Tagged: lending

October 27, 2023 @ 12:49 pm By Omar Faridi  |  

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

October 26, 2023 @ 2:22 pm By Omar Faridi  |  

U.S. Bank, an organization supporting payment services, announces the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses “with the ability to offer consumer financing during checkout with a quick application and instant decisioning.” Payment methods are constantly evolving and… Read More

October 24, 2023 @ 10:07 pm By Omar Faridi  |  

Ingenico, the payment acceptance solutions provider, joins forces with Jifiti, the Fintech focused on white-labeled embedded lending, in a new  alliance. This partnership empowers merchants to “offer financing options, provided by accredited financial institutions and enabled by Jifiti, through Ingenico’s innovative cloud-based Payments Platform as… Read More

October 24, 2023 @ 7:31 am By Omar Faridi  |  

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has completed a private securitisation facility with NatWest and Atalaya Capital Management of “up to £300m to support TAB’s lending products.” Both funding partners support TAB’s commitment to… Read More

October 17, 2023 @ 11:17 pm By Omar Faridi  |  

iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More

October 16, 2023 @ 11:03 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest. PeerBerry closed one more record month – in September, PeerBerry investors funded… Read More

October 11, 2023 @ 10:28 pm By Omar Faridi  |  

Small business loan approval percentages at big banks ($10 billion+ in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses “has dipped every month since June 2022.”… Read More

October 11, 2023 @ 10:03 pm By Omar Faridi  |  

Versana announced that founding investor Citi (NYSE: C) is now connected to its transformative digital data platform, “enabling syndicated loans agented by Citi to be available to Versana’s growing subscriber base in real-time.” Citi joins Versana’s other three founding investors – Bank of America, Credit… Read More

October 11, 2023 @ 8:16 am By Omar Faridi  |  

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

October 3, 2023 @ 10:52 pm By Omar Faridi  |  

The team at Perenna says they’re pleased to announce their exclusive partnership with London & Country Mortgages as they begin lending. Perenna received their full banking license from the Prudential Regulatory Authority (PRA) and UK’s Financial Conduct Authority (FCA) at the start of September and… Read More

September 29, 2023 @ 3:11 pm By Tony Zerucha  |  

A new report from business data API provider Codat shows that business lenders continue innovating and evolving their offerings despite current economic challenges. The study of 115 business lenders in the United States and the United Kingdom shows providers are adapting their strategies and priorities to narrow in focus… Read More

September 29, 2023 @ 8:28 am By Omar Faridi  |  

One more business partner, Smartcredito from Spain, joins the PeerBerry platform. Smartcredito will offer PeerBerry investors investments “in short-term loans with a 10% annual return.” Loans provided by Smartcredito to PeerBerry investors “include a buyback and a group guarantee.” Smartcredito (legal name Arena Finance Spain… Read More

September 28, 2023 @ 9:06 am By Omar Faridi  |  

ChargeAfter, the embedded lending platform for point-of-sale financing, announced that Removery, the world’s tattoo removal service providers, chose ChargeAfter in order to power its upgraded consumer financing offer. ChargeAfter was selected to enhance Removery’s client experience by “offering a fast, seamless, and transparent financing process… Read More

September 28, 2023 @ 8:02 am By Omar Faridi  |  

TruStage, an insurance, investment and technology provider, built on years of experience providing payment protection solutions to credit unions, announced the availability of its newest lending solution–Payment Guard Insurance. The Payment Guard product is a key innovation in the digital lending / insurance space. It… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

September 25, 2023 @ 10:59 pm By Michael Wong  |  

The Asian Development Bank (ADB) has approved a $500 million loan to bolster Indonesia’s progressive endeavors in streamlining investment climates, fortifying trade, and advancing enterprises. The approval is an extension of the Competitiveness, Industrial Modernization, and Trade Acceleration Program (CITA), following the success of its… Read More

September 23, 2023 @ 6:20 pm By Omar Faridi  |  

During August 2023, Debitum says that it continued to implement the platform’s long-term development plan. Last month: the change in ownership of Debitum was announced (expect more details soon). As noted in the update from Debitum, Ukrainian asset management was “restructured and announced new investment… Read More

September 23, 2023 @ 6:18 pm By Omar Faridi  |  

In 19 months of the war (since February 24, 2022), PeerBerry business partners Aventus Group and Gofingo Group have, in total, “repaid PeerBerry investors €45.52 million or 90.64% of the total outstanding war-affected obligations.” Compared to other war-affected platforms, PeerBerry claims that it is the… Read More

September 23, 2023 @ 6:10 pm By Michael Wong  |  

Recent preliminary data reveals that in July, outstanding loans of universal and commercial banks (U/KBs), excluding reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), witnessed a 7.7% year-on-year growth, a slight decrease from the 7.8% reported in June. When assessed on a… Read More