Tagged: lending

July 4, 2023 @ 12:25 pm By Omar Faridi  |  

ThinCats, which claims to be the leading alternative finance provider to mid-sized SMEs in the UK, has recently released its origination results for H1 2023, revealing that a “record” £191m has been lent to SMEs across the United Kingdom. The figure represents a sizable increase… Read More

June 30, 2023 @ 7:49 am By Omar Faridi  |  

LHV Bank, a provider of banking services to global fintechs and SME lending solutions to UK businesses, announces the appointment of Rachelle Frewer “as its incoming Chief Financial Officer.” Subject to regulatory approval, Rachelle will “start her position on 2 January 2024 and will also… Read More

June 28, 2023 @ 10:25 am By Omar Faridi  |  

We recently spoke with Raffaele Sadun, CFO of C2FO, a US-based global Fintech platform that’s on a mission to provide every business with equitable, convenient access to working capital. As Sadun explains, working capital isn’t just nice to have — it’s essential for business growth… Read More

June 28, 2023 @ 8:43 am By Omar Faridi  |  

In May, Estateguru’s crowdfunding platform reportedly saw €8.2M worth of new loans. In May of this year, Estateguru’s crowdfunding platform reported steady activity. Their sales team is now “concentrating on the Baltics and Finland: in Estonia the volume was €4.0M, in Lithuania €1.4M, in Latvia… Read More

June 26, 2023 @ 7:32 am By Omar Faridi  |  

A newly released TransUnion and J.D. Power study shows that while most remain in positive equity positions, potential risk is “increasing among some consumers and lenders.” A return to a vehicle environment “closer to the pre-pandemic norm has allowed for inventories to replenish and for… Read More

June 25, 2023 @ 12:30 pm By Omar Faridi  |  

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced that it has “completed the purchase of an additional $700 million worth of US treasuries, bringing the value of its total bond allocation to $1.202… Read More

June 23, 2023 @ 7:16 am By Omar Faridi  |  

Funding Circle (LSE: FCH),which claims to be the UK’s largest small business lending platform, and Waterfall Asset Management (WAM), a multi-national institutional asset manager, announce “the closing of a £240m securitization backed by SME loans.” The loans, “financed by funds managed by WAM, and originated… Read More

June 18, 2023 @ 12:29 pm By Omar Faridi  |  

Comerica Bank announced the launch of Comerica Small Business Convenient Capital, its first “fully digital,” end-to-end new lending platform “to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.” Built in collaboration with Amount, a digitally enabled lender and credit… Read More

June 15, 2023 @ 6:08 pm By Omar Faridi  |  

Biz2X is pleased to announce its new Account Opening product. This “breakthrough” technology reportedly “allows banking clients to quickly and efficiently open new deposit accounts, enabling faster funding for borrowers. ” New small and medium-sized businesses (SMBs) are “cropping up every day.” The integration of Biz2X’s… Read More

May 31, 2023 @ 12:27 pm By Omar Faridi  |  

Next Capital has partnered with Mambu to launch a new suite of lending products in just four months. Leading Thai technology-driven auto leasing company Next Capital Public Company (Next Capital) has partnered with Mambu, “launching a new suite of lending products on Mambu’s SaaS cloud-native… Read More

May 31, 2023 @ 9:16 am By Omar Faridi  |  

LendInvest co-founder Christian Faes says he’s pleased to be launching Faes & Co. Based out of the US, a new firm that will focus on “building and investing in technology-enabled direct lending businesses, alongside their own private credit fund.” Faes says he’s learned “a lot… Read More

May 28, 2023 @ 9:05 pm By Omar Faridi  |  

NatWest Group has announced that, from today, it aims to provide an additional £1 billion in lending to the UK Manufacturing sector by the end of 2030, aiming “to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy… Read More

May 24, 2023 @ 3:02 pm By Omar Faridi  |  

With the U.S. Small Business Administration (SBA) actively seeking new ways to help small business owners secure financing during the current credit crunch, Biz2Credit and CPA.com have introduced a new SBA 7(a) lending option “to the CPA Business Funding Portal, a cloud-based platform that supports… Read More

May 24, 2023 @ 8:53 am By Omar Faridi  |  

Equifax (NYSE: EFX) is continuing its commitment to delivering the industry’s most comprehensive suite of mortgage verification solutions with the launch of Employment Select+, a new offering that “supports lenders and consumers during the critical stages of the loan closing process.” Leveraging the power of… Read More

May 23, 2023 @ 12:06 pm By Omar Faridi  |  

The team at Mintos is pleased to share the Mintos Consolidated annual report for the year 2022. The report is designed “to provide investors on Mintos and other stakeholders with insights into our performance and developments throughout the year.” The report “includes detailed financial statements,… Read More

May 23, 2023 @ 9:19 am By Omar Faridi  |  

Assetz Capital recently announced its institutionally funded lending strategy and its move away from retail funding of its lending. The 10-year old alternative lending platform has “continued to focus on its core areas of expertise including ground up residential housebuilding, residential refurbishment, and continued strong… Read More

May 22, 2023 @ 10:02 pm By Omar Faridi  |  

The team at Blend (NYSE:BLND) says they have always believed that their customers are “best positioned” to win in a downturn when “leveraging technology that helps save costs, grow market share, and innovate faster.” Today they are seeing this “play out in practice with their… Read More

May 21, 2023 @ 10:41 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is “a provider of digital transformation solutions for banking and lending.” As part of the… Read More

May 21, 2023 @ 1:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN) launched a fully-Integrated front-to-back, mortgages solution with a smart decision engine powered by Explainable AI, “helping lenders to deliver a personalized digital mortgage experience while reducing their costs and time to close.” The solution “enhances productivity and reduces delinquencies for the lenders… Read More

May 12, 2023 @ 10:53 am By Omar Faridi  |  

Mia-Platform, an end-to-end platform builder that empowers businesses to smoothly create cloud-native applications, has extended its partnership with London-based RegTech startup, docStribute, in order “to launch a new application for financial services businesses to offer faster, more secure lending.” The service will be “available through… Read More