alternative lending

CAN Capital Announces Another Leadership Change With New CEO
CAN Capital Announces Another Leadership Change With New CEO
January 10, 2019  |  B2B Payments

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. 9) that Edward J. Siciliano has been appointed as the new chief executive...

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Prospa Agrees To Fair Lending Code Following Backlash, Nixed IPO
Prospa Agrees To Fair Lending Code Following Backlash, Nixed IPO
January 08, 2019  |  B2B Payments

Australian alternative small business lender Prospa is hoping to start the new year off right, announcing that the company will adhere to the industry’s co-called...

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Chesapeake Bank Debuts Online Loan Product
Chesapeake Bank Debuts Online Loan Product
January 04, 2019  |  B2B Payments

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars‘ Commercial Lending Center Suite. Launched in 1995, Cash Flow offers U.S. businesses faster...

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OnDeck Diversifies With Equipment Finance Loans
OnDeck Diversifies With Equipment Finance Loans
December 20, 2018  |  B2B Payments

OnDeck will be adding a new corporate financing product to its offering next year: equipment finance. In a press release issued Wednesday (Dec. 19) OnDeck said...

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How Open Banking Opens Doors For Alternative SMB Lenders
How Open Banking Opens Doors For Alternative SMB Lenders
December 17, 2018  |  B2B Payments

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it...

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China Sees Rise In ‘Auto-Backed’ Small Business Lenders
China Sees Rise In ‘Auto-Backed’ Small Business Lenders
November 28, 2018  |  B2B Payments

Some alternative lenders in China have a unique way of mitigating the risk of borrower defaults: attaching a tracking device to borrower vehicles. Reports in...

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Credit Suisse Backs Aussie Challenger Bank Judo With $250M
Credit Suisse Backs Aussie Challenger Bank Judo With $250M
November 27, 2018  |  B2B Payments

Australia-based challenger bank Judo Capital has raised more than $250 million from Credit Suisse Australia, according to reports. Business Insider Australia said Monday (November 26)...

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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
November 27, 2018  |  B2B Payments

The metaphor has been repeated countless times: Small businesses (SMBs) are the backbone of the economy. So, access to capital isn’t just essential for these...

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Sub-Prime Lending’s Late-Year Bounce
Sub-Prime Lending’s Late-Year Bounce
November 20, 2018  |  Alternative Credit

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. In the year...

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