Lending

P2P Lending Aims at Business

2 years 5 months ago
Lending

In 2022, the business sector expanded by 76% compared to the previous year. European P2P consumer lending reduced the pace of growth. Last year, the most popular P2P segment of consumer lending had reduced volumes. According to P2PMarketData, the decline was -25%.

iwoca SME Expert Index: High Street Banks Cut Lending to SMEs as Demand for Finance Grows

2 years 6 months ago
Lending

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are reducing their lending appetite, according to iwoca’s latest SME Expert Index.

Lending Platform mPokket to Expand its Workforce by March 2023

2 years 6 months ago
Lending

Digital lending platform mPokket plans to expand its team strength by March 2023 across all verticals, as part of its mission to empower India’s youth and maintain its growth trajectory. The total number of employees at the Kolkata-based company stands at 2700 including employees at it’s Bangalore office.

Lentra Forays into Southeast Asia; Aims to Reach $100M in ARR by 2024

2 years 6 months ago
Lending

Lentra, a leading digital lending cloud platform has announced its entry into South East Asian economies of Indonesia, the Philippines, and Vietnam to cater to their growing digital lending needs. With this expansion, Lentra aims to reach $100M in annual recurring revenue (ARR) by March 2024. The move follows the company’s latest fundraise of USD 60 million in a Series B round led by Bessemer Venture Partners, Susquehanna International Group (... more

FACE's Statement on Illegal Lending Apps Ban

2 years 6 months ago
Lending

Fintech Association for Consumer Empowerment (FACE) is an industry body of fintech lenders working towards building a consumer-first ecosystem for digital lending that is responsible and responsive to consumers’ needs. FACE wholeheartedly supports the Central Government's actions and the policy intent to ban predatory lending apps with dubious antecedents.

SNB Capital Begins Saudi Securities Lending Journey with Broadridge

2 years 6 months ago
Lending

To address recent regulatory changes, SNB Capital has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), to help build its local securities lending and borrowing business. As the largest broker and asset manager by market share in 2022 and a leading custodian in Saudi Arabia, SNB Capital will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution to grow the coverage of its Securities... more

Tarabut Gateway Partners With KSA Micro-Lending Pioneer Tamam

2 years 6 months ago
Lending

Tarabut Gateway, MENA’s leading regulated open banking platform, announces a new partnership with Tamam at LEAP Riyadh 2023. Tamam is a Shariah-compliant micro-lending service provider based in Saudi Arabia and a subsidiary of Zain, a leading telecommunications company in the MENA region.

ING and vc trade Join Forces to Digitise Lending Business

2 years 6 months ago
Lending

ING announced today that it has spun out Loan Optics to vc trade GmbH, the leading digital platform in the market for private placement and promissory note loans. Loan Optics technology enables all stakeholders in the syndicated loan market (banks, borrowers, lawyers, advisers and agents) to cooperate on one central platform to originate, structure, document and negotiate digitally native loans – creating digital loan data in the process.

Freedom Finance Adds 22 Products to its Digital Lending Marketplace

2 years 6 months ago
Lending

Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce the continued development of its platform with more products and providers joining the panel. Well-known brands like Santander, ASDA Money and Admiral (please see a full list below this press release) have joined or extended their offering on the marketplace and added more personal loans, mortgages, credit cards, auto finance and other lending... more

Loans Available at Conotoxia for a Larger Amount and for 12 Months

2 years 6 months ago
Lending

Conotoxia, a global fintech from Poland, introduces a novelty in terms of its multi-currency lending services. Customers can now apply for up to 5,000 PLN or the equivalent amount in euros, dollars, pounds or francs and repay the liability in 12 instalments.

Freedom Finance Deepens Partnership with Lender Koyo

2 years 6 months ago
Lending

Freedom Finance, one of the UK’s leading digital marketplaces, is delighted to announce that it has extended its relationship with Koyo – a key partner already providing loans through Freedom Finance’s panel. From today, customers declined for loans from Koyo will automatically be able to connect to Freedom Finance’s proprietary matching marketplace.

OrangeGrid’s Mortgage Servicing Solution Now Live at Flagstar Bank

2 years 6 months ago
Lending

OrangeGrid, a provider of mortgage servicing software, announces Flagstar Bank, a national leader in mortgage lending and servicing, has implemented mortgage servicing software provided by OrangeGrid to manage its loss mitigation processes and enhance internal efficiencies.

Reward’s London and South East Office Hits £15M Loan Book Milestone

2 years 6 months ago
Lending

Reward Finance Group has reached a key business milestone by growing its regional loan book to £15m in London and the South East, with the SME lender also opening its London operational centre late last year and quadrupling the size of its team. Reward has supported over 40 firms across the region by providing the working capital to drive increased revenue, innovate, create new jobs or navigate through a difficult trading period.

Salford Financial Services Business Rewards High-flying Apprentice With Key Role

2 years 6 months ago
Lending

Salford-based Cerberus Receivables Management (CRM) has promoted Theresa Divers to the role of Receivables Executive after a hugely successful two-year apprenticeship with the firm.