Five Years On: Start Up Loans Data Shows Surge In Loans Taken Out In The Post-Pandemic Era
- 1 month 3 weeks ago
- Lending
Five years since the first Covid 19 lockdown, data from Start Up Loans shows there has been a surge in aspiring entrepreneurs taking out finance to bring their businesses to life. In the five years since the start of the pandemic, there has been a 21% increase in the number of first loans delivered by the programme, which is part of the British Business Bank, in comparison to the five-year period prior.*
Grasshopper Taps Top Talent To Expand And Digitize Its Lending Operations
- 1 month 3 weeks ago
- Lending
Grasshopper, the client-first digital bank built for the business and innovation economy, today announced the addition of numerous strategic hires to its lending team.
Equifax UK Launches Cloud-Native Intelligence Suite For Commercial Lenders
- 1 month 3 weeks ago
- Lending
Equifax UK has launched a new suite of solutions for commercial lenders, drawing on its fully cloud-native commercial data platform to help clients meet key business challenges with speed and agility. The Business Intelligence Suite™ harnesses cloud-hosted Commercial Credit Data Sharing and Insight attributes across a range of products to help Equifax UK clients make better decisions throughout the commercial customer lifecycle. The suite of... more
Cash App Begins Rollout Of Afterpay’s Pay Over Time Offering At Hundreds Of Thousands Of Merchants
- 1 month 4 weeks ago
- Lending
Starting this week, eligible Cash App customers will begin to have access to Afterpay’s leading pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc., have debuted an evolved brand, Cash App Afterpay, with a new logo for their checkout to expand access to a seamless Pay Over Time experience from one of the most preferred and trusted brands in the market... more
SoFi Expands Loan Platform Business With $5 Billion Agreement With Blue Owl Capital Funds
- 2 months 1 day ago
- Lending
SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.
Mastercard Partners With CredibleX To Empower SMEs With Enhanced Access To Financing
- 2 months 1 day ago
- Lending
In a new collaboration, Mastercard’s Small Business Credit Analytics (“SBCA”) will now be integrated into CredibleX’s embedded financing journey. This innovative partnership, the first utilization of this product in the region, provides CredibleX with enhanced data-driven insights based on anonymized and aggregated transaction data. It will empower small and medium enterprises (SMEs) by enhancing and simplifying their access to financing.
Československá Obchodní Banka (CSOB) Selects the nCino Platform to Modernize Commercial & SME Lending
- 2 months 3 days ago
- Lending
nCino, Inc., the leading provider of intelligent, best-in-class banking solutions, today 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 operations.
Rapid Finance Helps Community Financial Institutions Scale SMB Lending and Boost Non-Interest Income With Its Integrated LOS and Funding Network
- 2 months 4 days ago
- Lending
At ICBA LIVE, Rapid Finance has announced a significant enhancement to its Decisioneer loan origination software – seamless, one-button integration with the trusted Rapid Finance Funding Network. This powerful enhancement now unlocks new non-interest income streams for community banks when effortlessly referring loan applications that fall outside their lending criteria.
Milo Surpasses $65 Million in Crypto Mortgage Volume, Reinforcing Real-World Utility for Digital Assets
- 2 months 4 days ago
- Lending
Milo, a financial technology company and the pioneer in crypto mortgage lending, has achieved a significant milestone by surpassing $65 million in total loan volume for its crypto mortgage offering. This accomplishment highlights the increasing demand for alternative financing solutions and validates the use of Bitcoin (BTC) and Ethereum (ETH) as viable assets for securing homeownership.
Smartpay Announces Japan's First "Embedded Insurance Service" in BNPL in Partnership With Chubb
- 2 months 5 days ago
- Lending
Smartpay Corporation, provider of the "Smartpay" Buy Now Pay Later service, announces the launch of embedded insurance products in the Japanese market, following one year of partnership with Chubb Insurance Japan (Headquarters: Shinagawa-ku, Tokyo; President: Edward Kopp; hereinafter "Chubb Japan"), the Japanese subsidiary of Chubb Group, a world leader in insurance. Current Challenges in the Insurance Industry
Women Borrow 22% More for Debt Consolidation, LoanTube Consumer Borrowing Trends Report Reveals Ahead of International Women’s Day
- 2 months 1 week ago
- Lending
LoanTube, a leading digital credit marketplace, today released a report analysing consumer borrowing trends amongst female consumers ahead of International Women’s Day.
OakNorth Pre-Tax Profits Surge to £215M ($272M) as It Surpasses £12.5Bn ($15.7Bn) in Lending and Continues US Expansion
- 2 months 1 week ago
- Lending
OakNorth - the leading digital bank for entrepreneurs, by entrepreneurs - today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m). OakNorth provided over £2.1bn ($2.6bn) of gross new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses across the UK and the US.
Zip Announces Partnership With GameStop
- 2 months 1 week ago
- Lending
GameStop Corp. and Zip Co., the digital financial services company offering innovative, people-centered products, today announced a partnership in which Zip will be GameStop’s primary pay-in-installments service for online and in-store customers in the U.S.
Fast-Growing Fintech Firenze and Monument Bank Forge £160M Strategic Partnership to Expand Lombard Lending Access
- 2 months 2 weeks ago
- Lending
Firenze, the fast-growing fintech offering Lombard lending to wealth managers, has formed a strategic partnership with Monument Bank, the UK’s first challenger bank dedicated to the mass-affluent segment. Monument has committed a £160m funding line to Firenze, empowering the fintech to scale its Lombard loan offering for wealth management firms while reinforcing Monument’s position as a leading provider of tailored financial solutions to its... more
Affirm and Shopify Expand Multi-Year Partnership to Global Markets
- 2 months 3 weeks ago
- Lending
Affirm, the payment network that empowers consumers and helps merchants drive growth, and Shopify, a provider of essential internet infrastructure for commerce, today announced an expanded global agreement. The renewed multi-year partnership cements Affirm’s position as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. It also extends this exclusivity into Shopify’s home market of Canada and enables the partnership to... more
