digital lending

SoFi’s Membership Growth Slows to 70% as Triple-Digit Pandemic Gains Fade
SoFi’s Membership Growth Slows to 70% as Triple-Digit Pandemic Gains Fade
May 10, 2022  |  Earnings

Push the wrong button — sink a stock.  By now the world knows that SoFi’s stock slid on Tuesday in the wake of a trading...

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Upstart Debuts AI Lending Platform on Salesforce AppExchange
Upstart Debuts AI Lending Platform on Salesforce AppExchange
May 04, 2022  |  Artificial Intelligence

Artificial intelligence (AI) lending platform Upstart will be debuting Upstart AI Lending for Salesforce, which will bring AI-based lending to the financial services industry, a...

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Lenders Use Automation, Data and Payments Tech to Shorten Approval, Payout Process
Lenders Use Automation, Data and Payments Tech to Shorten Approval, Payout Process
November 30, 2021  |  Disbursements

Lending has become increasingly streamlined, including automated approvals and disbursements, but the pandemic demonstrated weaknesses in digital lending. Demand for both consumer and small business...

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Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
July 24, 2020  |  Loans

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green...

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

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Indonesian Lending FinTech JULO Closes $15M Series A
Indonesian Lending FinTech JULO Closes $15M Series A
September 18, 2019  |  Investments

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding...

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China’s Central Bank To More Tightly Control Chinese FinTechs
China’s Central Bank To More Tightly Control Chinese FinTechs
September 02, 2019  |  Banking

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech, blockchain and digital lending markets....

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Marketplace Lending At The Crux Of Changing SMB Finance Tides
Marketplace Lending At The Crux Of Changing SMB Finance Tides
May 31, 2019  |  B2B Payments

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses...

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SoftBank Invests $1B Into Wirecard
SoftBank Invests $1B Into Wirecard
April 24, 2019  |  Investments

Wirecard, the German financial company, and Japan’s SoftBank Group announced Wednesday (April 24)  a deal in which SoftBank will invest about EUR 900 million in...

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