Tagged: personal loans

QuadFi Acquires $100M Financing Facility with Crayhill Capital Management

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QuadFi, which claims to be a “mission driven” global fintech firm headquartered in Canada, has announced that it entered into an agreement for “a new financing facility of up to $100 million (CAD $127 million) with Crayhill Capital Management, a New York-based minority-owned private credit… Read More

Virtual Banking: Fintech BigPay to Offer All-Digital Loans Regulated by KPKT

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BigPay, a Capital A venture firm and virtual banking platform, announced the introduction of its all-digital loans issued by “BigPay Later”, which is a wholly owned subsidiary operating within the group and a digital money lending license holder. The personal product provided by BigPay Later… Read More

Ujjivan Small Finance Bank Partners Bangalore based Fintech NIRA to Provide Personal Loans to India’s Salaried Workers

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Ujjivan SFB has teamed up with NIRA in India to offer personal loans. As reported by the Economic Times, Ujjivan SFB noted that the partnership with NIRA is a key part of their business approach of using API Banking solutions as part of strategic Fintech… Read More

Chinese Regulators have Instructed Banking Institutions to Trim Loan Books to Guard Against Capital Market Bubbles

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China’s regulatory authorities have reportedly been telling local banking institutions to “trim” their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More

TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering

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TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published on February 18, 2021, by TransUnion, the company’s Q4 2020 Industry Insights report looks… Read More

UK-based RateSetter, a Peer to Peer Lender, Says it’s Still Lending, but at a “Much-Reduced Level” Following COVID-19 Outbreak

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Michael Hoare, chief credit officer at UK-based RateSetter, a leading peer to peer (P2P) lender,  recently explained what impact the Coronavirus (COVID-19) pandemic could have on the lending market and what it might mean for credit risk. Hoare is tasked with overseeing the management of… Read More

loanDepot Expands mello Brand Into New Real Estate & Home Improvement Business Lines

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On Tuesday, loanDepot announced it is continuing the expansion of its mortgage and personal loan businesses by launching newly formed venture, mello Home, which connects pre-approved homebuyers with verified real estate agents in their local market and help consumers find and hire home improvement and other… Read More

TransUnion Announces: As Personal Loan Delinquency Rates Rises, Online Fraud Continues to Make Significant Contributions to the Increases

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TransUnion (NYSE: TRU) announced on Tuesday its latest data found that as personal loan delinquency rates rise, online fraud, which includes loan stacking, continues to make significant contributions to these increases. The credit information and information management service company noted that serious delinquency rates (90+… Read More

Credible Expands Into Personal Loans By Launching Multi-Lender Marketplace

Stephen Dash

Following its $10 million Series A financing in September, Credible (credible.com), the multi-lender marketplace, today announced its expansion into personal loans. Credible’s marketplace for personal loans will include several of the leading online lending companies including Prosper, Lending Club, Avant, Upstart and Pave. Stephen Dash,… Read More

Brief: SmartAsset Teams Up With EVEN Financial to Help Consumers Find Best Personal Loans

SmartAsset, a personal finance technology company, and EVEN Financial, a supply-side platform for Marketplace Lending, today jointly announced a strategic partnership aimed at helping consumers find the best personal loans. Ian Rosen, EVEN Financial CEO, explained: “Our tools allow companies like SmartAsset to easily offer their… Read More

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