Varun Surapaneni from Neuberger Berman notes that the percentage of past-due loans “to riskier consumers has begun to flatten, while newly issued paper is carrying higher interest rates.” In an update titled, A Turning Point in Sub-Prime Credit, Varun writes that “after a challenging period… Read More
Canada-listed wholesale lender IOU Financial is expected to be delisted from the TSX Venture Exchange (TSX-V) on October 6, 2023 after it was acquired by Quebec Inc. Quebec Inc. is a corporation created by a group composed of funds managed by Neuberger Berman, Palos Capital,… Read More
Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has announced that it has agreed to an off-balance sheet program that will purchase up to $1bn of assets from funds managed by investment management firm Neuberger Berman. The facility means that Wayflyer is able… Read More
Fund Recs announced that its Velocity platform will automate EMIR reconciliations for Neuberger Berman, a private, independent, employee-owned investment manager “with $418 billion in client assets.” Completing an EMIR trade reconciliation is “integral to having effective oversight in place on the EMIR reporting process.” Regulators… Read More
Prosper Marketplace, which claims to be the “first” peer-to-peer lending platform in the United States, announced the closing of a new $75 million financing “from a fund managed by Neuberger Berman.” This capital enables Prosper “to meet strong consumer demand for its personal loan, credit… Read More
CME Group, the leading derivatives marketplace, has introduced options on Micro Bitcoin and Micro Ether futures, further expanding its suite of virtual currency derivatives offerings. Tim McCourt, CME Group Global Head of Equity and FX Products, stated: “The launch of these micro-sized options builds on… Read More
Zero, a U.S. fintech startup, announced on Wednesday it secured a $100 million revolving line of credit facility from a fund managed by the investment manager, Neuberger Berman. Founded in 2016, Zero claims to be the first modern banking experience to combine the simplicity of… Read More
Online lender CommonBond has raised over $300 million in capital for loan purchases. On top of that figure, CommonBond raised $30 million in equity finance. CommonBond is a lending platform that is targeting the student loan refinance sector. Concurrently, CommonBond announced the acquisition of Gradible… Read More
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