Category: LendTech

August 30, 2023

According to Bloomberg citing undisclosed sources, the US private equity company Apollo Global Management, investment firm Sixth Street and the AI fintech Pagaya Technologies are all actively engaged in the bidding process. Bloomberg says Apollo has formed a bidding group […]

July 18, 2023

The San Francisco-headquartered firm, which provides education financing products, has launched its new International Private Student Loans offering to meet the increasing demand among foreign-born students in the US for private loans to fund their education. Historically, gaining access to […]

June 30, 2023

The Climate Fintech report found that every region saw accelerated funding. Though LatAm and APAC did not see much funding, it was still considerably more than other investment sectors. Meanwhile, North America saw $640million raised, while Europe secured just below […]

May 23, 2023

Founded in 2021, Setpoint raised $43 million in its Series A funding round last December. Resolute was established in 2019 as a subsidiary of SingleSource Property Solutions, a provider of integrated mortgage services and property management solutions in the US. […]

May 18, 2023

The round, which brings Percent’s total funding to $48.2 million, also saw participation from existing investor B Capital Group and new investors including Susquehanna Private Equity Investments, BDMI, Forte Ventures, and Vectr Fintech. The company will use the new funding […]

April 12, 2023

The new cash injection takes the firm’s total Series B to $435 million following an initial $165 million raise in May last year. The latest investment now values the firm at $2 billion. Founded in 2018, Clear Street offers a […]

April 10, 2023

This week, market investors are focused on several factors, including the Consumer Price Index (CPI) report and earnings reports from some of the largest banks in the United States. However, one of the biggest factors investors are eyeing will take […]

April 7, 2023

I highlighted that big banks can invest in the future by exploring the possibility of new tech now, but smaller banks will not have the budget to look so broadly. This for me begs the question, what does the future […]

April 5, 2023

Kyriba’s API Connectivity Network integrates banks, enterprise resource planners (ERPs), trading portals, data services and payment apps using pre-built connectors to minimise IT installation time and cost. US Bank and Kyriba clients can now send instant payments to vendors, customers […]

March 24, 2023

Founded in 2012, Raisin offers consumers access to savings, investment and pension products. The firm also offers Banking-as-a-Service (BaaS) products for financial service providers and currently works with over 400 companies from more than 30 countries. With the new investment, […]

March 16, 2023

OpenWay describes its Way4 offering as an end-to-end solution comprising an online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorisation and settlement, and APIs. The migration to the new platform […]

March 8, 2023

Lenvi is a new consumer and commercial lending platform, supporting loan and risk management software, mortgage and loan servicing, standby and know-your-customer (KYC) servicing. As part of the London-based financial services company Equiniti, the newly-founded company combines its EQ Credit […]

February 13, 2023

Finbots.ai says its AI credit modelling solution creditX will enable Baiduri Bank to “develop and deploy high quality credit scorecards at a fraction of the time and cost”. “This will result in reduced credit risk, improved efficiency and greater agility […]

January 23, 2023

In a statement, the firm says: “Genesis Global Holdco, LLC (GGH) and two of its lending business subsidiaries, Genesis Global Capital, LLC (GGC) and Genesis Asia Pacific Pte. Ltd. (GAP), filed voluntary petitions under Chapter 11 of the US Bankruptcy […]

January 20, 2023

The banking tech vendor says it signed licence fees of $27.5 million during the quarter with customers in 19 countries. In India – the home of Flexcube – Aavas Financiers, which specialises in housing loans for the underserved segment across […]

December 7, 2022

Through the acquisition, Tonik aims to augment its lending portfolio and integrate payroll-enabled financial services into its operations. Launched in 2019, TendoPay offers services including virtual cards, prepaid health insurance cards, 0% interest purchasing loans, emergency cash loans, a personal […]

December 6, 2022

Severe summer droughts, extreme storms and much more have shown how new weather patterns threaten us. However, the energy crisis caused by the war in Ukraine has made energy security even more of an issue than sustainability, and the poor […]

November 28, 2022

The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), […]

November 3, 2022

Singapore-based digital wholesale bank ANEXT Bank has unveiled its initiative to drive further industry collaboration to enable inclusive financing for SMEs. The initiative aims to improve and scale embedded finance for SMEs, making it easier for businesses to access financing, […]

October 4, 2022

Designed for banks, non-bank lenders and credit unions, Thrive’s end-to-end digital lending tech boosts operational efficiencies in the origination and underwriting processes for both SMEs and consumers. The acquisition of the platform by Rapid Finance “represents a significant addition” to […]