Tagged: loans

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 @ 11:17 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 17, 2022 @ 10:27 pm By Omar Faridi  |  

To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company (NYSE: WFC) – Flex Loan. Flex Loan is described as “a digital-only, small-dollar loan that will provide millions of eligible customers convenient and affordable… Read More

November 13, 2022 @ 11:49 pm By Omar Faridi  |  

Last month, PeerBerry marked its five years of operations. The PeerBerry platform enters its sixth year of activities “with 61,174 verified investors and an outstanding portfolio of EUR 97 million.” In October, PeerBerry investors “funded EUR 46,5 million of loans. 1140 new investors joined the… Read More

November 10, 2022 @ 9:03 pm By Omar Faridi  |  

Tonik, the Philippines’ first neobank, continues “to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.” Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan,… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Prosper Marketplace announced access to a new fixed-rate Home Equity Loan (HELoan) product for its customers in select US markets, “following the lending platform’s strong performance in personal loan origination last quarter.” This new product “complements Prosper’s suite of home equity products and resources and… Read More

October 30, 2022 @ 4:04 pm By Omar Faridi  |  

As the financiers of two-thirds of the European economy, banks “bear an important responsibility to propose real solutions to mitigate climate change.” This partnership between Swedbank and eAgronom with regard to issuing sustainability-linked loans and leasing will have “a significant impact, as agriculture is one… Read More

October 27, 2022 @ 6:15 pm By Omar Faridi  |  

First Pryority Bank, a member FDIC bank, and Teslar Software announced their partnership “to expedite and streamline processes across the bank’s loan department.” The Pryor Creek, Okla.-based bank has “grown substantially over the past three years and will leverage Teslar’s lending automation software to help… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 12, 2022 @ 9:27 pm By Omar Faridi  |  

The team at Bondora is pleased to announce that borrowers in the Netherlands can now access their online and convenient financial services. By expanding to more countries, Bondora claims it can “help empower more people to live the lives they want with less financial stress.”… Read More

October 10, 2022 @ 2:44 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has reportedly “repaid investments into a commercial real estate project – business center K32 located in a prestigious place in Vilnius (Kęstučio str.32), the capital of Lithuania.” K32 is a Class A commercial building that… Read More

October 10, 2022 @ 8:23 am By Omar Faridi  |  

For the entire world, and especially for the European region, the year 2022 is associated with significant fluctuations in the global economy, which also “have left a remarkable impact on every local market,” the team at Debitum noted. Such a difficult and critical period has… Read More

October 8, 2022 @ 6:23 pm By Omar Faridi  |  

Bizcuit provides invoice financing to Rabobank clients in their need for flexible liquidity. These services are for those who need money quickly to meet their payment obligations in the short term, want to take advantage of a purchasing option with their supplier, or because they… Read More

September 29, 2022 @ 7:57 pm By Omar Faridi  |  

Quaint Oak Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending strategy. The $750 million-asset community bank will “leverage Teslar’s full suite of automated workflow and portfolio management tools to improve the lending process for both lenders and borrowers.” William Gonzalez,… Read More

September 19, 2022 @ 2:23 pm By Omar Faridi  |  

Financiera Contigo (CEGE Capital), one of the largest Mexican microfinance loan providers, is now offering a cashback for investors on Mintos – “for a limited time only.” For Notes with a remaining term of 2 months 0 days or more, you can earn a cashback… Read More

September 15, 2022 @ 8:17 pm By Omar Faridi  |  

Codat, the universal API for small business data, announced a partnership with nCino (NASDAQ: NCNO), the worldwide specialist in cloud banking, “to automate and accelerate banks’ ability to underwrite small business loans around the world.” nCino’s solution significantly “reduces the time it takes banks to… Read More

September 11, 2022 @ 6:47 pm By Omar Faridi  |  

Allica Bank – the bank built specifically to serve the needs of “established” SMEs – is aiming to make £500 million in committed loan offers “between September and the end of the year, as it continues to ramp up its support for UK SMEs facing… Read More

September 8, 2022 @ 11:31 pm By Omar Faridi  |  

IDF Eurasia, a lending company specializing in consumer loans, has reportedly introduced a new cashback campaign. For a limited time, users are able to “earn a cashback of up to 2% for investments in IDF Eurasia Notes.” For IDF Eurasia’s entity MFO FintechFinance LLP, you… Read More

September 8, 2022 @ 10:22 pm By Omar Faridi  |  

Investment platform PeerBerry reported that it will be listing CashXpress loans from the Philippines again. CashXpress will reportedly “offer double guaranteed 180 days term loans with a 12% ROI.” PeerBerry pointed out that you may review “the term and the loan type of CashXpress loans,… Read More

September 5, 2022 @ 12:53 am By Omar Faridi  |  

After having a slow month in June, investment and loan origination figures “rebounded and increased steadily by 18.7%,” according to an update from Bondora. This brought both totals to “a solid €15,333,326 in July.” This is encouraging to see at the start of Q3, the… Read More