HelpPays is combining micro-lending and peer-to-peer lending to help lenders provide funds without having to undertake the awkward work of overseeing repayment and to help borrowers acquire funds and build credit. The company also is promoting a crowdfunded marketplace in which would-be borrowers seek as...
The Jordanian FinTech liwwa has closed an $18.5 million pre-Series B round of equity and debt funding, Wamda reported today. The round included $4.5 million in equity investment led by existing investors, DASH Ventures, Dutch Entrepreneurial Development Bank FMO, Edgo and Bank al Etihad, in...
Digital bank Vbank and automotive technology company Autochek have partnered to provide quicker and easier auto loans to customers in Nigeria. With their new loan origination and offtaking partnership, the companies will provide an answer to loan applications within 48 hours and will offer competitive...
In this macro environment, where rising rates make traditional financing routes more onerous, FinTechs may find that high-yield accounts have high-yield payoffs. Affirm this week became the latest player to boost rates on its savings accounts, where the annual percentage yield (APY) is now 1.5%,...
How will corporate loan growth in Canada fare as interest rates rise, global economic and political uncertainty increases and the country’s economy shows signs of slowing? The chief financial officers (CFOs) of Canadian banks are considering this question after the country’s economy grew at a...
Open banking platform Tink is launching a new product that gives lenders real-time access to applicants’ fixed and discretionary spending, allowing them to make faster and more accurate affordability assessments. Expense Check from Tink will be introduced in the Nordics and the U.K. before a...
Irish FinTech company FixxFi has launched an embedded finance solution for the auto and home repair industries, the company announced in a news release Monday (Aug. 29). The firm stated that “current financial products are lacking and burdened with outdated, inflexible options. As a result,...
Payments FinTech Highline Technologies is partnering with employment data platform Argyle to bring payroll-linked lending and bill pay capabilities to lenders across the U.S. Payroll-linked lending gives consumers who typically can’t get affordable credit access to lower-cost loans that are automatically paid back directly from the borrower’s paycheck. With...
The cancellation of student debt may be a bit of a political football. Some opponents argue that the debt should not be cancelled, as the burden would be shouldered by taxpayers. Others cheer the concept but state that what’s on the table does not go...