AffiniPay has announced that its fee lending solution for the legal industry, Pay Later, has processed over $125 million in legal fees since its launch in April 2022. Pay Later, which is a pay-over-time product designed specifically for the legal industry, has also been used...
Boulevard has added a new capital program to its client experience platform for self-care businesses like salons, barber shops, spas and med spas. The new Boulevard Capital financial offering provides these businesses with access to fast, flexible funding based on their demonstrated business performance rather...
Point-of-sale financing firm ChargeAfter has debuted an embedded lending platform for banks. The Lending Hub, announced Monday (Mar. 4), is designed to let banks and financial institutions streamline the development, distribution and management of multiple lending products, the company said in a news release. “Banks are seeking...
The U.S. Small Business Administration (SBA) has launched an enhanced version of its Lender Match tool that connects small business owners with SBA-approved lenders. The enhanced platform provides a mobile-first user interface that delivers better access and usability, the SBA said in a Monday (March...
Following a record-breaking 2022, marked by the sale of over 10 million electric cars worldwide, the electric vehicle market has hit a speed bump in the United States, experiencing a downturn in recent months. “Earnings season’s puts and takes in the electric vehicle industry show just how long and winding...
Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and placing limits on maximum payments, Chief Financial Officer Mark Jenkins told Bloomberg News in a report posted Friday (March 1)....
InDrive, a global mobility and urban services platform, introduced a new financial services product called inDrive Money. The offering provides cash loans to drivers operating on its platform in Mexico, aiming to address the financial needs of gig workers who are often excluded by traditional...
A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge funds, pension funds, asset managers and insurers, Bank of England (BoE) deputy governor Sarah Breeden said Monday (Feb. 26). “A shift in...
The adoption of external working capital solutions has surged among growth corporates — commonly referred to as middle-market firms — in North America. This trend is driven by these solutions’ ability to address a wide range of needs, making them essential for companies seeking broad...
