Articles with tag: loan

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Metro Bank acquires RateSetter

04 Aug 2020 | Payments General

Metro Bank has announced its intention to purchase peer-to-peer lender RateSetter for up to USD 15.6 million.

Metro Bank, banks, P2P, lender, RateSetter, UK, regulators, loans, Australia

iwoca secures USD 130 mln in funding round

03 Aug 2020 | Payments General

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

iwoca, CBILS, loans, SMEs, lender, banks, partnership

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

Venio launches nano-credit mobile app in Philippines

29 Jul 2020 | Online & Mobile Banking

Venio, a mobile app providing nano-credit facilities to consumers in emerging markets, has begun offering credit facilities to unbanked consumers in Philippines. 

Venio, lending, mobile app, nano-credit, unbanked, Philippines, World Bank Group, loans, retail, network

Bankera launches business loans for digital SMEs

28 Jul 2020 | Online & Mobile Banking

Lithuania-based fintech Bankera has started to offer business loans for small and medium-sized enterprises (SMEs). 

Bankera, business loans, SMEs, digital sector, covid19, Bankerea Business Loans, European Commission, hackathon, lending solution, Lithuania, Europe, business invoice financing, refinancing, short-term lending services

P2P fintech backed by Ping An Insurance aims for IPO in the US in 2020

27 Jul 2020 | Payments General

Lufax Holding, which runs an online wealth management and peer-to-peer lending platform, has announced plans for an initial public offering in the US in 2020.

Ping An Insurance, loans, P2P, lending, IPO, Lufax Holding, China

TBC Bank goes live with Capital Banking Solutions in Uzbekistan

27 Jul 2020 | Payments General

TBC Bank, an Uzbekistan-based digital bank and the subsidiary of TBC banking group in Georgia, has selected Capital Banking Solutions, a global provider of integrated banking software.

deposits banking services, loans, partnership, TBC Bank, Georgia, Capital Banking Solutions, digital bank

Estonia-based EstateGuru launches new payment system for Europe

24 Jul 2020 | Payments General

P2P lending platform EstateGuru has implemented fellow European fintech Lemonway’s payment facilities as it tackles full European launch. 

EstateGuru, lending, P2P lending, Estonia, Europe, Lemonway, fintech, payment, loans, Latvia, Poland, Germany, Spain, Finland, European Union, Lemonway IBAN, investor, BNP Paribas, alternative lending, Onfido, ID verification

Digital bank 86 400 teams up with Australian Finance Group

24 Jul 2020 | Online & Mobile Banking

Australia-based digital bank 86 400 has partnered with Australian Finance Group (AFG), to expand its home loan broker distribution network. 

86 400, loans, AFG, partnership, Australia, digital bank, digital, banks, Australia Finance Group, network, mortgage, Own Home Loan

Flowe partners with SIA to develop digital banking services

23 Jul 2020 | Payments General

Flowe has partnered with SIA, the European hi-tech company in the payment services and infrastructures sector, to support the offer of digital services in the areas of e-money, payments, current accounts, loans, and savings management. 

Flowe, SIA, digital banking, payments, loans, savings

Selina Finance announces USD 53 mln funding round to expand its business

23 Jul 2020 | Payments General

Selina Finance, a company that provides loans to SMEs in the form of flexible credit facilities, has raised USD 53 million.

loans, SMEs, funding, Selina, UK, mortgages, banking, fintech, lending, property

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

Investor exists Credit Suisse Funds

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

SoftBank has pulled a more than USD 500 million investment from Credit Suisse’s supply chain finance funds. 

SoftBank, Credit Suisse, supply chain finance, SCF, loans, Greensill, Vision Fund, payments, invoice

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

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

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

Sberbank may be able to write off USD 2 billion state loan - Reuters

22 Jul 2020 | Payments General

Sberbank may be allowed to write off USD 2 billion in a subordinated loan from Russia’s Central Bank as part of the state’s support for its largest bank during the COVID-19 crisis, according to Reuters.

loans, Covid-19, financial services, Russia, lockdown, Sberbank, Russia Central Bank, finance ministry

Morgan Stanley to share its climate impact

21 Jul 2020 | Online & Mobile Banking

US-based bank Morgan Stanley has announced plans to publicly disclose how much its loans and investments contribute to climate change.

Morgan Stanley, US, United States, bank, loans, investments, climate change, climate impact, financial regulators, fossil fuels, government policies, greenhouse gas emissions, Partnership for Carbon Accounting Financials, financial company, financial institutions

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

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

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

Natixis plans to focus on environmentally friendly lending

20 Jul 2020 | Payments General

France-based bank Natixis has announced commodities and infrastructure operations merger to focus on clean energy.

Natixis, environmentally friendly, lending, France, loans, oil traders, oil price collapse, bankruptcies, greener fuel, European bank, financial penalties, Green Weighting Factor

UK Chancellor's announcement highlights SME's viability being shaken

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

UK’s Chancellor has announced that is expected to allow repayment flexibility to the SMEs that have taken advantage of the Coronavirus Loan Schemes.

SME, UK, Coronavirus Loan Scheme, coronavirus, COVID-19, CBILS, Funding Xchange, loans, banks, RBS Pool E Remedies Fund, BCR, data, open banking, banking

Yapily, Salad Money to provide NHS staff with cheaper loans

15 Jul 2020 | Payments General

Open banking provider Yapily and ethical fintech Salad Money have announced a partnership to help NHS staff find cheaper loan options. 

Yapily, Salad Money, NHS, loans, credit options, API, financial information, bank account, lending, loan application, UK, United Kingdom, pandemic