Tagged: credit

November 21, 2022 @ 9:34 pm By Omar Faridi  |  

StellarFi, a financial technology company on a mission to disrupt the U.S. poverty cycle by opening access to credit, announced it has “exceeded $1 million in annual recurring revenue.” The company “emerged from stealth on June 28 and closed its oversubscribed $7 million initial funding… Read More

November 11, 2022 @ 7:53 am By Omar Faridi  |  

Blnk, a fintech startup that enables instant consumer credit in Egypt, has “raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.” The funds will support “further development of Blnk’s… Read More

October 22, 2022 @ 3:35 pm By Omar Faridi  |  

Global Fintech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management “to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances.” Since launching in 2012, Capital on… Read More

October 17, 2022 @ 9:35 am By Omar Faridi  |  

Compass, the Mediobanca Group’s consumer credit arm, has reportedly “completed two deals in the Buy Now Pay Later (BNPL) segment.” The rationale for the deals is “to accelerate the bank’s growth in the deferred payment business using digital channels, which it has entered successfully with… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

September 29, 2022 @ 8:13 am By Omar Faridi  |  

Younited, the instant credit provider in Europe, provides European households – in France, Italy, Spain, Portugal, and Germany – with financing solutions “for projects and purchases up to 50,000 euros.” This milestone is the “best proof” of the relevance of Younited’s offer to its customers:… Read More

September 14, 2022 @ 1:03 am By Omar Faridi  |  

iLex, a Platform-as-a-Service (PaaS) fintech that designs, builds and operates digital market infrastructures for syndicated loans and private credit, announced the launch of its EMEA operations. The Singapore-based Fintech aims “to increase the liquidity, efficiency, and transparency of both primary and secondary loan markets through… Read More

September 3, 2022 @ 10:35 am By Omar Faridi  |  

The Federal Trade Commission (FTC) has taken action against credit services company Credit Karma for “deploying dark patterns to misrepresent that consumers were ‘pre-approved’ for credit card offers.” The FTC alleges that the company “used claims that consumers were ‘pre-approved’ and had ‘90% odds’ to… Read More

August 31, 2022 @ 1:07 pm By Omar Faridi  |  

dAMM Finance is building a decentralized borrowing and lending protocol for crypto assets that is “highly capital efficient” and accessible for many token projects. Credora is partnering with dAMM “to conduct privacy-preserving credit evaluations and real-time risk monitoring on eligible dAMM borrowers.” The partnership will… Read More

August 24, 2022 @ 8:38 am By Omar Faridi  |  

Growth Capital Ventures has led a £695,000 investment round into Finexos, a fintech platform set “to improve access to credit for millions of people around the world.” Oversubscribed by almost 40% from the initial target, the funds will be used “to drive forwards Finexos’s market… Read More

August 17, 2022 @ 5:07 pm By Omar Faridi  |  

Pomelo has announced a $20 million round in venture capital and $50 million in warehouse facility for a total of $70 million in seed financing, and claims to be “the first company to combine credit and international money transfer.” Pomelo also “announced its official launch… Read More

August 7, 2022 @ 8:25 pm By Omar Faridi  |  

The Consumer Credit Oversight Board Task Force in Malaysia recently shared the Consumer Credit Act consultation document, which is the new act that aims to properly regulate and consolidate all consumer credit activities under its unit, and to also support “fair” lending and “responsible” conduct… Read More

August 3, 2022 @ 8:42 am By Omar Faridi  |  

Agile Financial Systems (AFS), a financial technology company specializing in payment processing, announced that it has teamed up with LendingPoint, an AI-driven CreditTech financial platform, “to offer merchants consumer lending and unsecured personal loans online and at the point of sale.” By enabling merchants to… Read More

July 29, 2022 @ 2:29 pm By Omar Faridi  |  

Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, has released a number of platform enhancements “to help lenders further automate loan decisioning to save time, minimize manual work, standardize processes, and improve underwriting performance.” The company “sees particular… Read More

July 26, 2022 @ 9:51 am By Omar Faridi  |  

Europe’s provider of credit information, CRIF, has reportedly expanded its Open Banking-enabled consumer credit solution to the United Kingdom, assisting more consumers with  accessing affordable, “responsible” credit during the ongoing economic crisis. CRIF’s credit scoring service, which is currently available to UK-based banking institutions and… Read More

July 19, 2022 @ 8:09 am By Omar Faridi  |  

Creditspring, which is on a mission to make “emergency” borrowing simpler and safer, has raised £8,056,088 or over 100% of its £8,034,420 target from 118 investors (at the time of writing) via Seedrs through its crowdfunding campaign (with 26 days left in the sale). Located… Read More

June 30, 2022 @ 11:35 am By Omar Faridi  |  

StellarFi, a public benefit corporation, recently announced its credit-building product is now “available to everyone.” With this news, 132 million Americans — who currently have poor credit or no credit, or are living paycheck to paycheck –– “may build their credit rating simply by paying… Read More

June 28, 2022 @ 8:20 am By Omar Faridi  |  

With its innovative tech, Provenir provides an AI-powered decisioning platform that can “assess risk in areas like identity, credit, and fraud.” The company prides itself on working with established partners, such as SEON who are able to “provide groundbreaking technology that can be incorporated within… Read More

June 26, 2022 @ 10:22 pm By Omar Faridi  |  

Small business credit platform Tillful, backed by ING Ventures, Experian Ventures, Bitrock Capital, and Katalyst Ventures, announced that it’s partnering with Experian to help establish credit profiles for businesses that “are new to credit or otherwise credit invisible, and thereby potentially expand the range of… Read More

June 1, 2022 @ 7:46 am By Omar Faridi  |  

The United Kingdom’s cost of living crisis is leading to a considerable increase in consumers checking their credit score. This, according to a recent update from Lloyds Bank. Elyn Corfield, Managing Director Consumer Finance at Lloyds Bank said: “Almost 1 million people checked their credit… Read More