Tagged: lending

Teslar Software to Enhance Quant Oak Bank’s Commercial Lending Strategy

Quaint Oak Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will “leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.” William Gonzalez,… Read More

Funding Circle, Bayview Asset Management Announce Lending Partnership

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

Inovatec, Provenir to Provide Decisioning Solutions to Lenders

Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global firm focused on AI-powered risk decisioning software. As a result, Inovatec’s roster of automobile lenders “can access Provenir’s proven portfolio of AI-driven decisioning solutions… Read More

P2P Lending Is Quite Widespread, But Can Grow Further Across Global Financial Markets: Report

The population’s need for affordable non-bank loans due to a low credit rating or its absence, difficulties with the registration process, etc. could be “the main driver of the American P2P market,” according to an update from Robo.cash. The national specifics are also very clearly… Read More

Mexico’s Financiera Contigo, a Lending FIrm, Is Offering Cashback with Notes

Financiera Contigo (CEGE Capital), one of the largest Mexican microfinance loan providers, is now offering a cashback for investors on Mintos – “for a limited time only.” For Notes with a remaining term of 2 months 0 days or more, you can earn a cashback… Read More

IDF Eurasia, a Lending Firm Focused on Consumer Loans, Introduces Cashback Campaign

IDF Eurasia, a lending company specializing in consumer loans, has reportedly introduced a new cashback campaign. For a limited time, users are able to “earn a cashback of up to 2% for investments in IDF Eurasia Notes.” For IDF Eurasia’s entity MFO FintechFinance LLP, you… Read More

Average Weekly Investments on Mintos Increased from €9M in July to €11M in August: Report

The team at Mintos has shared key insights, as part of their monthly publication that summarizes what’s been happening on the platform, including broader market activities. As noted in the update from Mintos, energy prices, inflation, and interest rates “continued to dominate the global investment… Read More

Mihkel Stamm from EstateGuru Explains How the Platform Facilitates Investments in Loans Secured by Real Estate

Mihkel Stamm, Chief Operating Officer at EstateGuru, recently commented on how his team supports a real estate lending platform with a focus on crowdfunding. Mihkel Stamm explained that they “mediate loans secured by real estate to the international investor community across Europe.” On one side are… Read More

India’s Consumer Lending Fintech EarlySalary Finalizes $110M Series D Round

India’s consumer lending fintech, EarlySalary, has closed its series D funding round of $110 million led by TPG’s The Rise Fund and Norwest Venture Partners. Existing investor Piramal Capital & Housing Finance Limited also participated in the investment round. This is EarlySalary’s largest fundraise to… Read More

Credora, dAMM Form Credit Evaluation Partnership to Support Digital Asset Lending

dAMM Finance is building a decentralized borrowing and lending protocol for crypto assets that is “highly capital efficient” and accessible for many token projects. Credora is partnering with dAMM “to conduct privacy-preserving credit evaluations and real-time risk monitoring on eligible dAMM borrowers.” The partnership will… Read More

UK’s Assetz Capital Secures £297,697 via Seedrs

Assetz Capital, the billion pound+ business lender – funding 1 in 12 new homes by SME House Builders, has raised 119% (£297,697) of its £250,003 target from 240 investor via Seedrs with 21 days left in the firm’s crowdfunding campaign (at the time of writing)…. Read More

Mintos Ends Cooperation with UK based Litigation Financier Fenchurch

Mintos and UK-based litigation financier Fenchurch have mutually agreed “to wind down cooperation due to potentially increased reputational risk for Mintos and also the lending company, resulting from the ongoing liquidation of Fenchurch’s former parent company.” According to the proposed payment schedule, Fenchurch will have… Read More

Investors Financed €11.8M Worth of Loans via EstateGuru in July 2022: Report

EstateGuru notes that summer is in full swing, which is also evident in their loan volumes. During July 2022, their investors financed €11.8M worth of loans “with Estonia contributing the most with €4.0M, followed by Latvia (€2.3M) and Lithuania (€2.2M).” EstateGuru further noted that they… Read More

Alternative Investment Platform PeerBerry Reports Regular Repayments of War-Affected Loans

PeerBerry partners continue regular repayments of “war-affected” loans. The repayment of over EUR 1.4 million of war-affected loans was reportedly completed on August 17, 2022. EUR 1.2 million is “dedicated to repaying war-affected Ukrainian and Russian short-term loans,” the team at PeerBerry revealed. The also… Read More

Bondora Reports Significant Increase in Recovered Loans, Total Cash Recovered

After a slow June, Bondora‘s collection and recovery figures “rebounded as anticipated.” Bondora further noted that “the number of recovered loans, as well as the total cash recovered, increased.” The total recovered cash also “climbed to exceed €1 million once again.” The count of loans… Read More

Alliant Credit Union Chooses Upstart for Personal Lending Fintech Partnership

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, announced it has partnered with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace, “to offer AI-powered personal loans nationwide.” Charles… Read More

Missouri’s Seymour Bank Teams Up with Teslar Software to Streamline Lending Process

The Seymour Bank and Teslar Software announced their partnership “to enhance the bank’s commercial lending strategy, increasing automation, efficiencies and accessibility through Teslar’s lending process automation platform.” Seymour, Mo.-based The Seymour Bank will “use Teslar to better track documentation and monitor exceptions.” They will also… Read More

Mortgage Lending Firm Perenna to Offer 30-Yr Fixed Rate Mortgages

Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.” They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the… Read More

Lenpals Chooses Bricknode for Digital Loan Management Software

Bricknode, a software-as-a-service (SaaS) financial services platform, recently revealed that Lenpals, a Fintech firm offering short-term personal loans, has chosen its loan management solution, Bricknode Lending. Lenpals is being introduced to help with redefining or trasnforming the short-term lending sector and provide affordable and responsible… Read More

Marketplace Lender Prosper Shares Latest Performance Update

The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022. Highlights from the Prosper Performance Update – July 2022 are as follows: In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.” Average loan… Read More

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