Tagged: lending

Figure Introduces Mortgage Loan Registry to Lending Partner Ecosystem

Figure Technology Solutions, provider of a disruptive and scaled technology platform built to enhance efficiency and transparency in financial services, announced that it will begin making its DART System, a combined lien and eNote registry service, available to private and wholesale lending partners, “initially for… Read More

HeavyFinance Reports €843K Invested and Distributed Across 29 Agricultural Projects via its Platform

HeavyFinance has recently shared its latest platform performance review for the month of March 2024. In March, a total of €843,000 was “invested and distributed across 29 agricultural projects” available on the HeavyFinance platform. As of the end of March 2024, a significant sum of… Read More

Generative AI Fintech zypl.ai Secures Funding in Commercial Bank International-led Round

zypl.ai, a generative artificial intelligence (AI) fintech lending startup, announced it secured significant investment from Dubai-based corporate and retail bank Commercial Bank International (CBI) along with other global investors in a post-seed bridge round. This strategic investment precedes zypl.ai’s anticipated Series A funding round set… Read More

Lending Tech Provider Informative Research Announces Integration of Veri-Tax

Informative Research, a technology platform that delivers data-driven solutions to the lending community, announced the integration of Veri-Tax, the service provider focused on delivering the fast verifications into its proprietary Verification Platform. The integration merges Informative Research’s platform with Veri-Tax’s verification services so lenders can… Read More

UK’s NatWest Group Announces £5B Housing Sector Lending Initiative

NatWest Group has announced a new package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures. Through a new ambition of £5billion of lending (New funding gross of repayments… Read More

Real Estate Developer and PeerBerry Partner Lithome Repaid Investors a €600K Loan

PeerBerry’s business partner – real estate developer Lithome – repaid investors a €600 000 loan (real estate project “Marijampolės 5”) and paid their investors €57 405 in interest. Today, Gofingo Group repaid PeerBerry investors €200 000 in war-affected loans. These repayments are being “processed on… Read More

UK Finance Says SME Lending Improves in Q4 of 2023

UK Finance is reporting today that demand for SME financing improved in Q4 of 2023. Last year was difficult for all firms as markets, both public and private, sagged. This was due to rising interest rates paired with inflation as well as geopolitical challenges. However,… Read More

Philippines: Bank Lending Accelerates, Driven by Major Industries and Consumer Credit

Philippine bank lending in January 2024 surged by 7.8 percent compared to the same month the previous year, signaling a robust acceleration from the 7.1 percent growth recorded in December 2023, according to preliminary data released on March 8, 2024. This increase in lending by… Read More

ChargeAfter, the Embedded Finance Platform, to Transform How Banks Deploy Lending Solutions

ChargeAfter, the embedded lending platform for point-of-sale financing, has unveiled The Lending Hub, a platform that transforms how banks deliver lending solutions for merchants and their customers at scale. Designed to empower banks and financial institutions “to streamline the development, management, and distribution of multiple… Read More

GCC Lending Surges with $1.9t in Gross Loans Despite High Interest

Despite the tightening of monetary policy by the US Federal Reserve, the banking sector in the Gulf Cooperation Council (GCC) countries experienced sustained growth in lending during the second quarter of 2023, according to a recent report by Kamco Invest. This growth was largely driven… Read More

Swedbank Signs Poseidon Principles, a Framework for Integrating Climate Considerations into Lending Decisions

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance. By signing, Swedbank enhances its ability to “support and influence the continued decarbonization efforts of the shipping industry.” The Poseidon Principles provide “a standardised methodology for… Read More

Gofingo Group Reportedly Repaid PeerBerry Investors €200,000 in War-Affected Loans

Gofingo Group recently repaid PeerBerry investors EUR 200 000 in war-affected loans. These repayments are being processed on the PeerBerry platform “every month in the middle of the month.” Aventus Group’s war-affected long-term loans are repaid monthly “under the initial loan schedules.” In 24 months… Read More

India’s Fintech M&A Count Hits 30 in 2023, Lending Sector Tops List

Lending Fintech companies accounted for 30% of all Fintech acquisitions in India in 2023, highlighting a shift in market dynamics amid growing regulatory pressures, a report from GrowthPal revealed. This surge in acquisitions within the lending sector marks a departure from previous years, where the… Read More

dv01, Fitch Launch RMBS Benchmarks

dv01 and Fitch have joined to launch two “non-agency RMBS benchmarks.” Residential mortgage-backed securities represent a pool of home loan mortgages secured by the property. dv01 is a capital markets Fintech that offers lending data on more than 230 million loans. dv01 was acquired by… Read More

UK’s Digital Bank OakNorth Provides £2.5M Loan to SES, the Power Distribution Products Manufacturer

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

UK’s Allica Bank Reports Completing £2B of Business Lending

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

Fintech Platform MeridianLink Selected by Credit Union to Enhance Loan Origination System

MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions and consumer reporting agencies, announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, “leveraging the Company’s multi-product platform, MeridianLink One.” The credit union already “uses MeridianLink… Read More

UK’s Assetz Capital and Aros Kapital to Support Lending Markets

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

Intercontinental Exchange (ICE) Announces Raymond James Bank to Use Encompass Digital Lending Platform

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, today announced that Raymond James Bank (NYSE:RJF) will use the company’s Encompass® end-to-end digital lending platform “to support mortgage origination for high net-worth borrowers across both retail and delegated correspondent lending channels.” Raymond James… Read More

Targeted Lending Raises $50m Credit Facility from Wells Fargo

Targeted Lending Co, a player in the equipment finance industry, has announced the successful closure of a $50 million credit facility with Wells Fargo Capital Finance. This strategic financial move underlines the company’s commitment to providing essential liquidity to small businesses, especially during times when… Read More

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