Tagged: lending

University of Indonesia Study Reveals that Borrowers Using Local P2P Lender Investree Were Able to Generate More Revenue

Borrowers that use Indonesia’s peer to peer (P2P) lending platform Investree, which mainly includes local SMEs, had reported a considerable increase in their earnings. They were also able to better scale their business operations after obtaining loans from Investree, according to a recent study conducted… Read More

India based Online Lenders U GRO Capital, SOLV, Instamojo, Sanjeevani Platform Continue to Issue Loans to SMEs during COVID-19

The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More

Indonesian Fintech JULO, which Supports P2P Lending, Introduces Programs to Help Businesses During COVID-19

The COVID-19 outbreak has had a negative impact on the economies of countries throughout the world including Asian nations such as Indonesia. PT JULO Teknologi Finansial (JULO), an Indonesian Fintech firm that supports peer to peer (P2P) lending, has introduced several programs that aim to… Read More

CapitalStackers, a P2P Lending Platform focused on Real Estate Finance, Repays Over $1.7 Million to Investors

UK-based CapitalStackers, a peer to peer (P2P) lending platform focused on real estate finance, has reportedly repaid £1.4 million (appr. $1.7 million) to investors, despite the socio-economic challenges created due to the global COVID-19 outbreak. CapitalStackers confirmed that it’s planning to introduce an Innovative Finance… Read More

Lex Sokolin from ConsenSys looks into What Happened when DeFi Protocol Compound’s Balance Sheet Increased by Over $500 Million

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio, recently noted that COMP tokens, which belong to major DeFi lending solution Compound, ballooned over 200%. As reported, decentralized finance protocol Compound saw a dramatic increase in lending dctivity… Read More

UK’s Landbay, a Buy-to-Let Mortgage Lender, Joins Lender Exchange to Enhance its Conveyancing Process

UK-based Landbay, a buy-to-let mortgage marketplace lender that provides various borrowing opportunities, has reportedly joined the Lender Exchange, in order to streamline its conveyancing process. Lender Exchange has been developed by Decision First. It aims to facilitate effective communication between lenders and solicitors. Lender Exchange’s… Read More

Google Cloud to Offer Mambu’s Digital Banking and Lending Products Natively

Mambu, a Berlin-based SaaS cloud banking platform provider, has teamed up with Google Cloud. Through the partnership, Mambu clients will be able to use a cloud-agnostic platform to launch and expand existing banking and lending operations into other countries. Mambu will aso be able to… Read More

P2P Lender ArchOver Claims there’s “Unprecedented” Demand from its Investors as it Prepares to Again Offer Secured Lending

Peer to peer (P2P) business lender ArchOver recently claimed that it has seen a significant increase in demand from retail investors as the platform prepares to begin lending again via its secured loan offering. According to its website, ArchOver has funded over £119 million for… Read More

Singapore Fintech, the Institutional Lending Exchange (iLex), Secures Seed Funding, Signs MoU with IHS Markit

Singapore-based Institutional Lending Exchange (iLex), a Fintech firm focused on developing a multilateral digital or e-market platform that will support the deal flow and liquidity opportunities for loan market participants, has reportedly finalized its seed funding round. The amount raised has not been disclosed. Investors… Read More

CrowdProperty Milestones: £75 Million Lent & Funding of 1000 homes Worth £170 Million

Property investment platform CrowdProperty announced on Tuesday it has lent more than £75 million to SME property professionals and has now funded the development of 1,000 homes that were worth almost £170 million, enabling over £60 million of spend on labor, materials, and services in… Read More

P2P Lending Market in Europe will Recover this Summer, Robocash Analysts Claim

The COVID-19 crisis has negatively impacted almost every business sector, globally. The world’s peer to peer (P2P) lending market has also taken a hit, as funding volumes reported in March and April have been significantly lower than previous months. However, analysts at online lender Robo.cash… Read More

Digital Currency Trading & Lending Platform Genesis Acquires Institutional Custodian Vo1t

Genesis, a digital currency trading and lending platform, recently announced it has acquired Vo1t, an insured digital institutional custody service. Genesis reported that the acquisition will supplement its current services, which include global over-the-counter trading and institutional lending. The acquisition will also enable Genesis to… Read More

P2P Lender Lendy, which Shut Down in 2019 and Went into Administration, Needs Investors to Clear More AML Checks Before Getting Refunds

Peer to peer (P2P) lender, Lendy, which shut down last year and went into administration, will be requiring previous investors to pass certain anti-money laundering (AML) checks again, before they qualify to get refunds. As confirmed on the firm’s website (which is not offering any… Read More

Publicly Listed Indian Fintech 5paisa Introduces Peer to Peer Lending Platform

India’s only publicly-listed Fintech company, 5paisa, has introduced a peer-to-peer (P2P) lending platform. 5paisa also provides share trading services online. The firm’s management confirmed that they will allow users to issue loans from INR 500 (appr. $6.60) to Rs 50 lakhs (appr. $65,900) to several… Read More

Buy Now Pay Later Fintech Shahry Acquires $650,000 in Seed Funding from Egyptian Gulf Holding for Financial Investments

Egypt-based online lending firm Shahry has acquired $650,000 in capital through a pre-seed investment round, in order to grow its existing loan portfolio and further expand its operations. The funding was provided by Egyptian Gulf Holding for Financial Investments, the investment division of the Egyptian… Read More

It’s “Absolutely Essential” for Smaller Lenders to Work with Fintech Firms, According to Community Banking Executives

Community banks and credit unions have been finding it difficult to keep their platforms updated with the latest innovations because of limited capacity, lack of industry skills and expertise, and relatively small budgets. Due to these limitations, small lenders have been working with Fintech firms,… Read More

Tavant Debuts Artificial Intelligence Powered Instant Refinance Advisor

Tavant, a U.S-based AI-powered digital lending technologies provider, announced on Thursday it has launched its Instant Refi Advisor (IRA) product to assist lenders that are facing an increased volume of refinancing applications. According to Tavant, the IRA is a plug-in for mortgage lenders and is… Read More

Decentralized Finance Protocol MakerDAO Shuts Down Single Collateral Lending System, Will Move to Multi-Collateral System

MakerDAO, a leading Ethereum-based lending system, is preparing to move to a multi-collateral DAI (MCD or Dai) system. The protocol’s community has closed down the single-collateral Dai (Sai) system, as the decentralized finance (DeFi) solution gets ready for the transition. MCD had been activated on… Read More

Singapore’s SME Financing Plaform Validus Secures $14 Million, with $20 Million in Committed Capital via Series B+ Round

Singapore-headquartered Validus, a financing platform focused on SMEs, has secured more than $14 million in funding, with $20 million in committed capital, from a Series B+ investment round. Validus’ round was co-led by Kuok Group’s Orion fund (managed by K3 Venture Partners) and the Vertex… Read More

Fintech Lenders are Better Equipped to Issue Loans to SMEs, Compared to Traditional Lending Platforms: Report

  A blog post recently published by the World Economic Forum notes that SMEs throughout the world have been struggling to maintain operations due to the COVID-19 outbreak, nationwide lockdowns, and resulting economic challenges. WEF’s blog acknowledges that traditional lending models have been an obstacle… Read More

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