auxmoney Secures €250 Million Investment into its Loans
- 2 years 3 months ago
- Lending
auxmoney, a leading digital-lending platform for consumer credit in Europe, has secured a EUR 250 million investment for its marketplace loans from Citigroup and Chenavari Investment Managers. After auxmoney announced to invest in loans on its own marketplace in November 2020, the fintech company is now co-investing for the first time alongside partners as part of this transaction.
YouHodler Gets Regulatory Approval to Operate in Italy
- 2 years 3 months ago
- Lending
Europe financial intermediary and FinTech platform YouHodler bolstered its European occupation by obtaining registration and regulatory approval in Italy. Currently, the company has offices in Switzerland and Cyprus and services various countries in Europe and around the world. Now, it will expand its physical presence once again in Italy.
New P2P Lending Credit Card by Elfin Aims to Shake up the Industry
- 2 years 3 months ago
- Lending
Elfin Market, the UK-based peer-to-peer lender, is pleased to announce the launch of the new “Elfin Card”, the world’s first peer-to-peer payment card. This new prepaid Mastercard gives our customers a flexible way to use their credit accounts. Alongside fee-free, almost instant transfers to their bank account (with no cash advance fees). Features Include:
ASB Successfully Activates nCino to Help Transform Business Lending
- 2 years 3 months ago
- Lending
nCino, Inc.
InCred and KKR India Financial Services Complete Merger
- 2 years 3 months ago
- Lending
InCred and KKR today announced the conclusion of the strategic merger of InCred Financial Services Limited (“InCred Finance”) and KKR India Financial Services Limited (“KIFS”).
iwoca’s Flexi-Loan Product More than Doubles to £500,000 to Meet Small Business Demand
- 2 years 4 months ago
- Lending
iwoca, one of Europe’s largest small business lenders, is today announcing that it is more than doubling the maximum size of its core lending product, Flexi-Loan, allowing small business owners to access up to £500,000.
Fintech Lender Creditspring Saving Members Over £17M in Borrowing Fees as Cost of Living Crisis Gathers Pace
- 2 years 4 months ago
- Lending
Fintech lender, Creditspring, is currently saving its members £17m in UK borrowing costs by offering a no-interest alternative to high-cost credit options, providing a lifeline to borrowers in the cost of living crisis.
FICO and Network International Build on Partnership to Help Middle East and Africa Lenders Expand Digital Economy
- 2 years 4 months ago
- Lending
Global analytics software provider FICO and Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), announced today that they have expanded their partnership to bring lenders the most powerful fraud protection and credit management solutions. These solutions, available in hosted mode from Network International, will help financial services providers expand the digital economy across the region.
Finastra Launches Embedded Consumer Lending Solution
- 2 years 4 months ago
- Lending
Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS). Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.
Lentra Acquires AI Startup TheDataTeam to Accelerate Digital Lending Platform Business
- 2 years 4 months ago
- Lending
Lentra AI Private Limited, one of the fastest-growing digital lending cloud platforms, has announced the acquisition of Chennai and Singapore-based AI company TheDataTeam (TDT). Lentra will deploy TDT’s flagship behaviour intelligence platform Cadenz to help banks and financial institutions make better data-driven decisions on customer creditworthiness based on their unique financial journey. This will help launch new innovative products for a... more
Stake Gives Investors a Piece of the Pie with New Stock Lending Product
- 2 years 5 months ago
- Lending
Leading digital broker Stake is again breaking barriers for retail investors in Australia with the launch of a brand new product, Stock Lending. Investors will be able to earn passive income on the U.S. stocks they hold with Stake by having them lent out through the securities lending market.
Alternative Lending Dominates in Asia but Bank Loans Hold Strong in Malaysia and India
- 2 years 5 months ago
- Lending
Robocash Group revealed that the lending from traditional banks is being replaced by the non-bank options with the fastest-growing rates in the Philippines and Singapore. The total opposites are Malaysia and India, where the banking sector is currently experiencing more rapid growth.
Proportunity Announces it will be Launching the UK’s First Zero Deposit Mortgage Product, as Part of its Fundraise
- 2 years 5 months ago
- Lending
Proportunity, a London-based neolender, today announces it is working on bringing the UK’s first zero deposit mortgage product to market later this year. The announcement was made as part of its crowdfunding campaign with Seedrs to grow the business and help more people in the UK become homeowners sooner.
DivideBuy Announces Several New Pivotal Hires for Commercial Senior Leadership Team
- 2 years 5 months ago
- Lending
DivideBuy, the leading UK point-of-sale (POS) finance pioneer, has today announced multiple appointments to its commercial senior leadership team to drive the company’s commercial strategy and fuel its ambitious growth trajectory.
Scroll Finance partners with Modulr to Disrupt Homeowner Financing
- 2 years 5 months ago
- Lending
Scroll Finance (Scroll), a next-generation fintech providing smart financing solutions to homeowners, has today announced that Modulr, the embedded payments platform, will power its underlying payments infrastructure.
