Alternative Finance

UK consumers cast their vote on the future of the high street

Divido, the multinational white-label platform for point of sale lending, has today unveiled the results of its UK-wide research into how consumers approach high-value purchases, and subsequently what the UK high street needs to offer in order to stay relevant. The study of over 2000 UK consumers reveals that just 7% of Brits browse exclusively in-store before making a high-value purchase (identified as costing over £250) - putting pressure on... more Read more »

The leading Russian online loan originator joined to Robo.cash

The European P2P platform Robo.cash has been recently joined by the leading Russian microfinance company MFC Zaymer which has supplied investors with the opportunity to invest in short-term loans issued by its online lending service Zaymer.ru. An expected annual return for investors will comprise up to 14% in EUR and up to 18% in for loans listed in RUB.    Read more »

Fintech startup Sharegain rolls-out first Securities Lending Platform, following $12m investment

Fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of $12m (including $5m in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms in line with significant early demand. Read more »

The P2P platform Robo.cash welcomes a new loan originator from Kazakhstan

The European Р2Р platform Robo.cash has been recently joined by a new loan originator LLP Z-FINANCE which provides short-term private lending in Kazakhstan. For the users of the platform, it means more opportunities to invest in short-term loans listed in euro with a repayment period up to 30 days and an expected interest rate up to 12% per annum. Read more »

Twilo unveils API for processing payments securely over the phone

Twilio (NYSE: TWLO), the leading cloud communications platform, today announced <Pay>, a new API that enables developers to easily process payments securely over the phone With just one line of code companies can quickly and easily accept payment via automated Interactive Voice Response (IVR) interactions or in contact centre environments. Read more »

Kasasa Loans tech partners with CUneXus cpIXpress platform for fast and secure loan services

Kasasa, an award-winning financial technology and marketing provider, announced today that it has partnered with CUneXus, a provider of advanced loan acquisition and automation technology for banks and credit unions.  Read more »

IHS Markit Creates First One-Stop Data Solution for Syndicated Loan Market

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions today announced the launch of a portal that consolidates critical data for participants in the $1 trillion syndicated loan market. Read more »

Mentality of borrowers affects lending business

Over 26 million euro loans were financed through the European P2P platform Robo.cash in eight months in 2018 that is 223% more than in the same period a year earlier. Operating according to the ‘peer-to-portfolio’ model, the platform brings together private investors and legal entities with the loan originators in Kazakhstan and Spain. This dynamic is believed to be facilitated by continuous development of the IT system and robotic scoring... more Read more »

Sageworks rolls out new Loan Automation tool

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced the launch of the Sageworks Loan Automation tool to help financial institutions increase the speed and ease of their lending processes. Read more »

Assetz Capital celebrates success with cashback offer

Leading peer-to-peer business lender, Assetz Capital, has launched a new promotion which rewards its investors with a 1% or 2% cashback bonus on newly lent funds. To benefit from the cashback offer investors simply need to invest new cash and leave it on the platform until 17th December 2018 – resulting in a 1% cash back on those funds – and if they leave those funds invested until 17th June 2019 they will receive an additional 1% cash back.... more Read more »

Assetz Capital Rewards Investors with New Refer-a-friend Scheme

Leading peer-to-peer business lender, Assetz Capital, is launching a refer-a-friend scheme designed to reward its new and existing investors. The scheme, which is exclusively available now to all Assetz Capital existing investors, pays £75 when they recommend a friend or family member who goes on to invest £1,000 or more. As well as this, the new investor will receive a £50 cash bonus after just 12 months on the platform if they continue to... more Read more »

Colendi Card Launches to Empower Financial Inclusivity and Seamless Transactions

Colendi, the microfinance and credit scoring protocol for the unbanked and underbanked, today announced the release of the Colendi Card, a debit loan card for spending and repayments. Read more »

SimpleFinance Attracts $15M in Second Round with SBI Investments

SF Holdings Company Plc, parent of MCC SimpleFinance LLC (“SimpleFinance” or the “Company”), a fintech platform providing accessible lending to small and medium-sized Russian businesses, has completed a USD 15 million equity fundraising round with an investment from the SBI Group (“SBI”). Read more »

SimpleFinance named the largest microfinance lender to SMEs in Russia

MCC SimpleFinance LLC (hereafter, “SimpleFinance” or the “Company”), a high-tech Russian company specialising in providing accessible lending to small and medium-sized Russian businesses, announces that the Company has topped the National Rating Agency’s (“NRA”) ranking of organizations in the microfinance sector.  Read more »

Spotcap Issues Quarter of a Billion in Credit Lines to Businesses

Global fintech lender Spotcap has issued more than EUR 250 million in credit lines since its launch in 2014. The company combines robust credit assessment principles with innovative technology to offer a smooth and straightforward loan experience. The fintech undertakes cash flow based, rather than credit-score based underwriting, resulting in a fair assessment of the real-time performance of a business. Read more »

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