Tagged: lending

April 8, 2025 @ 10:16 pm By Omar Faridi  |  

Shawbrook has provided an eight-figure revolving credit facility to bridging lender Bluecroft Finance, supporting the company’s expansion as it continues to grow its presence in the UK lending market. The revolving credit facility includes an accordion feature that “allows for a potential 50% expansion, offering… Read More

March 27, 2025 @ 9:49 am By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new solution, The WorkNumber Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering a  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

March 27, 2025 @ 8:31 am By Omar Faridi  |  

In a move to help lenders leverage open banking enabled consumer-permissioned transaction data, Experian announced the launch of Cashflow Score. The solution is the latest in a list of products that may be used to make lending decisions and provides “up to 25% lift in predictive… Read More

March 23, 2025 @ 3:26 pm By Omar Faridi  |  

FalconX noted that Structured credit has long been the backbone of global fixed-income markets, enabling institutions to efficiently finance lending activities. Yet, in crypto, institutional-grade credit remains largely “untapped.” ‍That’s why FalconX is enabling “a new frontier with the first-ever institutional Structured Credit Facility (SCF)… Read More

March 14, 2025 @ 3:26 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, banking solutions, announced that Československá obchodní banka (ČSOB), a subsidiary of KBC Bank NV, and one of the top 30 banks in Europe, has chosen the nCino Platform to digitize and streamline its Commercial and SME Lending… Read More

February 27, 2025 @ 10:09 pm By Omar Faridi  |  

Milo, a financial technology company and the enabler of crypto mortgage lending, has reportedly achieved a key milestone by “surpassing $65 million in total loan volume for its crypto mortgage offering.” This is said to highlight the demand for alternative financing solutions and validates the… Read More

February 26, 2025 @ 8:21 am By Omar Faridi  |  

Estateguru has shared their latest platform loan portfolio overview for January 2025. According to the update from Estateguru, January marked a steady start to the year, with “stable loan origination, repayments, and investor activity.” Estateguru also mentioned that loan funding remained consistent, and investors continued… Read More

February 24, 2025 @ 11:03 am By JD Alois  |  

The State of Virginia is considering legislation designed to limit the interest charged on credit to consumers. The Federal government is also reviewing a similar approach to credit cards, but once again, policymakers are looking to apply price-fixing to a market driven by supply and… Read More

February 10, 2025 @ 3:17 pm By Omar Faridi  |  

Galoy, a provider of Bitcoin-native banking infrastructure, has introduced Lana, a lending platform designed to facilitate digital asset-backed lending for banks of all sizes. Lana specifically caters to the growing demand for bitcoin-backed loans, particularly among challenger and community banks. As stated in the announcement,… Read More

February 8, 2025 @ 8:29 am By Omar Faridi  |  

Lendermarket has launched a fully localized Polish website catering to the growing number of Polish investors joining the platform. This development is said to be a direct response to the increasing demand for a seamless and intuitive investment experience. The new Polish site will now… Read More

February 6, 2025 @ 9:13 pm By Omar Faridi  |  

Pirum, the tech partner for securities finance automation and collateral management, announced that Sharegain, a securities lending fintech, has gone live on Pirum TradeConnect. Stuart Jarvis, Head of Strategic Partnerships at Sharegain, said: “Pirum TradeConnect delivers the simplicity and efficiency the market has been waiting… Read More

January 21, 2025 @ 5:09 pm By Omar Faridi  |  

Colbeck Capital Management, a middle-market private credit firm focused on lending, has recently announced that it raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III, “exceeding its target by 40%.” The Fund received support from existing Colbeck clients and… Read More

January 21, 2025 @ 2:51 pm By Omar Faridi  |  

Generali Investments, a global investment management firm and part of the Generali Group, and MGG Investment Group (MGG), a U.S. private direct lending investment firm with over $6 billion in assets under management, announced the signing of a definitive agreement under which Generali Investments’ wholly-owned… Read More

January 17, 2025 @ 7:36 am By Omar Faridi  |  

LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers. Recognizing that not all borrowers fit the traditional lending mold, these updates… Read More

January 16, 2025 @ 8:17 am By Omar Faridi  |  

Ares Management Corporation (NYSE: ARES), a global alternative investment manager, announced today the final closing of its sixth commingled European direct lending fund, Ares Capital Europe VI. With total commitments of €17.1 billion, the Fund closed above its €15 billion target and reached its hard… Read More

January 15, 2025 @ 11:32 pm By JD Alois  |  

Juno Technologies says it has raised $1 million to pursue its artificial intelligence service that aims to improve loan processing for small firms. Fuel Ventures led the funding round with contributions from Zinc and other Angel investors. Juno AI is described as a generative AI… Read More

January 1, 2025 @ 6:19 am By Omar Faridi  |  

Aditya Birla Capital Limited (ABCL) has announced a new milestone by becoming the first BFSI company to “go live” on all three core financial services – lending, insurance, and mutual fund investments, available on the Open Network for Digital Commerce (ONDC) platform. This latest development… Read More

December 28, 2024 @ 9:45 am By Omar Faridi  |  

Estateguru CEO Mihkel Stamm recently stated that their goal is to surpass €1 billion in total loan volume. The total volume of loans issued by investors on the Estateguru platform over the course of its roughly 10-year operation “may exceed the €1 billion mark next… Read More

December 19, 2024 @ 11:29 am By Omar Faridi  |  

High street bank lending to SMEs remains stable in Q2 2024, according to an update from UK Finance. UK Finance recently released its latest Business Finance Review which “reports on the finance needs of small and medium-sized enterprises (SMEs) in the second quarter of 2024.”… Read More

November 25, 2024 @ 8:28 am By Omar Faridi  |  

Plenti Group Limited has provided its results for the six-month period ended 30 September 2024 (1H25). The Plenti Group shared the following financial highlights: Closing loan portfolio of $2.3 billion, up 14% on pcp Loan originations of $627 million, up 0.4% on pcp Half-year revenue… Read More