Tagged: lending

March 27, 2020 @ 1:34 pm By Omar Faridi  |  

UK-headquartered Capitalise.com is offering Coronavirus Business Interruption Loan Scheme (CBILS) applications, which will allow small business owners to obtain government-backed loans (if approved). Capitalise.com noted that it aims to assist businesses by giving them access to funding which  they may require to “confidently navigate this… Read More

March 22, 2020 @ 5:41 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

March 17, 2020 @ 8:24 am By Omar Faridi  |  

Eden Amirav, CEO at Become (formerly Lending Express), a leading online platform that helps small and medium-sized businesses (SMBs) find and optimize funding solutions, recently shared his views and insights with Crowdfund Insider. Become uses its proprietary technology to assist and nurture businesses throughout the… Read More

March 13, 2020 @ 6:50 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

March 11, 2020 @ 6:56 pm By Omar Faridi  |  

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

March 8, 2020 @ 11:33 pm By Omar Faridi  |  

Up, a life-planning solution developed by BTO, a Singapore-based Fintech firm, recently teamed up with iCompareLoan, a mortgage-comparison portal, in order to provide home-owners and new buyers improved and more competitive mortgage planning services.  Clients using the Up platform will now be able to access… Read More

March 5, 2020 @ 9:08 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Thursday it is now offering institutional digital asset lending services. According to BitGo, the lending service was built by a Wall Street team that “understands institutional investing and clients’ needs.” The launch also follows a several-month private beta. Mike… Read More

March 4, 2020 @ 11:24 pm By Omar Faridi  |  

Mother Finance Co Ltd, the developer of the first digital lending app in Myanmar, and NearMe Digital Services, a local online services platform for retailers, have teamed up to offer credit to NearMe’s agent and partner network. Mother Finance is incorporated in the Republic of… Read More

March 4, 2020 @ 10:13 pm By Omar Faridi  |  

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

February 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

February 12, 2020 @ 8:25 pm By Omar Faridi  |  

Brazilian Fintech firm IOUU, which offers a peer to peer (P2P) marketplace solution, has managed to secure funding from several venture capital firms. IOUU has acquired R$6 million (appr.$1.3 million) in funding from DOMO, which led the firm’s latest investment round. Indicator Capital and Devas… Read More

February 12, 2020 @ 2:58 pm By Omar Faridi  |  

Lending firm Figure Technologies is betting on an animated character, called “Blockchain,” which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform. As explained via… Read More

February 8, 2020 @ 5:33 pm By Omar Faridi  |  

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

February 3, 2020 @ 8:23 am By Omar Faridi  |  

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

January 19, 2020 @ 11:20 pm By Samantha Hurst  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

January 18, 2020 @ 9:32 am By Omar Faridi  |  

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing… Read More

January 14, 2020 @ 11:45 pm By JD Alois  |  

The approval percentage for small business loans has hit a new “post-recession record high,” according to the Biz2Credit Small Business Lending Index. The company said approvals inched up by one tenth of a percent to reach 28.2%. Biz2Credit monitors small business lending from banks with… Read More

January 10, 2020 @ 7:47 pm By Omar Faridi  |  

Traditional bank and Fintech collaboration and Open Banking are becoming quite common for financial institutions throughout the world that are planning to update their product offerings for small and medium-sized businesses (SMBs). India-based private lending institution SBM Bank recently teamed up with PayNearby to introduce… Read More

January 5, 2020 @ 6:42 am By Omar Faridi  |  

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More