alternative lending

FinTech Possible Finance Raises $20M in Equity Funding
FinTech Possible Finance Raises $20M in Equity Funding
May 03, 2022  |  Investments

FinTech firm Possible Finance, which works on financial services for the underserved, announced Tuesday (May 3) that it has received an additional $20 million in...

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Revenue-Based Financing Drives eCommerce, SaaS Growth Across MENA
Revenue-Based Financing Drives eCommerce, SaaS Growth Across MENA
April 04, 2022  |  Alternative Credit

Traditional funding methods are seeing headwinds as new models like revenue-based financing (RBF) gain traction across the world. According to Ahmad Coucha, co-founder and CEO...

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Strong Credit Engine, Global Partnerships, Keys to Big Wins in EU BNPL Market
Strong Credit Engine, Global Partnerships, Keys to Big Wins in EU BNPL Market
March 28, 2022  |  Buy Now Pay Later

The pandemic and associated economic difficulties have given way to a buy now, pay later (BNPL) boom worldwide as consumers embrace the option of paying...

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Paytm Lending Unit Paying Off with Record Gains
Paytm Lending Unit Paying Off with Record Gains
February 14, 2022  |  Earnings

Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021....

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Banks Moving Off the Sidelines to Snag Piece of Growing Buy Now, Pay Later Market
Banks Moving Off the Sidelines to Snag Piece of Growing Buy Now, Pay Later Market
February 11, 2022  |  Buy Now Pay Later

Banks are getting ready to embrace buy now, pay later (BNPL) — likely in a major way. The urgency is there, as more than 40%...

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UK Alternative Lender ThinCats Secures $135M
UK Alternative Lender ThinCats Secures $135M
February 07, 2022  |  Investments

ThinCats, an alternative lender based in the U.K., has secured up to 100 million pounds ($135 million) in additional funding for small- to medium-sized businesses...

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Credit Suisse Tests Financing Through eNote
Credit Suisse Tests Financing Through eNote
January 11, 2022  |  Alternative Credit

Credit Suisse says it has provided financing to two manufacturing companies using an electronic promissory note, or eNote.  The Swiss financial services firm announced the...

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SEC Charges Payday Lender Sky Group With $66M Fraud
SEC Charges Payday Lender Sky Group With $66M Fraud
September 27, 2021  |  Security & Fraud

The Securities and Exchange Commission (SEC) has accused a Miami-based payday loan company and its CEO of defrauding its investors. The SEC announced the charges...

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Coinbase Kills Lend Product Amid SEC Ire
Coinbase Kills Lend Product Amid SEC Ire
September 20, 2021  |  Cryptocurrency

Following lawsuit threats by the Security and Exchange Commission (SEC), Coinbase is killing its proposed loan product Coinbase Lend and its associated waitlist. “Our goal...

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