Tagged: lending

February 8, 2020 @ 5:33 pm By Omar Faridi  |  

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

February 3, 2020 @ 8:23 am By Omar Faridi  |  

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

January 19, 2020 @ 11:20 pm By Samantha Hurst  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most… Read More

January 18, 2020 @ 9:32 am By Omar Faridi  |  

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing… Read More

January 14, 2020 @ 11:45 pm By JD Alois  |  

The approval percentage for small business loans has hit a new “post-recession record high,” according to the Biz2Credit Small Business Lending Index. The company said approvals inched up by one tenth of a percent to reach 28.2%. Biz2Credit monitors small business lending from banks with… Read More

January 10, 2020 @ 7:47 pm By Omar Faridi  |  

Traditional bank and Fintech collaboration and Open Banking are becoming quite common for financial institutions throughout the world that are planning to update their product offerings for small and medium-sized businesses (SMBs). India-based private lending institution SBM Bank recently teamed up with PayNearby to introduce… Read More

January 5, 2020 @ 6:42 am By Omar Faridi  |  

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More

December 16, 2019 @ 2:05 pm By Omar Faridi  |  

Mambu, a cloud-based banking solution, revealed on December 12 that it had been chosen by ODX, an established provider of digital lending products for small businesses and a subsidiary of OnDeck (NYSE:ONDK), in order to provide servicing technology for ODX’s digital lending platform. The steady… Read More

November 28, 2019 @ 7:47 am By Omar Faridi  |  

The European Investment Fund (EIF) will reportedly be renewing its support to European SME, under the “Private Credit Tailored for SMEs” program. Support will also be extended by other established institutional investors such as Bbifrance, CNP Assurances, and Zencap. A new €100 million (appr. $110… Read More

November 20, 2019 @ 7:23 am By Omar Faridi  |  

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

November 19, 2019 @ 7:18 am By Omar Faridi  |  

Funding Xchange (FXE), a company that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, has raised £8 million (appr. $10.4 million) through an investment round. FXE’s decisioning platform is used by UK-based Monzo, a… Read More

November 8, 2019 @ 12:16 pm By Omar Faridi  |  

Auckland, New Zealand-based Harmoney, an online lending platform that connects borrowers with lenders, recently raised NZ$25 million ($15.8 million) through a Series C investment round led by two Australasia-based investors. Established in 2014, Harmoney has acquired funding from Australia-based private equity company Kirwood Capital and… Read More

October 29, 2019 @ 11:50 am By JD Alois  |  

Aura, a lender seeking to provide access to credit to “working families in America” has received $130 million asset-backed revolving credit facility with Varadero Capital. This brings total lending capacity to $259 million. Aura reports that the new capital comes at a time of high… Read More

October 16, 2019 @ 4:29 pm By Samantha Hurst  |  

Peer to peer property lender CrowdProperty has unveiled a new lending product specially for new construction methods.  According to P2PFinanceNews, the lending platform is offering a new product, Modern Methods of Construction (MMC) Finance, which will cover building with alternative materials including modular, structural insulated… Read More

April 8, 2019 @ 9:00 am By Erin Hobey  |  

Fresh from its new partnership with Nationwide, BlueVine, a provider of online working capital financing for small and medium-sized businesses, is adding term loan financing to its suite of online financing solutions. The BlueVine Term Loan seeks to provide small and medium-sized business owners fast… Read More

February 18, 2019 @ 9:00 am By Erin Hobey  |  

Groundfloor, a direct real estate investment platform, has launched an online public offering enabling any Groundfloor account holder to purchase stock directly from the company. The platform indicated that the online public offering aims to “level the cap table” so members of the public can… Read More

January 29, 2019 @ 1:36 pm By Samantha Hurst  |  

Cryptoasset-to-USD lender BlockFi announced on Tuesday it has added Coinbase Ventures and Able Partners to its list of investors. This news comes just a little over a month after BlockFi secured $4 million in convertible debt investments led by Akuna Capital with participation from Susquehanna Government Products, LLLP,… Read More

January 23, 2019 @ 9:00 am By Erin Hobey  |  

Lending Express, an Israeli tech company dedicated to creating a better world of funding for SMBs, has surpassed $100 million in financing facilitated between small and medium business owners and online lenders. Lending Express also obtained state permission to open for business in California. The… Read More

January 21, 2019 @ 4:39 am By Erin Hobey  |  

UK fintech business lender MarketInvoice has raised £26M in new equity funding during a Series-B funding round led by Barclays and Santander’s $200M fintech fund InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund Viola Credit, who… Read More