Tagged: online lending

June 16, 2025 @ 12:27 pm By JD Alois  |  

Happy Money, a digital lender, has gained a $500 million purchase agreement led by Fortress Investment Group and Edge Focus. The agreement is for funds managed by the aforementioned firms to purchase up to $500 million in Happy Money loans. To date, Happy Money reports… Read More

May 10, 2025 @ 11:26 am By Michael Wong  |  

Filipinos spent approximately 1.54 billion seconds — or about 49 years — using non-bank digital lending applications in 2024, according to new analysis released by digital lender Digido. The study examined activity across 47 digital lending apps registered with the Securities and Exchange Commission (SEC),… Read More

May 4, 2025 @ 9:33 pm By Michael Wong  |  

Indonesia’s antitrust regulator has launched preliminary tribunal proceedings against 97 online lending startups over suspected cartel practices involving daily interest rate caps, Indonesian news site Katadata reported. The Indonesia Competition Commission (KPPU) said the investigation revealed indications of a coordinated agreement among peer-to-peer (P2P) lenders… Read More

April 29, 2025 @ 1:08 am By JD Alois  |  

Peer to Peer lender Folk2Folk has posted a preview of 2024 performance. According to the company, its platform generated record revenue for the full year of 2024, marking its sixth consecutive year of profitability. Folk2Folk said the top-line revenue was £6.6 million for the year,… Read More

April 28, 2025 @ 10:01 pm By Omar Faridi  |  

Ov Finance has announced an update to its financial technology platform, introducing a suite of intelligent investment tools and digital lending features designed to support users in “achieving smarter and more responsive financial decision-making.” This upgrade reflects the company’s overall strategy of making finance more… Read More

April 2, 2025 @ 10:04 am By Tony Zerucha  |  

Ocrolus, a provider of AI-driven document automation and analysis for financial services and Entech, a global digital consultancy, today announced a strategic partnership to transform the lending application process. By combining Ocrolus’ intelligent document processing technology with Entech’s loan origination platform and technology services, lenders can… Read More

March 26, 2025 @ 11:08 am By JD Alois  |  

PayPal (NASDAQ: PYPL), a payments Fintech that is now more of a neobank, has reported over $30 billion in loans since 2013. PayPal said that online loan originations, including cash advances, had surpassed 1.4 million for more than 420,000 business accounts. PayPal offers credit products… Read More

March 24, 2025 @ 1:58 pm By Omar Faridi  |  

Consumer financial technology company Chime announced the launch of Instant Loans—a product that provides instant access to up to $500 in funds with a fixed interest rate that is “lower than what’s typically observed in the industry.” Like all of Chime’s services, Instant Loans is… Read More

March 19, 2025 @ 10:37 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender serving smaller businesses, has written to the Chancellor of the Exchequer, Rachel Reeves, asking her to include IFISAs in the ISA discussion. IFISAs, or innovative finance individual savings accounts, aim to allow alternative investments in retirement accounts. An IFISA can also… Read More

March 18, 2025 @ 10:23 am By JD Alois  |  

Reflecting on its loan growth of 24% year over year, Grasshopper reports it is boosting its executive branch to support the demand. Grasshopper is a federally chartered digital bank that holds FDIC insurance for accounts. Launched in 2019, the bank serves both consumers and small… Read More

March 18, 2025 @ 9:47 am By JD Alois  |  

Gibraltar-based Xapo Bank has announced US dollar-based loans backed by Bitcoin. According to the bank, their customers may access credit of up to $1 million, secured by Bitcoin holders. Terms range from 30 days and up to a year. No penalties for early repayment. By… Read More

March 15, 2025 @ 3:54 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, an asset manager with $250 billion+ in assets under management. This move reportedly marks SoFi’s “largest” Loan Platform Business agreement… Read More

March 4, 2025 @ 7:41 pm By Michael Wong  |  

UAE-based Fintech Flow48 has secured $69 million in a Series A funding round comprising debt and equity, as it seeks to scale its SME financing solutions in the Middle East and North Africa (MENA). The round was led by Breega and included participation from 212,… Read More

March 2, 2025 @ 6:46 pm By Michael Wong  |  

Talentir, billed as the fastest-growing on-chain YouTube distribution operation, has introduced a lending protocol that allows content creators to access real-time payouts and earn yield on their YouTube-generated income. The company’s latest product, stablecoin-payout.com, aims to bridge the gap between traditional online platforms such as… Read More

February 16, 2025 @ 6:27 pm By Michael Wong  |  

Cambodia’s Minister of Interior Sar Sokha has called for intensified efforts to suppress illegal online lending, urging citizens to stop repaying loans from unlicensed lenders and report such activities to authorities. Speaking at the closing ceremony of the Interior Ministry’s annual review meeting, Sokha reiterated… Read More

February 16, 2025 @ 6:13 pm By Michael Wong  |  

Financial technology firms are emerging as alternative lenders for micro, small, and medium enterprises (MSMEs), including those in agriculture, amid banks’ continued hesitancy to extend loans to the sector. Bangko Sentral ng Pilipinas (BSP) Monetary Board member Romeo Bernardo said fintech firms are playing an… Read More

February 16, 2025 @ 6:11 pm By Omar Faridi  |  

Newgen Software, a provider of an AI-enabled digital transformation platform, announced the implementation of its commercial lending solution at Enterprise Bank. The collab streamlined the bank’s lending processes, “enhanced efficiency, and improved customer service across its loan portfolio.” Enterprise Bank leveraged Newgen’s Commercial Lending solution… Read More

January 28, 2025 @ 2:53 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop” shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results for its fourth quarter and fiscal year ended Dec 31, 2024. Anthony Noto, CEO of SoFi Technologies, Inc. said:… Read More

January 28, 2025 @ 8:16 am By Omar Faridi  |  

LendInvest (LSE: LINV), a UK property finance business, announces it passed a key milestone with over £5bn in Funds Under Management (FUM). The FUM total now reportedly stands at £5.14bn, boosted by a “£500 million upsize from one of the business’s existing institutional investors.” Today’s FUM… Read More

January 28, 2025 @ 8:11 am By Omar Faridi  |  

Supporting smaller businesses in the UK is crucial because they are the backbone of the nation’s economy, contributing significantly to employment, innovation, and regional development. That’s why Funding Circle UK are pleased to have played a part in this effort through a key partnership. Together,… Read More