With new vehicle inventory rebounding and some manufacturers continuing to offer incentives, consumers are shifting back into the new vehicle market—resulting in a notable impact on lender market share. According to Experian’s State of the Automotive Finance Market Report: Q1 2024, captives’ market share “for… Read More
iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More
Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced the expansion of eCash acceptance capabilities for lenders and other businesses to accept bill and loan installment payments from their customers at nearly 100,000 U.S. retail locations. By digitizing and integrating cash payments,… Read More
Clear Capital, a national real estate valuation technology company, announced an expanded relationship with CoreLogic, a global property information, analytics and data-enabled solutions provider, “to assist lenders in modern valuation and appraisal readiness.” Through an existing integration, Clear Capital’s recently launched Universal Data Collection (UDC)… Read More
Market drivers for vehicle demand have been more volatile since early 2020 than any time in history and lenders require flexible pricing technology to stay competitive, according to the Competing and Capturing Customers in a Disrupted Auto Finance Market report. The paper published by Earnix,… Read More
The team at Nordigen notes that they are pleased to announce their partnership with Lenders “to help with the further optimization of the loan comparison services.” Lenders is a globally-accessible consumer loan comparison platform. Their insightful analysis offers customers with quick, dependable and cost-effective loans… Read More
SaaS fintech infrastructure development company Alchemy Technologies has formed a new partnership with payment and funding solution LoanPaymentPro to provide lenders and finance companies to provide multiple consumer-facing fund disbursement and payment products, as well as channels, which includes debit card validation, real-time push-to-card funding,… Read More
Equiniti Group’s risk management division, Equiniti Riskfactor, has teamed up with Codat, a company that provides accounting integration APIs, in order to allow small and medium-sized (SME) customers to automatically and securely share financial data with their lenders. Equiniti Riskfactor will be integrating with Codat’s… Read More
Funding Xchange (FXE), a company that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, has raised £8 million (appr. $10.4 million) through an investment round. FXE’s decisioning platform is used by UK-based Monzo, a… Read More
Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to… Read More
Real estate crowdfunding platform PeerStreet announced on Monday the launch of its new lender platform. According to the company, lenders may now access detailed Property Valuation Reports that allow them to analyze property data and adjust property details to generate highly accurate valuations that reflect current or… Read More
ThinCats, a secured peer to peer lending platform, announced on Thursday it is marking 18 months of working with Edinburgh-based broker, Neil Davidson, by highlighting the importance of understanding the needs of its partners’ clients. According to ThinCats, Davidson, who is Managing Director of Edinburgh-based Alderburn… Read More
On Wednesday, Lending Works announced as of Monday, it five-year lender rate has increased to 5.5%, which is considered the highest level it has reached since August 2016. The company revealed that the reason for the rate increase is due to the fact that it has… Read More
Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More
On Tuesday, Biz2Credit released its latest small business lending index which revealed loan approval rates at big banks ($10 billion-plus in assets) rebounded in April 2017 after a setback month. The company reported that small business loan approval rates at big banks increased by two-tenths of… Read More
Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More
British Business Bank announced on Tuesday the launch of its new Entrepreneur Finance Guarantee (EFG) Programme that is exclusively for new lenders. The bank is aiming to increase the number and diversity of lenders offering EFG-supported facilities to smaller businesses by opening up the lender accreditation process. According… Read More
RCS Capital Corporation (NYSE: RCAP) (“RCS Capital”) announced on Tuesday that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications. Michael Weil, Chief Executive Officer of RCS Capital, commented: “We… Read More
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