Inclusive Female-led Lender Approves £4M to UK SMEs in 12 Months of CBILS
- 4 years 2 months ago
- Lending
A year since it was awarded CBILS lender status, responsible lender, AskIf, can now reveal it has approved close to £4m to deserving SMEs and micro businesses, playing an essential role in the national push to help businesses survive and thrive. AskIf has delivered on its mission to be an inclusive lender with 17% of CBILS loans distributed to BAME-owned businesses, and 22% to female-led businesses.
mPokket Announces Appointment of New Chief Financial Officer
- 4 years 2 months ago
- Lending, People Moves
mPokket – an Instant Loan App providing loans to college students and young working professionals – has appointed Mr. Sanjoy Kumar Agarwal as their new Chief Financial Officer (CFO). Mr. Agarwal will manage the financial operations at mPokket. He will be responsible for creating robust, iterative development plans for long-term strategy while resolving key financial issues. His role will be critical in achieving core business objectives, while... more
IndiaLends Кaises US$5.1M From Existing Investors ACP Partners and DSG Consumer Partners
- 4 years 2 months ago
- Lending, Platform Technology
Major digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners. The Delhi NCR based firm will use the funds to expand its technology platform, increase its market footprint and amplify its product offerings to meet the pent-up demand in a post-COVID economic recovery.
Landbay and Allica Bank Launch Five-Year Partnership with Funding to Support Expansion of BTL Portfolio
- 4 years 2 months ago
- Lending
Landbay, one of the UK’s leading mortgage lending platforms, has launched a new five-year funding partnership worth £200m of originations per annum. Landbay has partnered with Allica Bank to fund its buy-to-let mortgages over the next five years. Allica Bank, the leading challenger bank for established small and medium-sized enterprises (SMEs), will fund a range of residential buy-to-let mortgages originated by Landbay.
Robocash Group Issued 1Bn USD Worth of Loans
- 4 years 2 months ago
- Artificial Intelligence, Lending, Financial
The group notes that the volume of loans has been increasing annually since its inception. There was a particularly strong growth in the last quarter of 2020 and in 2021, which confirms a rising demand for alternative lending.
Nivo to Partner with Sercle, Omnio’s Credit Union Business
- 4 years 2 months ago
- Lending
Sercle, the Credit Union arm of Omnio Group has announced its partnership with Nivo to integrate its services with Omnio’s market leading platform. Through the partnership, every Sercle Credit Union can offer members a market-leading mobile experience with full access to Nivo’s secure messaging and onboarding technology.
HPD LENDSCAPE Renews Commitment to Spanish Market by Becoming Official Member of the Spanish Association of Factoring
HPD Lendscape, a leading international secured-lending platform vendor, today announces that it has become an official member of The Spanish Association of Factoring (AEF). The announcement comes at a time when HPD Lendscape is particularly focused on serving the Iberian market, having just launched a new Spanish-language website.
Leading European Fintech Capital on Tap Launches SMB Credit Card in the US
- 4 years 2 months ago
- Lending
Capital on Tap, a leading European Digital B2B lender listed by Forbes as one of the fastest-growing companies in the UK is launching in the United States, providing access to much-needed financial support for American small and medium-sized businesses (SMBs) through its innovative business credit card proposition. Capital on Tap is partnering with WebBank, which is the issuer and lender in the Capital on Tap credit card program.
Nucleus Commercial Finance Launches the First Post-Cbils Product to Support SMEs
- 4 years 2 months ago
- Lending
Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced the launch of Business Growth Loans. This is the first product of its kind designed to support SMEs as a top-up to the government’s Coronavirus Business Interruption Loan Scheme (CBILS), as well as helping businesses nationwide with additional funding once the scheme ends.
Atom Hits Business Lending Target Early
- 4 years 2 months ago
- Lending
Atom bank, the UK’s first app-only bank, has seen overwhelming interest for its CBILS-backed secured loans, helping the bank reach its 2020-2021 lending targets one month ahead of plan. To date, Durham-based Atom have issued 1,251 quotes for their secured CBILS loans using their Quick Quote tool, resulting in over 700 applications with a value of well over £500mn, which includes £150mn received in the past week.
PayPal Is The Largest Non-bank Lender With Over $54B In Total Assets
Non-bank lenders have become a popular alternative to traditional banks when it comes to acquiring loans. According to data presented by TradingPlatforms.com, PayPal is the largest non-bank lender in the world with $54.27B in total assets.
Atom Bank and Credit Kudos Partner to Help Small Businesses Bounce Back
Atom bank is partnering with fintech Credit Kudos to further enhance its open data capabilities for business loan affordability assessments and deliver £1bn in lending over the next two years.
Citadele Prepares for Growth by Investing in Flexible Infrastructure Provided by the Cloud-Based nCino Bank Operating System®
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Citadele Bank, the second largest bank in Latvia by assets, will adopt the nCino Bank Operating System to help modernise its Corporate lending business i
FreshBooks Chooses Salt Edge to Bring Digital Makeover to Accounting Via Open Banking
FreshBooks, a leading accounting software available in over 160 countries, joined forces with Salt Edge, a pioneer in developing open banking solutions, to help their growing EU client base in managing business finance processes easier.
Blue Motor Finance and Credit Kudos Partner to Increase Acceptances with Open Banking Insights
- 4 years 3 months ago
- Lending
Fintech lender, Blue, has announced a new partnership with challenger credit reference agency and Open Banking provider, Credit Kudos, to extend its services to even more customers.
