Reward’s London and South East Office Hits £15M Loan Book Milestone
- 2 years 3 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 3 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.
Commercial Lending Startup Foro Emerges From Stealth Mode to Democratize Access to Capital For Mid-Size Businesses
- 2 years 3 months ago
- Lending
Foro, a Charlotte-based fintech startup, today emerged from stealth mode with the national launch of its digital commercial lending platform.
Forward-Thinking Group of Community Bankers Led By Summit Technology Group Launches Lenders Cooperative to Drive Innovation in Small Business, SBA and Commercial Lending
- 2 years 3 months ago
- Lending
Recognizing the need for better innovation and solutions to support community bankers’ small business and commercial lending initiatives, Summit Technology Group (STG), a boutique consulting, services and software practice for community banks, along with a large number of its bank clients, announced the official launch of Lenders Cooperative as a standalone, client-owned platform.
Allica Bank Extends Funding Range to Include Soft Assets as it Hits £200M of Asset Finance Lending
- 2 years 3 months ago
- Lending
Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft assets to meet the demand from its brokers and customers. The bank is offering financial support to help businesses finance soft assets, which may include the acquisition of IT, telecoms or security equipment, and further increasing the ways that businesses can increase their cashflow.
Responsible Lender Creditspring Sees Spike in Demand as Over Quarter of a Million Borrowers Seek Credit as Cost of Living Struggles Accelerate
- 2 years 3 months ago
- Lending
Responsible lender, Creditspring, has seen a spike in demand over the last 12 months with 260,000 members seeking credit as the cost of living crisis extends into 2023. The lender’s membership base has spiked over the last 12 months – increasing from 100,000 at the start of 2022 to over a quarter of a million today.
LendInvest Partners with British Business Bank in Landmark Deal to Support the Building of More Homes, Financed by HSBC
- 2 years 3 months ago
- Lending
LendInvest, the UK’s leading asset manager for property finance, announces a partnership with the British Business Bank to help finance smaller property developers provide more homes across the UK.
finova Launches Partnership with Loans Warehouse
- 2 years 3 months ago
- Lending
finova Payment and Mortgage Services today announces its partnership with Loans Warehouse, one of the highest-ranked second-charge mortgage brokers in the finance industry.
Fintech CEO: Federal Home Loan Bank Has No Business in Crypto
- 2 years 3 months ago
- Lending
Silvergate Bank, known for offering banking services to the emerging cryptocurrency industry, has taken advantage of a quasi-federal lending program, the Federal Home Loan Bank of San Francisco, in order to stay afloat during a run on the bank. In Q4 of 2022, the bank saw customer withdrawals of $8.1 billion, accounting for 70% of the bank’s deposits. The Federal Home Loan Bank system was created during the Great Depression in order to make... more
Temenos Launches Next-Generation AI-Driven Corporate Lending to Help Banks Tap Global Corporate Credit Growth
- 2 years 4 months ago
- Lending
Temenos today launched the next generation of its AI-driven, Corporate Lending solution to enable banks to consolidate global commercial loan portfolios and unify servicing all on the Temenos banking platform.
TradeIndia’s Digital Lending Platform Disbursed Over INR 500 Million Loan to SMEs within 6 Months of its Launch, Expects 5X Growth in 2023
- 2 years 4 months ago
- Lending
TI Lending, India’s first digital lending solution for SMEs, announced the disbursement of loans totalling more than INR 500 million to SMEs and MSMEs in the country within six months of its launch. TI Lending is an exclusive digital loan solution initiative by TradeIndia.com, India’s largest B2B marketplace. TradeIndia.com has collaborated with leading lending platforms like ICICI Bank, Mintifi, Indifi, Flexiloans, IIFL, EFL and Moneywide to... more
mPokket Turns 7, Empowering and Extending Credit to the Underserved Youth of India
- 2 years 4 months ago
- Lending
Launched in 2016, India’s youngest and fastest-growing lending platform, completes its 7 years of operation. Since its inception, within a very short period of time, the lending platform has disbursed loans amounting to INR 7000 crore to date. The company disbursed INR 3500 crore in 2022 and plans to double its originations in 2023. The business has maintained a steep growth trajectory while remaining entirely committed to its purpose of... more
Allica Doubles Maximum Loan Size to £10M and Provides Further Support to Care Home Market
- 2 years 4 months ago
- Lending
Allica Bank, the fintech challenger bank dedicated to supporting established SMEs, has doubled its maximum commercial mortgage loan size from £5 million to £10 million as it looks to ramp up support for business owners in a challenging market. In what is the largest percentage increase in the bank’s history, the new £10 million limit will cover both single loans and the combined value of multiple loans to the same customer.
Digital Lending Platform Market Revenue to Cross $59B by 2032
- 2 years 4 months ago
- Lending
As per a recent industry report put forward by Global Market Insights, Inc. Digital Lending Platform Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 59 billion by 2032 with a projected CAGR of 20.5% over 2023-2032.
Cloud-native Issuer Processor Enfuce and Orka Ventures Launch Market-first Consumer Lending Offering
- 2 years 4 months ago
- Lending
Pioneering issuer processing powerhouse, Enfuce, today announces a new partnership with Orka Ventures, the Nordic-Czech fintech holding company, to launch Orka Card, a new consumer lending card and mobile app that challenges the traditional understanding of ‘Buy Now Pay
