Upstart plans to expand its auto retail financing capability to another 13 states during the first quarter. The lending marketplace aims to reach 90% of U.S. consumers by the end of the quarter, up from the 70% coverage achieved in the third quarter of 2023,...
CSG Forte and Lendica have formed a strategic partnership to allow small and medium-sized businesses (SMBs) to borrow money directly from their software vendors instead of traditional financial institutions. The collaboration introduces an embedded business credit solution for these vendors called the iBranch, Lendica said...
The software publishing industry is starting to use digital wallets as a standard for processing transactions and lending products to facilitate payments. Thus, both digital wallets and embedded finance solutions are shaping the current landscape of the software publishing business. The need for tailored solutions...
The adoption of external working capital solutions continues to be widespread globally among growth corporates, commonly known as middle-market firms. This practice has enabled companies to enhance their operational efficiency and maintain sustainable growth in an uncertain economic environment. Findings detailed in the Fleet and...
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued during more volatile periods, Bloomberg News reported Monday (Jan 22), citing sources with knowledge of...
The Biden Administration has approved an additional $4.9 billion in student loan debt relief for 73,600 borrowers. This brings the total loan forgiveness approved by the administration to $136.6 billion for over 3.7 million Americans, the Department of Education said in a Friday (Jan. 19)...
The adoption of working capital solutions has seen a rise among growth corporates, commonly referred to as middle-market firms, in North America. Their popularity stems from their ability to address a spectrum of needs, making them a resource for firms seeking comprehensive support in navigating...
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of private credit solutions to companies, including Citi’s client base, the companies said in a news release....
The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped hinder “unhealthy growth” following a surge in consumer loans he said was a “sign of...
