Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Egyptian Digital Lender Blnk Raises $32M
Egyptian Digital Lender Blnk Raises $32M
November 10, 2022  |  Investments

Blnk, an Egyptian buy now, pay later (BNPL) startup, has raised $23.7 million in equity and debt funding and a further $8.3 million via securitized...

READ MORE >
Virgin Money Accredited Under UK’s General Export Facility Program
Virgin Money Accredited Under UK’s General Export Facility Program
November 06, 2022  |  emea

Financial service firm Virgin Money has joined the English government’s General Export Facility (GEF), opening up access to financial support to the company’s business clients...

READ MORE >
British Financial Watchdog Cracks Down on Unfair Lenders
British Financial Watchdog Cracks Down on Unfair Lenders
November 03, 2022  |  Bank Regulation

The U.K.’s top financial watchdog is giving banks in that country an ultimatum: treat customers struggling with Britain’s cost-of-living crisis fairly, or be barred from...

READ MORE >
Cashfree Payments Unveils New Tool for Digital Lending
Cashfree Payments Unveils New Tool for Digital Lending
October 27, 2022  |  Digital Payments

India’s Cashfree Payments has debuted a new tool it says is designed to help non-banking financial companies meet the country’s new digital lending rules. Get...

READ MORE >
LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
October 26, 2022  |  Banking

LendingClub’s latest results, in the words of CEO Scott Sanborn, tell a story of “two halves” of 2022 as interest rates continue to soar: Get...

READ MORE >
Krea and Klarna Tout Success of SME Loan Program
Krea and Klarna Tout Success of SME Loan Program
October 26, 2022  |  Loans

Swedish FinTechs Krea and Klarna said Wednesday (Oct. 26) that their partnership has helped small and medium-sized enterprises (SMEs) in that country receive larger loan...

READ MORE >
NY’s Fin Services Regulator Issues Revised Data Collection Proposal
NY’s Fin Services Regulator Issues Revised Data Collection Proposal
October 26, 2022  |  Regulation

New York State Superintendent of Financial Services Adrienne A. Harris has issued a revised proposed regulation that would allow the state’s Department of Financial Services...

READ MORE >
Dutch B2B Lending Platform Floryn Secures $64M From NatWest
Dutch B2B Lending Platform Floryn Secures $64M From NatWest
October 24, 2022  |  Investments

Floryn, a Netherlands-based online lending firm for small- to medium-sized businesses (SMBs), announced on Friday (Oct. 21) that it has raised 65 million euros ($64...

READ MORE >
Former Grab Lending Head Joins Digital Lender Julo
Former Grab Lending Head Joins Digital Lender Julo
October 18, 2022  |  Digital Payments

The former head of lending for Grab Holdings, Ankur Mehrotra, is joining Indonesian fintech startup Julo, which focuses on digital lending, a Bloomberg report noted....

READ MORE >