Tagged: subprime

Amigo Shares Sink as Judge Rejects Sub-Prime Lender’s Plan to Address Mis-selling Loans

A UK court has rejected a plan to address mis-selling by sub-prime lender Amigo (AMGO.L) causing shares to sink by 50%. Amigo offers loans to individuals from £2,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. In 2020,… Read More

Three Month Old Basix Loan Services Makes Millions: ZestFinance Secures $150M Debt Financing Deal with Fortress Investment Group

Not yet a toddler, the three month old loan service Basix has hit some enviable milestones. California-based online lending startup, ZestFinance, has secured a $150 million debt financing deal with global investment giant Fortress Investment Group for Basix. Founded in 2009 by former Google CIO Douglas Merrill, ZestFinance… Read More

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