 @ 5:46 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $75 million in a senior tranche of asset-backed securities (ABS) to support digital lending operations by SeaMoney (Capital) Co Ltd in Thailand. The senior tranche will… Read More

January 21, 2025 @ 9:47 pm By Omar Faridi  |  

Numou, a subsidiary of ADGM the international financial centre of Abu Dhabi, announced an expansion of its lending partner network, strengthening its position as a digital lending marketplace. The platform reportedly features collaborations with institutions, including the Khalifa Fund for Enterprise Development and private credit… Read More

January 21, 2025 @ 9:11 pm By Michael Wong  |  

Skor Technologies, the Indonesian parent company of credit-education platform Skorlife and the Skorcard digital-first credit card, has raised $6.2 million in a pre Series-A funding round led by Southeast Asia-focused Argor Capital. The round also saw participation from existing backers QED Investors and Saison Capital,… Read More

January 12, 2025 @ 7:17 pm By Michael Wong  |  

The digital lending market in the Philippines, which includes registered non-bank digital lenders and digital banks, is projected to surpass $1 billion by the second half of 2025, according to a new analysis by Digido. The growth reflects strong consumer demand for online financial services… Read More

September 27, 2024 @ 9:26 am By Omar Faridi  |  

Multitude Bank p.l.c., a core subsidiary of the Nordic-born listed Fintech, Multitude Group, offers digital lending and online banking services to consumers and SMEs across Europe. The Bank has now partnered with Salt Edge, an open banking platform, with “a goal to enable instant loan… Read More

September 3, 2024 @ 11:05 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $130 million in Asialink Finance Corp, a prominent lender to small and medium enterprises (SMEs) in the Philippines. The financing package, aimed at bolstering Asialink’s lending… Read More

August 4, 2024 @ 2:34 pm By Michael Wong  |  

The Ministry of Corporate Affairs (MCA) in India is set to strike off as many as 400 Chinese companies involved in online loans and online job businesses across 17 states over the next three months, according to a report by Moneycontrol, citing an anonymous government… Read More

July 21, 2024 @ 7:07 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global firm focused on financial technology, announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the nation’s small business financial solutions technology platform, the solution aims to “reduce the barriers to funding for small and… Read More

June 8, 2024 @ 6:34 pm By Michael Wong  |  

Filipinos’ reliance on digital financial services intensified in 2023, with users spending a cumulative 1.3 billion seconds, or 42 years, on digital lending applications, marking a 37-percent surge from the previous year, a report by consumer credit service Digido revealed. According to the study, personal… Read More

May 20, 2024 @ 7:43 am By Michael Wong  |  

Yendo, the creator of the first vehicle-secured credit card, announced that it has closed a significant financing round, totaling $165 million. This includes $150 million in debt financing led by i80 Group, with an additional $15 million in equity from undisclosed strategic investors. The funds… Read More

May 19, 2024 @ 6:33 pm By Michael Wong  |  

Digital lender Maya Bank and WeFund Lending Corp., through Lightning Financing Co., have signed a P2.75-billion ($48 million) loan channeling agreement aimed at enhancing credit accessibility for unbanked and underserved communities in the Philippines. “We are proud to work with WeFund, and this initiative is… Read More

May 5, 2024 @ 9:17 pm By Michael Wong  |  

The Reserve Bank of India (RBI) has officially lifted restrictions on two digital lending products of Bajaj Finance, nearly six months after imposing curbs due to non-compliance with its digital lending guidelines. The announcement, made in a regulatory filing by Bajaj Finance, noted that effective… Read More

April 26, 2024 @ 5:20 pm By Michael Wong  |  

The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More

March 2, 2024 @ 8:57 am By Michael Wong  |  

Baubap, a pioneering consumer microlending platform based in Mexico, has announced a significant boost to its operations with $120 million in debt financing obtained in a pre-Series A round. The round was led by SixPoint Capital Management, a U.S.-based fintech capital partner, marking a major… Read More

February 25, 2024 @ 5:37 pm By Michael Wong  |  

Fintech player Helicap Pte Ltd has partnered with PT Bank Danamon Indonesia Tbk (Danamon) to establish the duo as a pivotal source of non-dilutive growth capital for fintech companies, alternative lending firms, and micro, small, and medium enterprises (MSMEs) across various sectors, including supply chain,… Read More

January 26, 2024 @ 3:56 am By Michael Wong  |  

Digital lending platform Vivifi India Finance has raise $75 million in a Series B funding round to further extend loans to the salaried class as well as small businesses in India. This latest infusion of capital comprises $15 million in equity and $60 million in… Read More