Tagged: lending

March 9, 2024 @ 6:27 pm By Michael Wong  |  

Philippine bank lending in January 2024 surged by 7.8 percent compared to the same month the previous year, signaling a robust acceleration from the 7.1 percent growth recorded in December 2023, according to preliminary data released on March 8, 2024. This increase in lending by… Read More

March 6, 2024 @ 11:42 am By Omar Faridi  |  

ChargeAfter, the embedded lending platform for point-of-sale financing, has unveiled The Lending Hub, a platform that transforms how banks deliver lending solutions for merchants and their customers at scale. Designed to empower banks and financial institutions “to streamline the development, management, and distribution of multiple… Read More

March 3, 2024 @ 8:34 pm By Michael Wong  |  

Despite the tightening of monetary policy by the US Federal Reserve, the banking sector in the Gulf Cooperation Council (GCC) countries experienced sustained growth in lending during the second quarter of 2023, according to a recent report by Kamco Invest. This growth was largely driven… Read More

February 29, 2024 @ 8:14 am By Omar Faridi  |  

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance. By signing, Swedbank enhances its ability to “support and influence the continued decarbonization efforts of the shipping industry.” The Poseidon Principles provide “a standardised methodology for… Read More

February 24, 2024 @ 2:24 pm By Omar Faridi  |  

Gofingo Group recently repaid PeerBerry investors EUR 200 000 in war-affected loans. These repayments are being processed on the PeerBerry platform “every month in the middle of the month.” Aventus Group’s war-affected long-term loans are repaid monthly “under the initial loan schedules.” In 24 months… Read More

February 24, 2024 @ 2:10 pm By Michael Wong  |  

Lending Fintech companies accounted for 30% of all Fintech acquisitions in India in 2023, highlighting a shift in market dynamics amid growing regulatory pressures, a report from GrowthPal revealed. This surge in acquisitions within the lending sector marks a departure from previous years, where the… Read More

February 21, 2024 @ 10:51 am By JD Alois  |  

dv01 and Fitch have joined to launch two “non-agency RMBS benchmarks.” Residential mortgage-backed securities represent a pool of home loan mortgages secured by the property. dv01 is a capital markets Fintech that offers lending data on more than 230 million loans. dv01 was acquired by… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

February 15, 2024 @ 10:54 am By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

February 11, 2024 @ 3:30 pm By Omar Faridi  |  

MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions and consumer reporting agencies, announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, “leveraging the Company’s multi-product platform, MeridianLink One.” The credit union already “uses MeridianLink… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

January 31, 2024 @ 6:41 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, today announced that Raymond James Bank (NYSE:RJF) will use the company’s Encompass® end-to-end digital lending platform “to support mortgage origination for high net-worth borrowers across both retail and delegated correspondent lending channels.” Raymond James… Read More

January 27, 2024 @ 4:42 pm By Michael Wong  |  

Targeted Lending Co, a player in the equipment finance industry, has announced the successful closure of a $50 million credit facility with Wells Fargo Capital Finance. This strategic financial move underlines the company’s commitment to providing essential liquidity to small businesses, especially during times when… Read More

January 17, 2024 @ 1:47 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More

January 15, 2024 @ 8:16 am By Omar Faridi  |  

UK’s ThinCats is reporting that lending is up more than 30% in 2023 to record levels. In total, ThinCats has now lent “more than £1.7bn to businesses across the UK while assets under management stand at £790 million.” Despite a challenging economic environment, ThinCats has… Read More

January 13, 2024 @ 10:41 am By Omar Faridi  |  

Lendable is pleased to announce a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion “across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs, thereby empowering… Read More

December 29, 2023 @ 9:58 am By Omar Faridi  |  

PeerBerry recently completed the repayments of the last Polish loans. Over €20 million of Polish loans (plus accrued interest) were “repaid to investors in November and December.” Previously, loans issued in Poland accounted “for about 25% of all loans” funded through the PeerBerry platform. PeerBerry… Read More

December 28, 2023 @ 8:41 am By Omar Faridi  |  

Estateguru says that they saw €9.4 million in loan repayments in November, with an additional €1.3 million coming from recovered loans. As noted in a blog post by Estateguru, the total returns amounted to €1.1 million, “with an average return rate of 8.99%.” Estateguru has… Read More

December 23, 2023 @ 11:16 am By Omar Faridi  |  

Bondora reveals that November showed signs of slightly less activity for loan originations. Bondora noted that Finland remains “the most robust loan market, with over €10M in loan originations in November alone.” Due to strategic risk policy changes, “the Spanish market is also temporarily closed… Read More

December 20, 2023 @ 12:33 pm By Omar Faridi  |  

Bytepitch, the team building the Crabble NFT lending platform, have deployed their contract to Agoric mainnet after their proposal had a passing vote. The second third-party application to launch on-chain on Agoric, Crabble offers a utility layer for NFTs on Agoric and “soon the entire… Read More