Tagged: lending

February 21, 2024 @ 10:51 am By JD Alois  |  

dv01 and Fitch have joined to launch two “non-agency RMBS benchmarks.” Residential mortgage-backed securities represent a pool of home loan mortgages secured by the property. dv01 is a capital markets Fintech that offers lending data on more than 230 million loans. dv01 was acquired by… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

February 15, 2024 @ 10:54 am By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

February 11, 2024 @ 3:30 pm By Omar Faridi  |  

MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions and consumer reporting agencies, announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, “leveraging the Company’s multi-product platform, MeridianLink One.” The credit union already “uses MeridianLink… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

January 31, 2024 @ 6:41 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, today announced that Raymond James Bank (NYSE:RJF) will use the company’s Encompass® end-to-end digital lending platform “to support mortgage origination for high net-worth borrowers across both retail and delegated correspondent lending channels.” Raymond James… Read More

January 27, 2024 @ 4:42 pm By Michael Wong  |  

Targeted Lending Co, a player in the equipment finance industry, has announced the successful closure of a $50 million credit facility with Wells Fargo Capital Finance. This strategic financial move underlines the company’s commitment to providing essential liquidity to small businesses, especially during times when… Read More

January 17, 2024 @ 1:47 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More

January 15, 2024 @ 8:16 am By Omar Faridi  |  

UK’s ThinCats is reporting that lending is up more than 30% in 2023 to record levels. In total, ThinCats has now lent “more than £1.7bn to businesses across the UK while assets under management stand at £790 million.” Despite a challenging economic environment, ThinCats has… Read More

January 13, 2024 @ 10:41 am By Omar Faridi  |  

Lendable is pleased to announce a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion “across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs, thereby empowering… Read More

December 29, 2023 @ 9:58 am By Omar Faridi  |  

PeerBerry recently completed the repayments of the last Polish loans. Over €20 million of Polish loans (plus accrued interest) were “repaid to investors in November and December.” Previously, loans issued in Poland accounted “for about 25% of all loans” funded through the PeerBerry platform. PeerBerry… Read More

December 28, 2023 @ 8:41 am By Omar Faridi  |  

Estateguru says that they saw €9.4 million in loan repayments in November, with an additional €1.3 million coming from recovered loans. As noted in a blog post by Estateguru, the total returns amounted to €1.1 million, “with an average return rate of 8.99%.” Estateguru has… Read More

December 23, 2023 @ 11:16 am By Omar Faridi  |  

Bondora reveals that November showed signs of slightly less activity for loan originations. Bondora noted that Finland remains “the most robust loan market, with over €10M in loan originations in November alone.” Due to strategic risk policy changes, “the Spanish market is also temporarily closed… Read More

December 20, 2023 @ 12:33 pm By Omar Faridi  |  

Bytepitch, the team building the Crabble NFT lending platform, have deployed their contract to Agoric mainnet after their proposal had a passing vote. The second third-party application to launch on-chain on Agoric, Crabble offers a utility layer for NFTs on Agoric and “soon the entire… Read More

December 18, 2023 @ 11:40 am By Omar Faridi  |  

Blend has shared the 2023 Mortgage Suite ROI Study. Jordan Brown, CEO of MarketWise Advisors LLC, has distributed the third annual Blend return on investment (ROI) impact analysis “conducted by MarketWise Advisors.” The study reportedly provides “an independent evaluation of Blend’s mortgage technology and its… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 14, 2023 @ 3:55 pm By Omar Faridi  |  

Against a backdrop of shrinking margins and strained profitability, auto lenders need to do everything they can “to deliver stand-out customer experiences while reducing administrative costs,” according to a research report. While similar businesses, such as retirement plan administrators, property and casualty (P&C) insurers and… Read More

December 14, 2023 @ 6:14 am By Omar Faridi  |  

In November 2023, investors invested a total of €2.24M  in agricultural projects through HeavyFinance. €1.90M was reportedly paid out for the farmers “with the capital spread across 54 different loans.” As of November 2023, HeavyFinance has “successfully issued a total of 46.63 million EUR in… Read More

December 11, 2023 @ 9:43 pm By Michael Wong  |  

Mumbai-based Non-Banking Financial Company (NBFC), Ashv Finance, part of the Aavishkaar Group, has announced raising $10 million in fresh funding from Encourage Capital. This round of funding marks a pivotal step for the company in expanding its services across India. Intellecap served as the exclusive… Read More

December 3, 2023 @ 5:34 pm By Omar Faridi  |  

PeerBerry investors have reportedly funded a record-high amount of over €80.4 million of loans in November and earned €862 844 in interest. PeerBerry’s portfolio has “amounted to €109.88 million at the end of the last months.” PeerBerry reveals that it currently “has over 76 625… Read More