Articles with tag: alternative lender

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Covid era causes defaults on invoices, survey

10 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech Onguard has released a survey on finance professionals, 48% of whom observing an increase in late payments since the pandemic started.

Fintech, covid, invoices, late payments, Onguard, pandemic, finance professionals, automated debtor processes, cash flow, delayed payments, overdue payments, programme, Excel, automation, Numbers, alternative lenders

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

14 Jul 2020 | Payments General

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BoE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

Europe-based fintechs to launch a new cross-border organisation

25 Jun 2020 | Payments General

A group of Europe-based fintechs have joined forces to launch a new non-profit organisation, the European Fintech Association (EFA)

Europe, fintech, cross-border, EFA, European Fintech Association, non-profit, EU, financial services, Raisin, savings marketplace, SaaS provider, Finleap, alternative lender, Funding Circle, wealth management, Moneyfarm, digital bank, N26, money transfer, TransferWise, European Commission, digital finance strategy, Mintos, Scalable Capital, TrueLayer, Wirecard

US-based Upgrade secures USD 40 mln funding with help from Santander

18 Jun 2020 | Payments General

Alternative lender Upgrade has raised a USD 40 mln Series D funding round from investors including Santander InnoVentures.

Upgrade, Santander, Santander InnoVentures, US, funding, extended credit, alternative lender, non-bank, loans, credit cards, Union Square Ventures, Ribbit, Vy Capital, Silicon Valley Bank, Ventura Capital, Uncorrelated Ventures, financial crisis

UK-based iwoca secures CBILS accreditation

20 May 2020 | Payments General

UK-based alternative lender iwoca has received accreditation from the British Business Bank to provide Coronavirus Business Interruption Loan Scheme (CBILS) loans.

iwoca, alternative lender, British Business Bank, CBILS loans, SME, accreditation