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

Expensify Lands $100M Credit Facility From CIBC Innovation Banking

Expensify Lands $100M Credit Facility From CIBC Innovation Banking
Expensify Lands $100M Credit Facility From CIBC Innovation Banking
February 07, 2022  |  Investments

CIBC Innovation Banking has provided $100 million as a credit facility to Expensify, a payments super app helping people manage money, the companies announced Monday...

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Rent-a-Bank Model May Be Living on Borrowed Time
Rent-a-Bank Model May Be Living on Borrowed Time
February 07, 2022  |  Banking

As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny...

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Platforms Force Banks to Rethink Their BNPL Value for Small Merchants
Platforms Force Banks to Rethink Their BNPL Value for Small Merchants
February 07, 2022  |  Banking

With new entrants to the business lending environment adding competition — and then pressured by a two-year cash crunch coupled with new forms of lending...

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Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022  |  Banking

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise...

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Today in FinTech: Mos Targets Gen Z for Finance Assist; Tipalti Handles Unified eSports Payouts
Today in FinTech: Mos Targets Gen Z for Finance Assist; Tipalti Handles Unified eSports Payouts
February 06, 2022  |  Financial Inclusion

In today’s FinTech news, Gen Z banking, eSports payments and decentralized finance (DeFi) loans grab headlines, while a former Google executive heads to Brazilian payments...

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Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses
Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses
February 04, 2022  |  Loans

A Mexican lender is taking DeFi borrowing beyond crypto and into the broader financial market, extending $40 million in credit lines to small business customers....

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Automotive Lender Kuwy Launches Car Sale Platform
Automotive Lender Kuwy Launches Car Sale Platform
February 03, 2022  |  Startups

Indian automotive lending startup Kuwy has launched a Lending-as-a-Service (LaaS) platform to let customers purchase new and used cars. Get the Full Story Complete the...

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Vancouver’s TerraZero Provides ‘Metaverse Mortgage’ to Client Buying Virtual Real Estate
Vancouver’s TerraZero Provides ‘Metaverse Mortgage’ to Client Buying Virtual Real Estate
January 31, 2022  |  Metaverse

TerraZero Technologies, a metaverse tech company, has completed a ‘metaverse mortgage’ with a client, according to a Saturday (Jan. 29) press release. Get the Full...

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