Articles with tag: lenders

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The UK Chancelor of the Exchequer extends CBILS

28 Sep 2020 | Payments General

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

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

Artis adds USD 1.5 mln through new funding

26 Aug 2020 | Payments General

US-based fintech startup Artis has opened a new seeding round in support of onboarding first financial partners and growing capabilities of consumer loan platforms.

Artis Technologies, Artis, fintech, startup, US, United States, seeding round, funding, onboarding, financial partners, consumer loan platforms, lending, financing, Fintech Ventures Fund, debt, equity financing, Artis Connect, Artis Credit, banks, credit unions, lenders, financial institutions

China-based P2P lenders report USD 115 bln in losses due to scams

17 Aug 2020 | Digital Identity, Security & Online Fraud

Peer to peer (P2P) investors based in China have reported losses of over USD 115 billion in unpaid debt, due to failed lending platforms.

China, P2P lending, lenders, P2P lenders, scams, losses, unpaid debt, lending platforms, Chinese Banking Regulatory Commission, regulators, funds, investigations, scammers, fraudulent schemes

UK-based lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

Alchemy, LoanPaymentPro partner for real-time payment solutions

30 Jul 2020 | Payments General

SaaS fintech Alchemy has partnered with payment and funding solution LoanPaymentPro to provide lenders and finance companies multiple consumer-facing fund disbursement and payment products.

Alchemy, LoanPaymentPro, partnership, real time payment solutions, SaaS, payments, lenders, finance companies, fund disbursement, payment products, debit card validation, debit cards, ACH, remote checks, APIs, fintech, banks, cloud, white label, mobile payments, online payments, fraud prevention

Nordigen obtains payment license from Latvia's financial regulator

28 Jul 2020 | Payments General

The Financial and Capital Markets Commission (FKTK) has approved Latvia-based fintech Nordigen as a payment institution.

fintech, innovative, payments, financial regulator, Financial and Capital Markets Commission, FKTK, Latvia Nordigen, SIA Nordigen Solution, online payments, data, banks, lenders, open banking, banking

Zopa partners with Paylink Solutions

23 Jul 2020 | Online & Mobile Banking

Zopa has teamed up with Paylink Solutions, a software provider, to support its customers amid the COVID-19 pandemic.

Zopa, Paylink Solutions, data, partnership, software, COVID-19, coronavirus, pandemic, P2P, digital bank, digital, banks, cloud-based, Embark, payments, open banking, banking, Credit Reference Agency, lenders, loans, PayPlan, UK, API

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

Wells Fargo pledges USD 400 mln for small business support following PPP payout

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

Wells Fargo has announced donations over USD 400 million toward helping small businesses recover from the coronavirus pandemic.

Wells Fargo, US, United States, small business, PPP, payout, coronavirus, pandemic, Payroll Protection Program, community lenders, black entrepreneurs

China develops a program to keep large transactions in check

08 Jul 2020 | Digital Identity, Security & Online Fraud

China has imposed a program to keep large transactions in check amid concerns over the state of its financial in the wake of the COVID-19 outbreak.

China, transactions, banks, coronavirus, COVID-19, People’s Bank of China, Hebei, Zhejiang, Shenzhen, lenders

Lendio provides USD 8 bln in PPP loans to small businesses

03 Jul 2020 | E-invoicing, SCF & E-procurement

Online lending platform Lendio has facilitated USD 8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date.

Lendio, PPP loans, small businesses, US, United States, COVID-19, relief funds, CARES Act, small business aid program, fintech, lenders, financial institutions

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

11 Jun 2020 | Payments General

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

ChargeAfter teams up with MUFG Innovation to expand POS usage

09 Jun 2020 | Online Payments

US-based ChargeAfter, a POS financing platform, has partnered MUFG Innovation to equip retailers with tools to approve applications for POS Financing from multiple lenders.

MUFG Innovation, partnership, POS, ChargeAfter, US, retailers, lenders, technology, banks, ecommerce, onboarding, merchants

OakNorth receives GBP 160 mln in government-backed loans

22 May 2020 | Payments General

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

OmniBnk launches in Colombia to finance SMEs

15 May 2020 | Payments General

Chile-based neobank OmniBnk has entered the Colombian market to help small businesses.

OmniBnk, neobank, small businesses, SME, financing, Capital Logistic, line of credit, lenders

Western Union, approved PPP lender

14 May 2020 | E-invoicing, SCF & E-procurement

Western Union has been named one of the non-bank approved lenders under the US Small Business Administration's (SBA) Paycheck Protection Program (PPP)

Western Union, banks, PPP, lenders, Small Business Administration, SBA, Paycheck Protection Program, US, coronavirus, COVID-19, loans

Singapore-based lending platform Validus secures USD 20 mln investment

12 May 2020 | Payments General

The Singapore-based Peer-to-Peer (P2P) lending platform Validus has raised USD 20 million to help finance Small- to medium-sized businesses (SMBs).

Validus, Singapore, Southeast Asia, investment, p2p lending platform, peer to peer, SMB, small to medium business, growth capital, series b, financing gap, accredited lenders, corporate vendor financing, covid-19, working capital

Figopara secures USD 1 mln in financing round

11 May 2020 | Online & Mobile Banking

Turkey-based fintech Figopara has raised a million dollars in its second financing round.

Turkey, fintech, Figopara, IFC, The World Bank’s International Finance Corporation, Revo Capital, Endeavor Catalyst, SMEs, invoices, lenders, Akbank, Fibabanka, ING Turkey, Yapi Kredi Bank

SpotOn teams up with SoFi

06 May 2020 | E-invoicing, SCF & E-procurement

SpotOn, a US-based software and payments company, has partnered with SoFi, an online personal finance company, to provide merchants access to lenders who can help them.

SpotOn, SoFi, partnership, SMBs, Federal Stimulus Loan Programs, merchants, lenders, EIDL, PPP, CARES Act, loans, payments, POS, software, customer care