Tagged: lending

There are Now 123 Fintech Startups in Vietnam and Over 4.2 Million Digital Wallet Users: Report

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

Chinese Fintechs Must Realize that their Products can Subject Consumers to Financial Risk, Analyst Says following Sector-Wide Crackdown

Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory requirements. As reported recently, Daniel Zhang, Chairman of Alibaba Group Holding (NYSE:BABA), noted… Read More

SoftBank backed Challenger Bank OakNorth Claims it’s been Lending to UK SMEs at Record Levels During COVID

SoftBank-backed Fintech firm OakNorth claims that it has been issuing loans at record levels following the COVID-19 outbreak. Established in 2015, OakNorth was recently valued at $2.8 billion and has managed to achieve profitability. This is not too common for many of the firms or… Read More

Germany’s CrossLend, a Digital Debt Marketplace, to Offer its Data Analytics Tool Free of Cost

Germany-based CrossLend, a platform that provides a digital debt marketplace with a goal to make the global lending and investment ecosystem more efficient, transparent and profitable, is reportedly offering its Europe-based lenders access to its data analytics software free of cost. CrossLend said the tools… Read More

Deloitte’s Fastest-Growing UK Tech Firms List Includes CrowdProperty, Landbay, Lendable, Lending Crowd, Lending Works, Revolut

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… 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

Robocash Claims P2P Lending Market Is an Attractive Investment Diversification Option, but Sector has Struggled due to COVID

Robo.cash, a peer to peer (P2P) lending marketplace, recently discussed which investments may be “advantageous” during the COVID-19 pandemic. The P2P lender noted in a blog post that COVID, which began spreading in Europe in March and April 2020, led to “unrest” among P2P investors…. Read More

UK Peer to Peer Lender JustUs to Begin Providing P2P Owner-Occupied Residential Mortgages in 2021

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

Indonesia’s Social Security Program Provider, KMSB, Partners Logiq to Offer Microlending Services to Local Residents

Logiq, Inc., a multinational provider of digital commerce and Fintech solutions, has been chosen to offer mobile micro-lending services to 48 million Indonesian residents. The loan services will be provided through a partnership between Logiq and Koperasi Mona Santoso Berjaya (KMSB), which is Indonesia’s social… Read More

Online SME Lender Funding Circle Acquires £30 Million from British Business Investments

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

Brokerage Firm Mortgage Choice to Add Digital Bank 86 400 to its Residential Lending Panel

Mortgage Choice, an established brokerage firm, will be offering its brokers access to Australian digital bank 86 400. The broker has reportedly added the challenger bank to its residential lending panel. Emma Dupont-Brown, GM at Mortgage Choice, stated that adding the digital bank would mean… Read More

Roxana Mohammadian-Molina: CSO at Online P2P Lender Blend Network Explains how Platform Is Democraticizing Property Lending

We recently connected with Roxana Mohammadian-Molina, the Chief Strategy Officer at Blend Network, an online peer to peer (P2P) property lending platform. Roxana talked about how the UK real estate market is performing. She also discussed how her company has managed to maintain operations during… Read More

DeFi Platform MANTRA DAO Launches Validator Node for Cosmos Ecosystem, Users May Earn KAVA and HARD Tokens

MANTRA DAO (distributed autonomous organization), a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, has launched its first (transaction) validator in the Cosmos ecosystem. MANTRA DAO’s new validator node will allow users to earn… Read More

Financial Services Professionals Say Lending Sector to Take A Year or Longer to Recover to Pre-COVID Levels: Survey

The COVID-19 pandemic has accelerated the shift to digital with financial services, according to a recent report from TransUnion (NYSE:TRU), a financial services data platform and credit report provider. The report notes that the Coronavirus outbreak sent “shockwaves” through the financial services sector and has… Read More

UK based P2P Lender RateSetter Is Reportedly Struggling to Process Withdrawal Requests from Investors

An investor has reportedly been attempting to get her funds out of one of the UK’s largest peer to peer (P2P) lending platforms, RateSetter, since August 2020. According to a report from the Guardian, the investor (Michelle Johnson) was told by RateSetter’s management that her… Read More

Singapore Fintech iLex to Use Loan Solutions Offered by Refinitiv, will Redistribute LPC Loan Market Data via iLex Platform

iLex, a Fintech firm that is focused on improving the corporate loan market, has partnered with Refinitiv through its LPC brand, in order to integrate their loan solutions and redistribute LPC loan market data via the iLex platform. As mentioned in a release shared with… Read More

Non Bank Lenders on Track to Manage $1 Trillion in Assets by End of 2020, Cloud Powered Lending Platforms Needed: Report

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

P2P Lender Robo.cash Claims it’s Been Successful During Current Crisis Because of Profits from 2019 and Working with Affiliated Loan Originators

A study recently performed by the European peer to peer (P2P) lending platform Robo.cash reveals that the main factors for its success during COVID were the profits it generated in 2019 and “work with affiliated loan originators.” Robo.cash claims that “remarkably, interest rates, funding volumes… Read More

Experienced Dutch Lender Discusses his Long-Term Investment Strategy when Investing via P2P Platform October

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

DeFi Protocol Aave Inroduces Centrifuge, A Platform for Launching Real-World Assets

The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, have announced that they’re introducing Centrifuge – which aims to bring real-world asset markets to the Aave protocol. Isa… Read More

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