Tagged: unsecured loans

Indian Banks Will Stand at Pivotal Juncture in 2024, as Fintechs and NBFCs Support Financial Sector, Industry Professional Says

Jaya Vaidhyanathan, CEO, BCT Digital, recently shared key insights with CI that are focused around the banking sector and unsecured loans offered in India (along with the Reserve Bank of India’s recent policy decisions). Jaya from BCT Digital notes that as we enter 2024, the… Read More

TransUnion Report: Consumers Increasingly Turning to Credit, Unsecured Loans to Manage Household Budgets

The newly released Q1 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows that in this current economic climate in which inflation remains at elevated levels and interest rates have risen sharply, consumers “are increasingly turning to credit to manage their household… Read More

AI enhanced Fundbox, a Credit Platform for B2B Commerce, Reveals how to Apply for Online Financing without Collateral

The team at Fundbox, an AI-driven credit platform for B2B commerce, recently published a blog post that looks into the possibility of getting a business loan without providing collateral. Fundbox’s blog post notes that when we are planning to expand our business, many of us… Read More

UK Digital Lender Selena Finance Secures £42 Million in Funding via Equity and Debt Financing

London-based Selina Finance, an online lender that provides secured home equity loans at competitive rates, has secured £42 million in capital through a Series A funding round. The funding reportedly includes £12 million in equity from Picus Capital and Global Founders Capital and £30 million… Read More

Spring Ahead? Lending Club Plans First Sale of Bonds Backed by Unsecured Loans

The US’ largest marketplace lender LendingClub Corp. is planning its first sale of bonds backed by its unsecured loans, reported the WSJ, seeking new funding sources in today’s challenging market. Working with Goldman Sachs Group Inc. and Jefferies Group on the offerings, LendingClub’s plans to discuss updates with potential investors as early as this week, reported the WSJ; Goldman… Read More

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