Tagged: pandemic

May 12, 2020 @ 8:34 am By Samantha Hurst  |  

Former Westpac executives, Andrew Walker and Chris Lumby, has reportedly raised $33 million for their new home loan fintech startup, Verteva. Verteva is described as an ambitious financial technology start-up building a transformative digital alternative for customers in the home lending space. The Australia-based startup… Read More

May 5, 2020 @ 12:44 pm By Samantha Hurst  |  

Getsafe, a Germany-based insurtech startup, is reportedly delaying expansion into other European markets due to the COVID-19 pandemic. This news comes just a few months after Getsafe announced its expansion into the UK. As previously reported, Getsafe claims it is looking to reinvent insurtech and is… Read More

May 4, 2020 @ 9:51 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Monday it is making changes to its provision fund as well as reducing interest rates. This course of action was caused by the COVID-19 pandemic. According to RateSetter, investors will receive only 50% of their interest with the other… Read More

April 24, 2020 @ 8:18 am By Omar Faridi  |  

Fintech funding has declined significantly during the first quarter of this year, mainly due to the Coronavirus (COVID-19) outbreak, and resulting social and economic challenges. A recent report from Forrester has cautioned that many companies could be forced to shut down as the effects of… Read More

April 21, 2020 @ 7:52 am By Samantha Hurst  |  

Barclays announced on Monday it has opened up the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic. Barclays reported that through the program, which is backed by a UK Government guarantee, it will… Read More

April 20, 2020 @ 9:24 am By Samantha Hurst  |  

HDR Global Trading Limited, operator of the BitMEX cryptocurrency trading platform, announced on Monday the launch of its COVID-19 Response Fund. The company reported that it has granted US$2.5 million towards the global effort to respond to the pandemic. The HDR Global Trading COVID-19 Response… Read More

April 20, 2020 @ 8:48 am By Samantha Hurst  |  

BillGO, a U.S.-based bill pay and real-time payment systems provider, announced on Monday it has launched a bill pay relief hub specifically for Americans who are impacted by the COVID-19 pandemic. According to BillGO, the payment relief can come in a variety of forms, including:… Read More

April 15, 2020 @ 12:42 pm By Samantha Hurst  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

April 13, 2020 @ 7:46 am By Samantha Hurst  |  

Customers Bank (NYSE:CUBI) announced on Friday it has increased its Paycheck Protection Program commitment to $500 million by using digital banking OakNorth to help support American small and medium-sized businesses during the coronavirus (COVID-19) pandemic.  As previously reported, the Paycheck Protection Program is part of… Read More

April 10, 2020 @ 4:40 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Friday its Biz2X platform is now being offered free of charge to banks and credit unions with assets under $10 billion that are offering CARES Act Paycheck Protection Program (PPP) loans. As previously reported, the Biz2X platform enables… Read More

April 7, 2020 @ 2:59 pm By Omar Faridi  |  

New York-based ConsenSys, a leading Ethereum (ETH) development studio, and Gitcoin, a fundraising platform, are supporting a digital hackathon event that aims to find solutions for the deadly Coronavirus (COVID-19) outbreak. As noted in a blog post published by ConsenSys, the hackathon event aims to… Read More

April 3, 2020 @ 1:23 pm By Samantha Hurst  |  

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Friday it is deepening its collaboration with the World Health Organization (WHO) through a $10 million donation to WHO’s COVID-19 Solidarity Response Fund, as well as an agreement to open… Read More

March 30, 2020 @ 4:53 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

March 27, 2020 @ 10:13 am By Samantha Hurst  |  

  Mitsubishi UFJ Financial Group (MUFG) announced on Friday it is donating $3 million to support communities in which it serves across the U.S. Latin America and Canada, as well as clients and colleagues, that are affected by the coronavirus pandemic.  MUFG reported that in… Read More

March 25, 2020 @ 10:17 am By Samantha Hurst  |  

American Express (NYSE: AXP) announced on Wednesday it is continuing its support of organizations combatting COVID-19 with the launch of a donation matching program to help feed local communities impacted in the U.S. The credit card giant reported that the program is part of its… Read More

March 24, 2020 @ 5:47 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More