Tagged: lending

May 20, 2021 @ 2:12 am By Omar Faridi  |  

Informed.IQ, a tech firm helping financial institutions with instantly and accurately verifying income, assets, residence, and other loan origination data and documents, has reportedly acquired $20 million through a Series A round. The fund raised from the investment round should help Informed.IQ to better address… Read More

May 18, 2021 @ 12:00 pm By Omar Faridi  |  

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

May 16, 2021 @ 7:09 pm By Omar Faridi  |  

LendInvest, a property finance Fintech, notes that embedding technology throughout their lending process has been “key to making your deals complete quicker and more efficiently.” During the past few months, LendInvest has been working on bringing its clients a broker portal that will see the… Read More

May 15, 2021 @ 10:37 am By Omar Faridi  |  

The lending firms on P2P marketplace Mintos are preparing (or have already prepared) and posted their consolidated financial performance reports from last year. The Mintos team notes in a detailed blog post (dated May 13, 2021) that they’re bringing to attention the lending firms, as… Read More

May 14, 2021 @ 7:54 am By Omar Faridi  |  

EstateGuru, a Lithuania-based debt crowdfunding platform, has published its Loan Portfolio Overview Report for April 2021. The report, released on May 14, 2021, notes that April’s financing volume was more than €14 million and the German market has become the primary contributor of new projects… Read More

May 10, 2021 @ 10:57 pm By Omar Faridi  |  

EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler. EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next… Read More

May 9, 2021 @ 11:18 pm By Omar Faridi  |  

European peer-to-peer lending platform Bondora recently revealed that it has issued more than €9 million in loans in April 2021, which is reportedly “the highest in 1 year.” The Bondora team writes in a blog post (published on May 6, 2021) that this month, loan… Read More

May 9, 2021 @ 2:17 pm By Omar Faridi  |  

Peer to peer (P2P) lending has been a relatively popular or widely-adopted business model and it has seen many new platforms attempting to offer these types of services, the Debitum team writes in a blog post. However, Debitum, a Lithuanian platform offering borderless SME financing,… Read More

May 6, 2021 @ 10:17 pm By Omar Faridi  |  

Peer to peer lending marketplace Mintos reports that in November 2020, Kviku introduced Forward Flow in Euro on Mintos. Now, the company is pleased to announce that it’s offering Forward Flow also in RUB (the Russian ruble). As noted by Mintos: “Forward Flow is a… Read More

May 6, 2021 @ 9:27 pm By Omar Faridi  |  

Croatia’s Robo.cash, a peer-to-peer lending marketplace, reveals that it has wrapped up another successful month for the platform. The Robo.cash team has shared key highlights from last month’s performance (April 2021). The P2P lender reveals that loans worth €8.8 million were funded via its platform… Read More

May 3, 2021 @ 11:45 pm By Omar Faridi  |  

China-based MYbank, an online private commercial bank and an affiliate of the Ant Group with a special focus on working with rural areas and SMEs, has revealed that it will be doubling the number of rural counties it serves in the coming years. MYbank and… Read More

May 2, 2021 @ 10:07 pm By Omar Faridi  |  

Hong Kong-based digital banking challenger ZA Bank has revealed that it’s providing a financing guarantee facility of as much as HKD 18 million (appr. $2.32 million). The plan is referred to as the “ZME $18M Loan.” The new product is described as a business revolving… Read More

April 30, 2021 @ 11:07 am By Omar Faridi  |  

Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More

April 27, 2021 @ 7:05 am By Omar Faridi  |  

European peer-to-peer lending platform Bondora recently shared details regarding its 2020 portfolio performance. The Bondora team notes that after remaining quite steady at 17.4% for two straight months, the 2020 return rate for originations increased “ever so slightly to 17.5% in March.” The P2P lender… Read More

April 27, 2021 @ 6:59 am By Omar Faridi  |  

UK-based Blend Network, an online P2P lender, reveals that the average UK house prices “grew by 5.7% year-on-year in March.” Blend Network added in its latest property market report that activity has slowed down from December 2020’s 6-year high growth of 7.3% year-on-year. But price… Read More

April 25, 2021 @ 6:15 pm By Omar Faridi  |  

Blaine Malone, Senior Security Engineer at digital asset firm Kraken, notes that he joined Gemini in March 2020 when New York had closed due to the COVID-19 outbreak. Malone adds that luckily, he got the chance to spend a day in the office, however, he’s… Read More

April 25, 2021 @ 2:26 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, reveals that March 2021 was a “challenging” month for the platform but the team still reportedly managed to achieve several key milestones. Debitum writes in a blog post update that at the end of March 2021, the… Read More

April 23, 2021 @ 6:06 pm By Omar Faridi  |  

Philippines-based Uploan, an established provider of salary-linked financial services, has reportedly acquired a senior secured loan of $15 million from UK’s Lendable, a provider of debt to Fintech firms in emerging or developing markets. The long-term facility should help Uploan with expanding its existing loan… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More