Tagged: lending as a service

November 2, 2023 @ 1:06 pm By Omar Faridi  |  

Figure Lending LLC and Figure Technologies, Inc., a key player focused on transforming financial services through the power of blockchain technology, announced it has expanded its Partnership business to “include an increased offering under the Lending-as-a-Service (LaaS) platform, in addition to the previously launched Wholesale… Read More

April 20, 2023 @ 7:02 pm By JD Alois  |  

Pagaya (NASDAQ: PGY) has received $75 million from Oak HC/FT in the form of a convertible perpetual preferred security. According to a corporate statement, the additional capital will be used to pursue strategic investments, including acquisitions. Oak HC/FT is a long-time investor in Pagaya. Pagaya… Read More

June 10, 2022 @ 7:45 am By Omar Faridi  |  

Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More

February 8, 2022 @ 8:21 pm By Omar Faridi  |  

Newt Corporation, an integrated platform for digital financial services, announced that it has entered into a service agreement with Belvo Open Banking API Platform to service its lending-as-a-service (LaaS) offering across North America. Under the terms of the Agreement, Belvo offers Newt with a tech… Read More

October 5, 2021 @ 8:24 am By JD Alois  |  

Sonovate says it has topped £2 billion in total funding during September 2021. Sonovate was founded in 2013 by Richard Prime and Damon Chapple and provides embedded finance and technology to businesses that employ contract and freelance workers. Sonovate states that half of this total… Read More

March 7, 2021 @ 7:33 pm By JD Alois  |  

Digital transformation in financial services continues to occur at a break-neck pace. Initially, it was online capital formation, debt and equity, that encouraged entrepreneurs to challenge establishment finance. Today, Fintech is taking over all aspects of financial services. As incumbents struggle to keep pace and… Read More

February 10, 2021 @ 8:28 am By Omar Faridi  |  

Trade Ledger, which provides a Lending-as-a-Service (LaaS) platform, has secured £13.5 million in capital through a Series A round that was led by Point72 Ventures. Foundation Capital, Court Lorenzini, and Hambro Perks also took part in the round. Trade Ledger aims to assist lenders with… Read More

August 6, 2020 @ 8:15 am By Samantha Hurst  |  

GoBear, a Singapore-based finance services and data platform, announced on Thursday it has formed a partnership with Southeast Asian digital bank UnionBank to launch a lending as a service offering in the Philippines. The launch of the partnership comes just a few months after GoBear… Read More

June 17, 2020 @ 6:57 pm By JD Alois  |  

Alchemy, a Fintech that provides customizable, out of the box lending white label software, has topped $100 million in loans facilitated by the platform. The news was revealed in a blog post today by the company. Alchemy caters to both traditional banks and newer Fintechs… Read More

June 9, 2020 @ 7:57 am By JD Alois  |  

Trade Ledger, a lending-as-a-service platform, has announced several new appointments, as well as the formation of an advisory board as it reports rapid growth. Trade Ledger says its customer base has risen by 1/3 already this year. Trade Ledger said in a release that it… Read More

October 1, 2019 @ 2:56 pm By JD Alois  |  

Meratas Inc. an “Income Share Agreement” (ISA) development company has formed a joint venture with Alchemy Technology, a provider of turn-key online lending systems. Meratas works with schools and other training courses to provide ISA programs. Darius Goldman, founder and CEO of Meratas, says their… Read More

September 18, 2019 @ 8:44 pm By JD Alois  |  

StreetShares, a Fintech that provides small business loans, is now offering “Lending as a Service” (LaaS) so credit unions and smaller banks may provide a digital experience to originate loans. Announced at Finovate NYC, StreetShares says the new service can be up and running on… Read More

July 29, 2019 @ 10:55 am By JD Alois  |  

Lending platform Alchemy Fintech has formed a “definitive” partnership with Argyle. Argyle seeks to provide infrastructure for businesses and end-users alike to access workforce data. By integrating with  Argyle, uses may create a more efficient underwriting, monitoring, and fine-tuned user experience. Alchemy, a Fintech startup… Read More

July 31, 2018 @ 2:49 pm By Samantha Hurst  |  

INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Tuesday it has completed a $25 million social and securitization. The company has completed 15 private market securitization issuances for a total of $247 million. As previously reported, INSIKT was founded in 2012 by Progreso Financiero… Read More

May 10, 2017 @ 9:12 am By JD Alois  |  

Kreditech, a Hamburg, Germany based Fintech company targeting the digital banking space, has received a €110 Million equity investment from PayU – a leading payments provider. The investment is the largest ever for a German Fintech firm. PayU has now acquired a significant minority stake in… Read More

November 19, 2015 @ 11:01 am By Samantha Hurst  |  

Lending.com, a Lending-as-a-Service platform, announced this week the appointment of Liz Verrier as chief legal officer. Founder and CEO of Lending.com, Jason Hogg, stated: “I am very pleased to welcome Liz to the Lending.com team. Liz has an extensive track record and brings a wealth of… Read More