Category: Digital Lending and Credit

February 7, 2023

In an announcement to the Australian Stock Exchange (ASX), the firm says it will “work closely with Openpay’s employees, merchants and customers to urgently determine the appropriate strategy for the business”. It adds customers are currently no longer able to […]

January 30, 2023

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

January 19, 2023

The Buy now pays later platform market is predicted to increase at a CAGR of 22.8% from 2023 to 2033, from US$ 9.1 billion in 2023 to US$ 70.9 billion in 2033. E-commerce Market Offers Consumer Diverse BNPL Options Customers […]

January 12, 2023

Until now, Orka Ventures has focused mainly on providing web-based consumer loans. However, with changing consumer demand for more agile service delivery and Orka Ventures’ evolution into a neobank, it will now leverage agile modular processing and compliance capabilities from […]

December 28, 2022

Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The Securities and Exchange Commission of Pakistan said Wednesday evening that […]

December 19, 2022

Ninety-three per cent of SMEs in the tech sector are not paid on time for providing goods and services, according to research from alternative funding provider Growth Lending. Its Don’t Bank On It report also reveals that a third of […]

December 8, 2022

PayPal CEO Dan Schulman doesn’t expect the economic environment for e-commerce, a major driver of business for the digital payments company, to improve anytime soon. Reflecting on the see-saw nature of holiday e-commerce in recent years, he noted at an […]

November 15, 2022

The metaverse and its future adoption continue to be a matter of active research by market forecasting companies. A report issued on Nov. 11 by Technavio, a market research firm, has determined that the market size of the metaverse initiatives […]

October 27, 2022

The credit environment will be challenging for the foreseeable. Over the next three years, almost half (46 per cent) of SMEs believe accessing credit/finance/borrowing will get more difficult. This level of perceived difficulty rises to 64 per cent for those […]

October 14, 2022

The capital raised includes a $15 million Series A led by Index Ventures, with participation from seed investors First Round Capital, General Catalyst, SV Angel, Operator Partners, Box Group, among others. With the fresh funding, Mercantile plans to further its […]

October 13, 2022

Existing investors Edison Partners and Revaia took part in the round and Italian paytech Nexi joined in as a new investor. With the fresh capital, GoHenry intends to fuel its global expansion, with plans to launch Pixpay (which it recently […]

September 18, 2022

Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods. The new integration allows PPRO’s global partners and their merchants […]

September 13, 2022

Kafene, a lease-to-own startup aimed at underbanked consumers who don’t have access to traditional credit, raised $18 million in a Series B funding round. While there are similarities to the buy now, pay later approach to making purchases, Kafene CEO […]

September 12, 2022

Germany-based banking infrastructure software provider Mambu has teamed with long-time partner, Pan-African microfinance bank Carbon Finance, to launch BNPL offer Carbon Zero. The partnership will allow Carbon Finance to scale its financial services by offering a full spectrum of banking […]

September 12, 2022

Since its official launch in January 2021, iLex has signed up more than 160 banks and institutional investors as clients on its platform, with 230-plus assets totalling $8.6billion listed on its marketplace. The fintech aims to increase the liquidity, efficiency, […]