Tagged: fintech lending

Fintech Lender Milo Establishes New Broker Unit to Close the Lending Gap for Foreign Nationals

Milo, a venture-backed Fintech company that offers direct lending mortgage solutions for foreign nationals, has unveiled a new broker channel for wholesale mortgage partners throughout the US. As mentioned in a release: “With a complete, online lending solution, Milo brings more than 50 years of… Read More

Survey by Fintech Kabbage, an American Express Co., Reveals Small Businesses’ Average Total Sales Reached 80% of Pre-COVID Levels

Small businesses’ average total sales reached 80% of pre-COVID levels, according to a recent Kabbage Survey. COVID-19 vaccination rates among small business owners have outpaced the US national average while issues with recruitment and reopening protocols “persist,” the Kabbage team noted earlier this month. Kabbage,… Read More

Portfolio Management Tools Provider Teslar Software to Help Citizens Bank and Trust with Automating Lending Process

Teslar Software, a provider of portfolio management tools that aggregate and automate the lending process and deposit operations for community financial institutions, reveals that it has teamed up with Citizens Bank & Trust in order to enhance lending processes from “beginning to end.” This should… Read More

Fintech Alchemy Hires Full Stack Developer David Ortiz from Argentina, Company to Continue Expanding into LatAm

Alchemy, a back-end Fintech that provides SaaS banking services, recently welcomed David Ortiz to their team. Alchemy confirmed in an update on March 26, 2021 that they’re planning to continue to expand their business operations in Latin America (LatAm). As noted in the release, Alchemy… Read More

Tech focused VC Investments in Europe Remain Strong, SPACs are Hottest Trend, while Chinese Online Lending Crackdown Continues: Report

Finch Capital, a venture capital firm, recently finalized a €150 million fund to invest in Series A and B deals across Europe. The firm with its Amsterdam and London offices currently has €85 million in capital that is ready to deploy for its “Europe III”… Read More

Digital Lending Tech Provider Blend Says that Financial Institutions Should Make Fintech Lending their Identity, Not Competition

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, suggests that service providers should make Fintech lending their identity, and not necessarily their “competition.” During the past few years, the digital… Read More

Fintech Lenders: Boston’s Forward Financing has Now Provided $1B in SME Funding, as Capital On Tap Enters US Markets

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

Overfunding: UK P2P Lender JustUs Secures Over £1.3M in Capital to Disrupt Lending with Better Crowdfunded Financial Products

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

Bengaluru based Fintech Lending Firm KreditBee Finalizes $75 Million Series C Equity Round

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

Fintech Lending in India has Streamlined the Approach of Credit Delivery, but Consumer Loans have Decreased in Size: Report

The Small Industries Development Bank of India (SIDBI) and Equifax (NYSE: EFX) have released the second edition of “Fintech Pulse,” a quarterly publication that covers major trends in the fast-growing NBFC (Non- Banking Financial Company) Fintech segment. “Fintech Pulse” plans to offer key insights on… Read More

San Francisco based Fintech Blend Explains how their Software Facilitates Better Online Lending Processes

San Francisco-based Blend, which claims to offer market-leading digital lending technology that makes the process of acquiring a loan simpler, faster, and safer, has shared insights on how to unlock better online lending development with their products. Blend acknowledges that creating useful financial products can… Read More

Fintech Lending Is on the Rise Globally but Policymakers Must Watch the Space Closely to Protect Consumers: Report

Demand for Fintech services and loans have surged in India this year, according to local news outlet Live Mint. The credit flows of Fintechs and Big-tech firms have increased significantly during the past few years in highly developed countries. Commercial banks have emerged as leaders… Read More

UK’s Digital Bank and Online Lender Zopa Aims to Generate Profits in 2021, will Compete with Revolut, Monzo, Other European Challengers

Zopa, formerly a peer to peer lender and now a regulated digital bank, is planning to generate sizable profits in 2021. Jaidev Janardana, CEO at Zopa, will aim to leverage his 15 years+ of experience working in the lending sector to give the platform a… Read More

Indian Fintech U GRO Capital, an Online Lending Platform for SMEs, Reports Over $2 Million in Net Profit for Current FY

Indian Fintech U GRO Capital, an online lending platform for SMEs, has released its Q2 FY21 financial results and posted a (profit after tax) PAT of INR 17.2 Crores (appr. $2.28 million). The BSE (formerly called Bombay Stock Exchange) stock exchange-listed, technology-focused platform noted that… Read More

Fintech Lending in Indonesia Might Not be Able to Fully Support Participation from Retail Investors

LendingClub (NYSE:LC) recently filed an 8-K with the US Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

Fintech Firms in India are Expecting to Make a Recovery from COVID within 6 Months: Report

Fintech companies in India are now expecting to make a recovery within the next six months, after being hit hard by the COVID-19 pandemic, which has led to many people losing their jobs and businesses shutting down. Indian Fintech firms including payments, lending and neobanking… Read More

Indonesian Fintech Lenders Association Establishes Task Force to Help P2P Lending Firms Deal with Rising Number of Bad Loans

The Indonesian Fintech Lenders Association (AFPI) has reportedly decided to establish a special task force to assist peer-to-peer (P2P) Fintech companies with the significant increase in bad loans – which may have resulted from the socioeconomic challenges created due to the Coronavirus crisis. Adrian Gunadi,… Read More

Digital Financial Services Firm Konfio Obtains $58.8 Million Credit Line to Help Mexican Women Access Financing Options

For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More

India’s Consumer Lending Platform ZestMoney CEO Reveals Country’s Severe Lockdowns led to “Almost Complete Cessation” of Economic Activity

Lizzie Chapman, CEO and co-founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, recently discussed what she considers the future of lending in a post COVID world. She acknowledges that this has been one of the most… Read More

Indonesia’s Fintech Lenders Association Offers to Assist with Disbursing Funds Allocated to COVID-19 related National Economic Recovery Program

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

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