Tagged: lending

August 16, 2023 @ 8:34 am By Omar Faridi  |  

Tietoevry is pleased to announce its collaboration with The Savings Banks Group Finland in order “to renew its lending platform, where Tietoevry’s Lending Suite, the leading credit solution in the Nordic markets, will serve as the foundation.” This strategic partnership is part of “a broader… Read More

August 15, 2023 @ 8:50 am By Omar Faridi  |  

FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More

August 12, 2023 @ 11:23 am By Omar Faridi  |  

Zirtue, the relationship-based lending app with a mission to drive financial inclusion, announces today its partnership with TruStage, a financially strong insurance, investment, and technology provider, built on the philosophy of people helping people. Formally known as CUNA Mutual Group, TruStage was “born out of… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 9, 2023 @ 10:26 pm By Omar Faridi  |  

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require additional working capital to… Read More

August 9, 2023 @ 11:09 am By Omar Faridi  |  

Chainlink Price Feeds are live on Base—a fast and “highly scalable” layer-2 blockchain incubated by Coinbase and secured by Ethereum. With this integration, developers building on Base can “have access to industry-standard Chainlink Data Feeds and other web3 services.” The native integration of Chainlink Price… Read More

August 9, 2023 @ 2:40 am By Omar Faridi  |  

Bondora notes that we are more than halfway through the year. Like with any goal, it’s essential to acknowledge achievements along the way to stay motivated on the path to success, the team at Bondora noted while adding “that a lot has happened already, and… Read More

August 8, 2023 @ 11:39 pm By Omar Faridi  |  

PeerBerry investors funded €67.6 million of loans in July and received €835 412 in interest. The amount of funded loans on the platform “was about 4% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.83 million at the end of July.” 1088 new investors… Read More

August 4, 2023 @ 11:25 am By Omar Faridi  |  

Bridgecoin Capital unveiled the launch of their new lending platform, which is the first of its kind to lend customers’ crypto into traditional real estate assets. This novel model, “designed by the partnership of real estate and crypto professionals, is the first tax efficient method… Read More

August 4, 2023 @ 10:43 am By Omar Faridi  |  

Capco, the global technology and management consultancy, and Celonis, the “pioneer” and global leader in process mining, announced a new mortgage pipeline management solution offering lenders “a data-driven approach to manage their mortgage loan pipeline, resulting in continuous process improvement, risk mitigation and cost reduction.”… Read More

August 3, 2023 @ 7:45 am By Omar Faridi  |  

Stavvy, the Fintech company reshaping digital and remote collaboration for lending and real estate, announced its strategic acquisition of Brace, a servicing technology company addressing the long-standing inefficiencies and lack of transparency stemming from outdated technologies in mortgage servicing. Through this strategic acquisition, the collective… Read More

July 30, 2023 @ 10:21 pm By Omar Faridi  |  

The first half of the year was a “busy” one for the RoboCash Group. The holding focused “on the expansion of the current business in the Philippines and Kazakhstan, as well as the systematic preparation for the opening of new markets.” As noted in a… Read More

July 30, 2023 @ 11:28 am By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be a leading online lending platform for small business borrowers, recently announced that Kanthi Muthiah has joined the company as U.S. Chief Product Officer. Kanthi, a former FICO, PayPal, and JP Morgan executive, will “support overall product strategy and… Read More

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

July 28, 2023 @ 1:37 pm By Omar Faridi  |  

As a Sustainable and Socially Responsible Lender, October systematically “integrates ESG factors into its activity and investment process.” Specifically, October’s latest fund OCTOBER SME V is aligned “to the Sustainable Finance Disclosure Regulation (SFDR).” October’s strong commitment to ESG investing is proven “by reporting on… Read More

July 27, 2023 @ 8:03 am By Omar Faridi  |  

OakNorth Credit Intelligence (ONci), the SaaS partner for commercial banks to lend smarter, faster, and more, announces a major product enhancement of the ON Climate application that allows users to analyze transition risk and impact for each year up until 2050. The ON Climate application… Read More

July 26, 2023 @ 3:34 pm By Omar Faridi  |  

Rainbow Energy says they have some updates for their business customers. They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in… Read More

July 23, 2023 @ 10:31 pm By Omar Faridi  |  

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

July 23, 2023 @ 5:00 pm By Omar Faridi  |  

Consumer fintech Salmon announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its… Read More

July 23, 2023 @ 2:28 pm By Omar Faridi  |  

In 2022, PeerBerry business partners CreditPlus KZ, Credit365 KZ, and AutoMoney KZ in Kazakhstan all together “made €4.7 million in net profit – significantly more compared to 2021 (Aventus Group’s total net profit in 2021 in Kazakhstan was €0.8 million).” In 2022, Aventus Group companies… Read More