PYMNTS-MonitorEdge-May-2024

Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Hitachi Capital Business Finance Launches Smart Funding Ahead Of Brexit
Hitachi Capital Business Finance Launches Smart Funding Ahead Of Brexit
October 07, 2019  |  B2B Payments

Hitachi Capital Business Finance announced the launch of its Smart Funding payment plan, which will allow small businesses to create their own repayment schedule in...

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Summer Lands $10M To Help Students Eliminate Debt
Summer Lands $10M To Help Students Eliminate Debt
September 26, 2019  |  Investments

A startup that focuses on helping student borrowers with their debt has raised $10 million in a funding round, according to a report. Summer is...

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Credit Unions’ Small Business Opportunity
Credit Unions’ Small Business Opportunity
September 26, 2019  |  B2B Payments

Credit unions (CUs) have a growing opportunity to capture and keep their member customers, but only if they’re able to elevate their offerings to the...

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AI Loan Startup Kreditech Raises $22M For Global Growth
AI Loan Startup Kreditech Raises $22M For Global Growth
September 25, 2019  |  Investments

Kreditech, an AI-based loan startup that targets emerging markets, has raised $22 million in its latest funding round, according to a report. Based in Hamburg,...

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Indonesian Lending FinTech JULO Closes $15M Series A
Indonesian Lending FinTech JULO Closes $15M Series A
September 18, 2019  |  Investments

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding...

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Affirm Looks To Raise $1.5B On $3B Valuation
Affirm Looks To Raise $1.5B On $3B Valuation
September 12, 2019  |  Innovation

Affirm, a FinTech that offers customers payment plans at the point of sale, is reportedly looking to raise around $1.5 billion in a debt and...

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Global Debt Spike Has Some Central Bankers Worried
Global Debt Spike Has Some Central Bankers Worried
September 09, 2019  |  Economy

As the U.S.-China trade war continues and economies take a dive, already low global interest rates could drop even further, The Wall Street Journal reported...

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New RealPage Credit Facilities Expand Borrowing Capacity To $1.2B
New RealPage Credit Facilities Expand Borrowing Capacity To $1.2B
September 05, 2019  |  Real Estate

RealPage, a leading global provider of software and data analytics to the real estate industry, announced it has entered into new credit facilities, which expands...

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Hong Kong Relaxes Rules In Effort To Boost FinTech Lending
Hong Kong Relaxes Rules In Effort To Boost FinTech Lending
September 04, 2019  |  B2B Payments

In efforts to boost FinTech and collaborative efforts across Open Banking and application programming interfaces (APIs), the Hong Kong Monetary Authority is loosening rules governing...

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