loans

Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses

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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Sumitomo Mitsui Credit Facility Helps Lafayette Square Invest in Underserved Businesses
Sumitomo Mitsui Credit Facility Helps Lafayette Square Invest in Underserved Businesses
February 03, 2022  |  Investments

Investment firm Lafayette Square and its affiliates on Thursday (Feb. 3) signed a debt financing deal in the form of a credit facility of up...

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Amount Snaps Up Linear to Power Loan Origination Programs
Amount Snaps Up Linear to Power Loan Origination Programs
February 01, 2022  |  Acquisitions

Banking tech provider Amount is acquiring small business and account origination platform Linear Financial Technologies for an undisclosed amount, the companies announced on Tuesday (Feb....

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Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
January 30, 2022  |  Investments

Bizi, a FinTech company working to get credit lines to small and mid-sized businesses in Israel, has raised seed funding of $7.5 million, a report...

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US Banks Look for Interest Earning to Rebound in ’22
US Banks Look for Interest Earning to Rebound in ’22
January 27, 2022  |  Bank Regulation

A new economic forecast says U.S. banks will see more growth from the “bread and butter” business of taking deposits and lending money, Reuters writes....

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Crypto Lenders Gemini, Voyager and Celsius Network Under SEC Microscope
Crypto Lenders Gemini, Voyager and Celsius Network Under SEC Microscope
January 26, 2022  |  Regulation

The U.S. SEC has been scrutinizing several crypto firms because of an inquiry into companies paying interest on virtual token deposits, Bloomberg reports. Get the...

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LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
LendingClub Aims for the Cloud, More Mobile-First Platforms in ’22
January 26, 2022  |  Payment Methods

In a Q4 LendingClub earnings call, CEO Scott Sanborn laid out the company’s vision for 2022, to keep building its on-balance-sheet loan portfolio and moving...

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Personal Loan App Provider Ranking Sees Stability as Leader Achieves Another Perfect Score
Personal Loan App Provider Ranking Sees Stability as Leader Achieves Another Perfect Score
January 24, 2022  |  Mobile Applications

If stability is a good thing to have among financial service providers, we’ve hit the jackpot in this month’s edition of the PYMNTS Provider Ranking...

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FinTech Lenders Help Subcontractors Prime the Pump for Their Next Jobs
FinTech Lenders Help Subcontractors Prime the Pump for Their Next Jobs
January 24, 2022  |  B2B Payments

Commercial construction, a $900 billion industry in the U.S., has the longest days sales outstanding (DSO) of any mature industry — 83 days. Get the...

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