How To Determine Legitimate Loan Companies
- 4 years 2 weeks ago
- Lending
Having a business loan may seem necessary if you're trying to expand your company. For whatever reasons you're getting a loan, you should be careful where you apply for one. Even if loans and borrowing money from licensed moneylenders have been a thing since decades ago, people still get scammed and cheated on. In Singapore, you can search up the list of legitimate money lending agencies to know which licensed money lender are you going to apply... more
CFPB Issues Reports Detailing Mortgage Borrowers’ Continuing COVID-19 Challenges
- 4 years 2 weeks ago
- Lending
The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn. The first report documents that Black and Hispanic mortgage borrowers are much more likely to be delinquent or in a forbearance program than white borrowers. In a second report, the CFPB reports that overall mortgage complaints to the CFPB have risen... more
B-North Adds to ‘Bridge Round’ with Overfunded Raise
B-North, the Manchester-based firm building an SME lending bank for the UK, has so far raised more than £560,000, exceeding the £500,000 target set in an extension of its latest funding round. B-North will use the investment to further extend their cash runway as the business continues to make strong progress with the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) licensing process and closes in on completing a £20m... more
X-Margin and Fireblocks Unlock Portfolio Lending for Institutional Trading of Digital Assets
- 4 years 1 month ago
- Lending, Trading Systems, Financial
X-Margin, a pioneer in applying privacy technology to credit and financial market risk, and Fireblocks, a leading digital asset infrastructure provider, today announce a partnership enabling financial institutions to source credit for cross exchange trading without revealing positions and other sensitive information to lenders.
LenDenClub to Triple Hiring in FY 21-22
- 4 years 1 month ago
- Lending
LenDenClub, India’s fastest growing peer-to-peer (P2P) lending platform recently announced that they have scaled up their hiring by threefold vis-à-vis last year, offering employment to approximately 45 new candidates including both lateral and campus hires. The company is eyeing to triple its current team size from a headcount of 60 to approximately 180 by the end of the financial year.
SimplyBiz Mortgages Adds MPowered Mortgages to Panel
- 4 years 1 month ago
- Lending
SimplyBiz Mortgages has added new lender MPowered Mortgages to its lender panel. MPowered Mortgages, brought to you by MQube, offers lending for buy-to-let individual, limited company and portfolio landlords, now available to members of SimplyBiz Mortgages.
Glenhawk to Partner with Twenty7Tec as it Eyes Further Loan Book Growth
- 4 years 1 month ago
- Lending
Glenhawk, the fast-growing UK challenger lender, has partnered with mortgage platform provider Twenty7Tec. Glenhawk’s regulated products will be available on Twenty7Tec’s proprietary SOURCE platform, which has seen a significant increase in users during the pandemic, as a result of the resilient homeowner market and continued retrenchment of the high street banks.
Recovery Loan Scheme Opens to Support Businesses as they Recover from the Pandemic
- 4 years 1 month ago
- Lending
The Recovery Loan Scheme, a new scheme to support access to finance for UK businesses as they recover and grow following the pandemic, opens to applications from today. The scheme, announced at the Budget on 3 March 2021, is scheduled to run until 31 December 2021, subject to review.
NatWest Offers Businesses up to £1million of Cashflow Support to Aid Recovery
NatWest has today announced that it will offer SMEs up to £1million of cashflow funding through its digital overdraft alternative Rapid Cash, as it looks to support UK SMEs as they enter the next phase of economic recovery.
HPD Lendscape Expands Mangement Team With CFO Hire
- 4 years 1 month ago
- Lending, People Moves
HPD Lendscape, a leading international secured lending platform vendor, has appointed Geoff Snowden as its new Chief Financial Officer to oversee strategic expansion projects to drive its ambitious growth strategy. Geoff brings a wealth of experience to the company and has more than 15 years’ experience in the media, tech, data and professional services sectors.
£50m Small Business Fund Launched to Help Businesses Recover Post-Covid
One of the UK’s top alternative SME fintech lenders has announced a new £50 million Small Business Fund, which has been created to support SMEs that require additional finance to kickstart their recovery. Capify, which has provided finance to thousands of small and medium-sized businesses for more than a decade, will now offer business funding of up to £1m specifically to help the UK’s small businesses post-Covid.
LenDenClub is Now the First P2P Lending Platform on Google Pay
- 4 years 2 months ago
- Lending
LenDenClub, one of the leading peer-to-peer (P2P) lending platforms in India, today said that it has integrated with Google Pay and is now live on its platform. It is the first P2P lending company to integrate with the tech platform. With this integration, customers of GPay can now lend and borrow through LenDenClub as seamlessly as they can make payments through the platform.
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.
