India-based micro-lender Arohan Financial Services is reportedly planning to expand its digital lending operations as part of its overall goal of revolutionizing microfinance with digital push. Arohan said it will leverage its ‘Apna Arohan’ app for more efficient loan disbursements and improved repayment compliance. Launched… Read More
Turkey-headquartered Colendi, a micro lending and credit scoring Fintech firm, has acquired $30 million in capital via a Series A round. Colendi’s investment round has been led by Re-Pie Asset Management Company, a Turkey-based alternative asset management company. The funding has been provided via Re-Pie’s… Read More
Egypt-based Kashat, a microloan services platform, has acquired $1.75 million in capital as part of a bridge round, according to a report from Magnitt. Kashat’s investment round has been led by VC fund Launch Africa Ventures, and also included contributions from regional investors, the report… Read More
The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report. The expected increase in adoption of microlending in developing countries may improve consumers’ lifestyle or standard of living. The anticipated shift from traditional lending to… Read More
Ocrolus, a fintech infrastructure company that transforms documents into actionable data, announced on Thursday it has launched a new lending program through a partnership with Kiva, a crowdfunding platform dedicated to connecting people through lending. Ocrolus reported that with the Kiva program it is working… Read More
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on Friday it is set to launch its own application for microlending business with peer-to-peer platform to facilitate credit facility. The company reported it will mainly target consumer sector to provide microlending facility in… Read More
Oakam, an online micro-lender, has provided more tha 420,000 loans totaling £320+ million. These loans have gone to consumers ignored by traditionaly finance, says Oakam. Alternative data enables Oakam to utilize modern methods in underwriting and risk management to expand access to credit for financially excluded… Read More
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