Tag: Lending

April 8, 2024

The partnership will see Yabx leverage the business data from PayCliq and use AI/ML algorithms on its cloud-powered digital lending platform. In doing so, it will build credit scores and personalised credit limits for each business which will not only […]

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 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 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 […]

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), […]

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 9, 2022

Swedish fintech start-up Ark Kapital has secured an additional €15 million in funding, just six months after it closed its €165 million seed round. The round was led by investor Annika Falkengren with participation from all previous seed and angel […]

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 […]