Predatory lending, Installment credit, Economics, Finance, Credit, Debt

MarketFinance scores £10m from BCR

On Sep 23, 2020
@Finextra shared
Company announcement: MarketFinance scores £10m from BCR https://t.co/p3oNEaqDcZ #fintech
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Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking Competition Remedies Ltd (BCR). The grant will be used to bring more choice and competition to the business lending industry

www.finextra.com
On Sep 23, 2020
@Finextra shared
Company announcement: MarketFinance scores £10m from BCR https://t.co/p3oNEaqDcZ #fintech
Open

MarketFinance scores £10m from BCR

MarketFinance scores £10m from BCR

Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking Competition Remedies Ltd (BCR). The grant will ...

MarketFinance awarded £10m grant to bring choice and competition in supporting more businesses

MarketFinance awarded £10m grant to bring choice and competition in supporting more businesses

/PRNewswire/ -- Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking...

NEW LENDERS ACCREDITED TO BRITISH BUSINESS BANK CORONAVIRUS BUSINESS LOAN SCHEMES

NEW LENDERS ACCREDITED TO BRITISH BUSINESS BANK CORONAVIRUS BUSINESS LOAN SCHEMES

Paragon Bank accredited to Bounce Back Loan Scheme (BBLS) Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point to join over 80 existing CBILS accredited lenders Greensill, Metro ...

Blockchain Interview: Radoslav Albrecht, Founder & CEO of Bitbond

Blockchain Interview: Radoslav Albrecht, Founder & CEO of Bitbond

Radoslav Albrecht, CEO & Founder at Bitbond talks about the global lending leverging Blockchain technology in a recent Blockchain interview for Occurrency.

Kabbage secures $200M to fuel its AI-based loans platform for small businesses

Kabbage secures $200M to fuel its AI-based loans platform for small businesses

Kabbage, the AI-based small business loans platform backed by SoftBank and others, is adding more firepower to its lending machine: the Atlanta-based startup has secured an additional $200 ...

Marketplace Lending News Roundup – August 11

Marketplace Lending News Roundup – August 11

During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past ...

Fintech tells government: 'We can help with coronavirus response'

Fintech tells government: 'We can help with coronavirus response'

Companies doing everything from online lending to client onboarding say they can help get money to people and businesses faster.

A look at the nonbank and alternative lending industry in 2019

A look at the nonbank and alternative lending industry in 2019

The banking industry undergoing digital transformation has led to the rise of nonbank and alternative lending institutions. Learn more about what they are, why they exist and the state of ...

Innovation in Affordable Credit: finalists announced

Innovation in Affordable Credit: finalists announced

The UK’s community lenders – credit unions, CDFIs and others – are well placed to step up, already offering affordable credit on responsible terms (credit union APRs are capped at ...

BlueVine secures $75 million revolving credit facility with Atalaya Capital Management

BlueVine secures $75 million revolving credit facility with Atalaya Capital Management

BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private ...

Happy Money Raises $70 Million At A Valuation Of Nearly $500 Million

Happy Money Raises $70 Million At A Valuation Of Nearly $500 Million

Happy Money, the fintech that operates a lending marketplace, just raised $70 million, giving it a close to $500 million valuation.

SMB lender Kabbage secures $200m in funding for growth

SMB lender Kabbage secures $200m in funding for growth

Digital lender Kabbage, which offers small businesses lines of credit up to $250,000, has secured a four-year revolving credit facility to fuel further growth.

Peer to Peer Lending Fincera Announces Year End Results. Issues First Semi Annual Dividend of $0.30

Peer to Peer Lending Fincera Announces Year End Results. Issues First Semi Annual Dividend of $0.30

Peer to peer lender Fincera (OTCQB: YUANF) has issued their 2018 year-end results. The Chinese online lender reported top line revenue for the year ended December 31, 2018 at RMB 1,412.0 ...

Learning to Spend Like An American: Credit Cards in China

Learning to Spend Like An American: Credit Cards in China

UnionPay and Ant Financial are successful lending models. In many ways, they are changing Chinese culture. In contrast to their parents, the Chinese equivalent of America’s Millennials are ...