Tagged: financial assistance

November 24, 2023 @ 5:46 pm By Omar Faridi  |  

MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, recently announced that it has closed on debt financing that “has propelled the firm’s overall lending capacity to over $300 million.” Active funding includes commitments… Read More

November 13, 2023 @ 10:59 pm By Omar Faridi  |  

EduFi has launched the digital student loan platform in Pakistan, on a mission “to empower more students to achieve their academic pursuits.” Education is a lever of economic growth and social development “in any country but poor quality state school provision often drives many families… Read More

September 11, 2023 @ 9:53 pm By Omar Faridi  |  

Scholar Fund is a non-profit offering education, workforce placement, and financial assistance for underserved communities. Recently, they managed the application and distribution of “a $5 million fund supporting over 6,000 Washington families and 20,000 children that are 200% below the poverty line.” To make this a… Read More

April 13, 2023 @ 7:20 pm By Omar Faridi  |  

SMBs based in Latin America have received another boost in lending services with the recent $4 million investment in Kala, a Colombia-headquartered firm creating Fintech infrastructure for enabling more efficient lending. The firm, which has been co-founded by Manuel Alemán, Rodolfo Lazo and Pablo Cattólica… Read More

March 15, 2023 @ 7:17 am By Omar Faridi  |  

A Fintech firm’s Chief Executive Officer is reportedly attempting to secure over $1 billion in order to fund bridge loans for startups that have been affected by the spectacular collapse of Silicon Valley Bank (SVB). Fintech Unicorn Brex CEO Henrique Dubugras recently revealed that he’s… Read More

November 11, 2021 @ 7:51 am By Omar Faridi  |  

An automatic online service should assist the United Kingdom’s 8 million financially vulnerable households which are currently missing out on £16 billion in benefits that may be owed to them. Not-for-profit lending platform Scotcash stated that its benefits calculator, offered by Inbest, an established Fintech… Read More

March 31, 2021 @ 10:11 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from… Read More

September 24, 2020 @ 11:00 pm By Omar Faridi  |  

Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19. As of September 2020,… Read More

July 13, 2020 @ 9:34 pm By Omar Faridi  |  

Over half or 50% of companies that applied for, and received funding via the US government’s Paycheck Protection Program were financial services providers or companies focused on related technology developments. As reported recently, Fintech firms managed to acquire significant amounts of funding from the PPP… Read More

April 25, 2020 @ 9:31 am By Omar Faridi  |  

The Singapore Fintech Association (SFA) and Razer Fintech will reportedly be offering Financial technology firms in the city-state bridge financing, equity or equity-linked instruments, which will range from anywhere between $100,000 to $1.5 million (appr. S$143,000 to S$2.1 million) According to an April 23, 2020… Read More