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

Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals

Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals
Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals
November 21, 2022  |  Cryptocurrency

Cryptocurrency lender Nexo is being sued in England by investors who claim the company prevented them from withdrawing assets worth $126 million in March 2021...

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Chase Expands Special Purpose Credit Program for Small Businesses
Chase Expands Special Purpose Credit Program for Small Businesses
November 18, 2022  |  Banking

Aiming to expand credit access to businesses in historically underserved areas, Chase has announced the nationwide rollout of its Special Purpose Credit Program (SPCP). Get...

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SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
November 18, 2022  |  SMBs

Working capital remains elusive for small- to medium-sized businesses (SMBs). The risks taken by entrepreneurs with a product and a dream can be staggering, and...

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Retailers Turn Data Into New Credit Options for Consumers
Retailers Turn Data Into New Credit Options for Consumers
November 15, 2022  |  Consumer Finance

Like so many things looked at from a pre- and post-COVID perspective, the traditional methods of measuring credit worthiness — and extending credit — no...

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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...

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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...

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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...

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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...

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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...

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