Tagged: micro lending

India: Micro-lender Arohan Financial To Expand Digital Lending Operations

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 based Colendi, a Micro Lending and Credit Scoring Fintech, Secures $30M via Series A

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 Fintech Kashat, a Micro Loan Provider, Acquires $1.75M in Capital

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

Global Microlending Market Is Projected to be Valued at Over $340 Billion by 2027, with Funding Circle, Kabbage, Others as Key Players

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

Kiva Teams Up With Ocrolus to Launch Funding Initiative For Global Micro-Lending Program

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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

Digital Payments & E-Commerce Platform KinerjaPay Announces Plans to Enter Microlending Business in Indonesia

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 Has Now Provided £320 Million in Loans to Consumers Overlooked by Traditional Finance

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

Kiva and the Micro-Lending Boom in California

California is in the midst of a micro-lending boom, driven by the rise of internet-based crowdfunding sites, including Kiva, Kickstarter, Indiegogo, and RocketHub. The micro lending sites are opening new lending markets, in peer to peer lending. They are building new ties between lenders and… Read More

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