Tagged: digital lending

Asda Money, Digital Lender Jaja Finance Announce Incentive for New Credit Card Accounts

Asda customers can now get £20 added to their Asda Rewards cash pot if they open a new Asda Money Credit Card or Asda Money Select Credit Card account, “provided by digital lender Jaja Finance, on or before 4 July 2023.” Asda Rewards is Asda’s… Read More

Japanese Digital Lender, Rakuten Bank Shares Rocket in Tokyo Stock Exchange Debut

Japan’s digital lender, Rakuten Bank, announced on Friday (April 21, 2023) that the common stock of Rakuten Bank, Ltd., (securities code: 5838), a subsidiary of the Rakuten Group, has been listed on the Tokyo Stock Exchange Prime Market. It was “not created for the purpose… Read More

Digital Lending Software Firm Blend Helps Virginia Credit Union Enhance Operations

Virginia Credit Union (VACU) is a state-chartered credit union that has served the central Virginia community for over 100 years. Vice President of Mortgage Lending, Mitchell Jones, said: “At the end of the day, our job is just to help our members live successful financial… Read More

Digital Lending Platform Presta Raises $3.3M via Round Led by Distributed Ventures

Presta, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch after raising $3.3 million in oversubscribed pre-seed fundraise. Led by Distributed Ventures with additional investment from Zeal Capital Partners, Matchstick Ventures, The Fund, Tech Stars, and Jumpstart Ventures,… Read More

Pismo Introduces Digital Lending Functionality to Banking, Cards Platform

Pismo, which claims to be one of the world’s fastest-growing banking Software-as-a-Service (SaaS) firms, has announced a new capability of its core banking and payments platform: digital lending. Digital lending is “part of Pismo’s cloud-native and API-based platform.” It brings agility and flexibility “to accelerate… Read More

Marketplace Lender auxmoney Issues €350M Social Bond

Following its prior issuances in 2021 and 2022, auxmoney has “placed its third ABS transaction with a record amount of EUR 350 million.” With this transaction, auxmoney has “been re-opening the European market in 2023 with the first consumer ABS deal.” Strong investor demand has… Read More

Digital Lending Platform MONIX Closes $20M Round to Support Financial Inclusion in Thailand

MONIX Co., Ltd., a Bangkok-based AI-powered digital lending platform, announced that the company has secured US$20 million in the first close of its pre-IPO fundraising. The investment round was “led by the mothership SCBX and a new investor Lombard Asia, a Southeast Asia’s growth-focused private… Read More

Australia’s Digital Lender MONEYME Returns to Statutory Profits

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.” MONEYME has “delivered >$8m NPAT and record revenue… Read More

MONEYME, Canteen to Help Cancer Survivors Get Back into the Workforce

As part of a growing focus on ESG and commitment to having a positive impact on society, digital lender MONEYME (ASX: MME) has partnered with Australia’s youth cancer charity Canteen in order “to help young cancer patients stay connected to their education dreams and career… Read More

Digital Lending Software Firm Blend Introduces Integrated Fees Management in LO Toolkit

In an effort to maximize loan officer efficiency and build trust with borrowers, Blend (NYSE:BLND) launched the Loan Officer Toolkit in March 2021. With streamlined workflows across the entire mortgage loan process, the LO Toolkit “enables LOs to focus on building both consumer relationships and… Read More

India’s Cashfree Payments Introduces Lending Solution to Help Financial Services Firms

Cashfree Payments, India’s payments and API banking solutions company, has rolled out their Disbursement and Collections solution for Lending, “to enable NBFCs and their partner LSPs to comply with the new Digital Lending guidelines.” Cashfree Payments will “facilitate both digital lending and co-lending use cases… Read More

Digital Lending Platform Ranqx Extends Visa Partnership to North American Markets

Ranqx, the digital lending platform built for lenders to small-to-medium sized businesses (SMBs), has expanded its working relationship with Visa (NYSE: V) into North America. Before collaborating with Visa in North America, Ranqx worked cooperatively with Visa in its Asia Pacific region. Under the latest… Read More

Digital Lending Software Firm Blend Welcomes Naman Khan to Leadership Team

The team at Blend (NYSE:BLND) recently welcomed Naman Khan to their leadership team At Blend, they believe the key to digital transformation in the financial services industry is the ability “to build personalized human connections with customers, and at the center of this is breakthrough… Read More

Digital Lending Software Firm Blend Continues to Help Clients Deploy Digital Innovations, Celebrates 10 Years Since Launch

It’s been over ten years now since digital lending software provider Blend (NYSE:BLND) launched its business. Blend noted that it is almost hard to believe that “at that time the mortgage process was largely manual, time-consuming, and paper-based.” Blend also mentioned that they believed that… Read More

ZoodPay, the Digital Lending Platform, Expands Operations to Pakistan

ZoodPay, the digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully “acquiring Karachi headquartered Tez Financial Services (Tez).” Backed by investors including Planet N, Flourish Ventures and Accion, Tez reportedly became “the first Fintech in Pakistan to… Read More

YourCom Leverages Enigio’s trace:original, Signicat’s Digital ID Platform to Digitalize Promissory Notes

yourCom, a provider of corporate lending, has embraced Enigio’s trace:original in combination with Signicat’s solution for digital identity and electronic signing “to launch a fully digital lending process.” By integrating trace:original, yourCom will be able “to offer its clients the creation and management of fully… Read More

Digital Lending Fintech Blend Reports 60% Reduction in Application Submission Times for Auto and Personal loans, Credit Cards

Digital lending software provider Blend (NYSE:BLND) notes that the rise of connected consumers driving product development and reshaping the trajectory of industries across the board has “proven that finance can be lightning fast, mobile-friendly, and customer-centric.” Blend writes in a blog post that the changed… Read More

European Lender Bondora Reports Onboarding 4,714 Investors in January 2022

The team at European lender Bondora notes that they have kicked off the new year with many investors joining their platform. Originations and investments fell a bit, as they did during the month of December, but managed to maintain solid numbers when compared to January… Read More

European Lender Bondora Reveals that Go & Grow Remains their Clients’ Preferred Way to Invest in their Wealth

European lender Bondora notes that Go & Grow is their investors’ favorite or most preferred way to invest in their wealth. Bondora writes in a blog post that they have more than 158,000 “satisfied” Go & Grow investors. And there’s a solid reason why it’s… Read More

Digital Lending Software Firm Blend Is Helping to Increase Homeownership Opportunities by Leveraging Data and Automation

Digital lending software provider Blend (NYSE:BLND) reveals that they helping to increase homeownership opportunities by leveraging data and automation. Blend explains how their integration with Fannie Mae supports borrower rent payment history, which helps “expand opportunities for first-time homeownership.” Traditionally, credit has served a key… Read More

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