Businesses across Europe have reported vastly different experiences in their efforts to secure the financial support promised by their respective...
Thiago Piau runs StoneCo Ltd. a company which has been successful in the payments space dominated by Brazil’s largest banks;...
According to National Mortgage News nine lenders including loanDepot were warned last year that they could be removed from the...
Funding Circle’s SME Income Fund has closed a funding deal with Citibank; according to the AltFi, “Under the terms of the agreement Citibank London will provide £50m of funding into the transaction, by entering into a senior, floating rate loan. The fund will contribute a portfolio of existing UK small business loans at par, and in return shall receive ?the approximately £50m of cash to be deployed in accordance with its investment policy, and junior notes.” Source
CreditMate is a Mumbai based fintech startup; they help dealers and financiers provide vehicle loans to those with no formal credit history; Paytm plans to partner with the firm as part of the investment. Source
The lending partnership with allow small and medium sized businesses who sell products eBay to access capital; it is made...
Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
The non-bank lender launched two new initiatives to expand their mello brand; the home improvement venture will launch later this year and will provide loans up to $75,000 at the point of sale.
Salt Lending has written a blog post sharing the immense amount of interest in their blockchain backed loans; since launching on December 28th, 2017 they have issued $23 million in loans yet there is still demand of over $1.3 billion; the company is working on scaling and automating processes, but is focusing on addressing existing demand before adding new members. Source
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...