A report by LearnBonds.com revealed that global fintech lending, alternative loan industry, will grow 17 percent this year to $312.6 billion.
The projected transaction value for 2030 is $390.5 billion, with the United States leading the peer-to-peer business lending. In recent...
Atlanta-based online lender Kabbage announced last Tuesday, February 4, 2020, its plans to unveil a new loan offering. The company will reportedly be launching short-term loans for small business owners, reports the American Banker.
Under the new program, Kabbage...
Lending company Jenfi recently expressed its interest in joining the Southeast Asian market, reported Tech Crunch. It is set to start in Singapore, which is where the company’s headquarters is located.
Launched by GuavaPass (now ClassPass) founder Jeffrey Liu and...
Goldman Sachs is currently in advanced talks with e-commerce giant Amazon to offer small and medium-sized business loans to merchants over Amazon’s lending platform, Financial Times reported.
According to the report, the 151-year-old bank is currently working on software that...
Last Tuesday, January 28, 2020, the Department of Finance (DOF) of the Philippines announced the South Korean government’s support which is a $50 million loan geared towards the infrastructure projects of the country. The documents exchange and signing were...
The regulatory body for lending in Nigeria has posed “apparent contradictions on monetary policy,” Bloomberg reported. Analysts said that the unpredictability of the rules could have a negative impact on Nigerian lending companies.
This conflicting situation came after the county’s...
Consumer lending platform MoneyTap has raised another big shot funding of Rs 500 crore, led by Sequoia India, Aquiline Technology Growth, and RTP Global.
The company is backed by both local and international investors from South Korea and Japan. Existing...
Roc360, a financial services platform that caters residential real estate investors, announced Monday, Jan 27, the launch of its latest platform called Haus Lending.
In a press release, the New York-based company described its new product offering as “a machine...
State Bank of India Chairman Rajnish Kumar recently stated that the country’s non-bank financial institutions are finally recovering after years of struggling. CNBC reported that these “shadow lenders” in the sector are still facing some issues but are in...
The Philippine Securities and Exchange Commission (SEC) ordered the shutdown of three illegal online lenders last January 21, 2020. The SEC’s order came after discovering that the three online lending platforms operated without proper licenses.
The three platforms are Peso...
