Tag: Digital Lending and Credit

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 […]

February 22, 2023

BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion. Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing […]

February 9, 2023

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months. […]

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 22, 2022

Blockchain for finance pioneer Quant has partnered with digital transformation solutions company UST to provide technical integration and tokenisation services to central and commercial banks and capital markets participants. The partnership will release services which will reportedly help financial institutions […]

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 […]

November 15, 2022

With banks subject to higher regulatory requirements, fintech and payments companies are at the forefront of technological innovation in financial services. As such, the fintech and payments sector has grown at an unprecedented rate and spawned companies in verticals of […]

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 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 28, 2022

According to data compiled from Dune Analytics, the weekly trading volume of nonfungible tokens, or NFTs, across the blockchain realm has plunged to $114.4 million. This represents a decrease of 98% from the $6.2 billion witnessed around the end of […]

September 27, 2022

Having a savings account and estimating your monthly expenses will help you save money, but putting a system in place in terms of budgeting can help you gain financial independence. How we’re taught to handle money as children has an […]

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, […]

September 8, 2022

Bridgit, which launched in mid-2021, has processed more than $1billion in loan applications and financed over $250million in Australian residential property. Mortgage broker Nick Jacobs and capital markets guru Aaron Bassin founded Bridgit after identifying that customers were missing out […]