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

Indian Digital Lending Startup KreditBee Raises $75 Million

Indian Digital Lending Startup KreditBee Raises $75 Million
Indian Digital Lending Startup KreditBee Raises $75 Million
February 17, 2021  |  Investments

Indian lending startup KreditBee, based in Bengaluru, is coming off a Series C round with $75 million, Mint reported. Get the Full Story Complete the form...

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Atom Collaborates With Plaid On SMB Open Banking
Atom Collaborates With Plaid On SMB Open Banking
February 16, 2021  |  B2B Payments

To launch open banking services for its clients, British financial institution Atom is teaming with open finance platform Plaid. The latter company lets clients provide...

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American Express Brings SME Loans To Canada
American Express Brings SME Loans To Canada
February 11, 2021  |  B2B Payments

American Express is rolling out business loans in Canada in an international extension of its current corporate financing offerings. American Express, which is working with...

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Everyday Credit FinTech OppFi Will Go Public Via SPAC
Everyday Credit FinTech OppFi Will Go Public Via SPAC
February 11, 2021  |  IPO

FinTech platform Opportunity Financial (OppFi) has entered into an agreement with special purpose acquisition company (SPAC) FG New American Acquisition Corp. (FGNA) to become a...

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The Future Of Grocery, eCommerce And Short-Term Lending
The Future Of Grocery, eCommerce And Short-Term Lending
February 11, 2021  |  Today In Data

Discount grocery retailer ALDI plans to expand its store count this year, with expansion focused on California, Arizona, Florida and the Northeast. In eCommerce, Seattle-based headless commerce startup Fabric, which enables...

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Short-Term Lending Shows Promise As Lifeline For Paycheck-To-Paycheck Consumer
Short-Term Lending Shows Promise As Lifeline For Paycheck-To-Paycheck Consumer
February 10, 2021  |  Loans

As the pandemic lingers and as individuals and families endure cash crunches and job losses, the exposure to unplanned expenses can reach critical levels. As...

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Main Street Lending Program Ends With Just $17.5 Billion Disbursed
Main Street Lending Program Ends With Just $17.5 Billion Disbursed
February 09, 2021  |  Loans

The Federal Reserve’s Main Street Lending Program, intended to give support to small- to medium-sized businesses (SMBs) during the pandemic, has only disbursed $17.5 billion,...

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Fed Data Shows Biggest US Banks Stagnate On Loans
Fed Data Shows Biggest US Banks Stagnate On Loans
February 09, 2021  |  Loans

The biggest U.S. banks have dialed back the portion of their balances they’re willing to use on loans to new lows, Bloomberg reported, citing data...

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Enova Loan Originations More Than Triple From Q3 To $536 Million
Enova Loan Originations More Than Triple From Q3 To $536 Million
February 04, 2021  |  Earnings

Digital lending platform Enova International reported Thursday (Feb. 4) that total revenue dropped 24 percent from the fourth quarter of 2019 to Q4 2020. However,...

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