Tagged: lending

December 6, 2022 @ 5:02 pm By Omar Faridi  |  

AltScore, a fintech start-up that provides B2B lending infrastructure, announced it has raised $3.5 million in seed funding. The financing will help AltScore “continue developing its end-to-end Lending-as-a-Service (LaaS) solution to help its B2B partners embed and deploy credit products while giving MSMBs fair and… Read More

December 6, 2022 @ 9:13 am By Omar Faridi  |  

In November 2022, PeerBerry investors reportedly “funded €47,606,299 of loans and received €648,080 in interest.” 1183 new investors “joined the platform in November.” The average annual ROI (without loyalty interest) on PeerBerry in November “was 11.1%.” At the end of November, PeerBerry’s portfolio amounted “to… Read More

November 30, 2022 @ 7:45 pm By Omar Faridi  |  

Payment service provider Clik2pay is announcing a collaboration with Inovatec, North America’s leader in lending process automation. This collaboration will “make it possible for Inovatec’s clients to request payment from customers using Clik2pay’s direct-from-account payment platform.” This is done safely and securely “using Interac e-Transfer,… Read More

November 30, 2022 @ 11:27 am By Omar Faridi  |  

Bread Financial Holdings, Inc. (NYSE: BFH), a “tech-forward” financial services company that provides simple, flexible payment, lending and saving solutions, announced a new relationship with Versatile Credit Inc., a provider of innovative solutions “linking bank lenders with consumers applying for credit in retail stores.” Through… Read More

November 29, 2022 @ 11:47 pm By Omar Faridi  |  

In October, Bondora reveals it “saw favorable increases in investments and originations. Originations exceeded €15M, and investments €14M.” This puts Bondora on track “for a good Q4 in 2022.” Spanish originations “exceeded 1M once again.” In contrast to September, investments “for all products increased in… Read More

November 29, 2022 @ 9:02 pm By Omar Faridi  |  

Credifiel, which claims to be one of the largest Mexican payroll lending companies specializing in loans for government employees whose loan repayments are deducted directly from their salaries, has “launched a cashback offer.” For a limited time, you can “earn a cashback for investments in… Read More

November 29, 2022 @ 12:25 pm By Omar Faridi  |  

The team at Prosper notes that they’re sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Dollar % of AA-B rated loan originations in October comprised approximately 63% of total loan originations, representing a 102… Read More

November 29, 2022 @ 8:17 am By Omar Faridi  |  

EstateGuru reports that the satisfactory level of loan origination “continued in October with the same storyline as in September.” In October, Estonia was “the best-performing market with €6.5M worth of loans funded, followed by Lithuania (€3,3M) and Germany (€1.8M).” The total financed amount was €15,1M…. Read More

November 22, 2022 @ 11:27 pm By Omar Faridi  |  

On  November 9, 2022, Bondora had their latest live Q&A session for 2022. It’s become somewhat of a tradition that connects clients, Bondora’s investors, “directly to Pärtel Tomberg, the CEO and Founder of Bondora.” Bondora‘s CEO has shared more about how the platform is doing… Read More

November 22, 2022 @ 11:17 pm By Omar Faridi  |  

Interest is both “the cost of borrowing money for a borrower and the compensation of lending money for a lender,” the team at October notes in a recent update. As a lending platform, October explains they are “right in the middle and connect borrowers to… Read More

November 22, 2022 @ 8:04 am By Omar Faridi  |  

Alternative investment platform PeerBerry business partners are repaying EUR 1.8 million of war-affected loans. In 9 months of the war, under the Group guarantee mechanism, PeerBerry business partners have already repaid “over EUR 27.02 million, or 54% of the total war-affected obligations towards PeerBerry investors.”… Read More

November 22, 2022 @ 8:02 am By Omar Faridi  |  

At the beginning of November 2022, Debitum Asset-Backed Security offer was 5, TRIPLE DRAGON had 10 underlying assets in 2 ABSs, FLEXIDEA had 1 ABSs with 5 business loans and EVERGREEN CAPITAL had 44 underlying assets in 2 ABSs. At the end of October 2022,… Read More

November 18, 2022 @ 12:23 pm By Omar Faridi  |  

Prosper Marketplace, which claims to be the “first” peer-to-peer lending platform in the United States, announced the closing of a new $75 million financing “from a fund managed by Neuberger Berman.” This capital enables Prosper “to meet strong consumer demand for its personal loan, credit… Read More

November 14, 2022 @ 10:26 pm By Omar Faridi  |  

Credisense, a no-code origination, workflow and credit decisioning platform, has partnered with cloud-native SaaS banking and financial services platform Mambu, “to accelerate the modernization of lending systems in the Asia Pacific market.” The partnership will “provide lenders of all sizes with a flexible end-to-end lending… Read More

November 13, 2022 @ 11:17 pm By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which looks at the alternative lending market of Mintos’ home country: Latvia. Forming part of Northern Europe’s Baltic region, Latvia is “a relatively small EU country with a modest population of 1.9 million.” As a… Read More

November 13, 2022 @ 4:04 pm By Omar Faridi  |  

European financing platform Debitum notes that its partner company Triple Dragon – an “innovative,” “fast-growing,” specialist lender in the gaming and mobile app industries – in December 2022 will mark their 6th year anniversary. During these years Triple Dragon have reportedly “managed not only to… Read More

November 3, 2022 @ 9:32 am By Omar Faridi  |  

Zest AI, which claims to be the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has “raised over $50 million in a new growth round.” The investment round was “co-led by existing global software investor… Read More

October 31, 2022 @ 9:27 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, has rolled out their Disbursement and Collections solution for Lending, “to enable NBFCs and their partner LSPs to comply with the new Digital Lending guidelines.” Cashfree Payments will “facilitate both digital lending and co-lending use cases… Read More

October 31, 2022 @ 10:37 am By Omar Faridi  |  

Molo Finance has partnered with Brilliant Solutions, a distributor of mortgages that sits between mortgage brokers and lenders. This partnership “further underlines Molo’s ambitions to offer fully-digital mortgages on a larger scale and it will provide Brilliant Solutions’ membership of directly authorized (DA) brokers with… Read More

October 31, 2022 @ 8:54 am By Omar Faridi  |  

Crypto lending platforms, including BlockFi, Ledn, and Nexo, have recently raised their interest rates on deposits. Historically, crypto lending platforms have offered fairly steep returns. The question is, why? They’re citing a lack of options for borrowers, given both Celsius and Voyager going bankrupt, but… Read More