Adani Capital, the lending arm of the Gujarat-based conglomerate Adani Group, has announced it has acquired Essel Finance’s MSME loan business. The transaction, which grants Adani Capital a loan book of around ₹145 crore, was the second asset of...
Digital lending platform Sezzle recently agreed to pay a fine of $28,200 and refund a total of $282,000 in exchange for a license to operate in California, said PYMNTS. This comes after the company decided to be monitored by...
Since the decline of the web users accessing the Opera browser to surf the internet, freeware web browser Opera has shifted to short-term lending with interest up to 876 percent.
The Android Police has found out that the terms of...
The executive committee of the Montreal municipal government has recently favored two loans amounting to $106.5 million. Montreal Gazette reported that the fund will be funneled toward the development and protection of green spaces around the city.
Executive committee member...
Innovative Finance, the independent representative body of UK's global FinTech community, announced Monday the launch of a new group called 36H Group as a replacement to its former self-regulated peer-to-peer trade body, Peer-to-Peer Finance Association (P2PFA).
In a press release,...
Last Sunday, January 12, 2020, the Taal Volcano spewed out ashes as it erupted later afternoon. Following this incident, farmers, fishermen, and other forms of livelihood around Batangas were destroyed or affected. In light of this, the Philippine government...
Payments firm PayU has recently successfully acquired shares from PaySense, a digital lending platform. The acquisition is valued at $185 million, says Business Insider.
Under the deal, LazyPay, PayU’s lending business, will merge business operations with PaySense. The move aims...
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) said on Wednesday, the outstanding loans of universal and commercial banks grew by 10.1 percent.
According to BSP’s preliminary data, loans issued by banks last November 2019 swelled as...
Automated lending services provider Open Lending and blank check company Nebula Acquisition Corporation announced Monday, Jan 6, they have entered into a definitive business combination agreement.
Under the said deal, the merger will take place via Nebula’s acquisition of Open...
A bill under legislative session mandates the Colorado state to pay for the two years of student loans for new graduates of state’s public colleges.
The ‘Get On Your Feet’ bill was a remodeled version of a Loan Forgiveness Program...
