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

Flipkart Expands Banking Plans With Personal Loans Program
Flipkart Expands Banking Plans With Personal Loans Program
July 05, 2023  |  Retail

Walmart’s Flipkart is reportedly entering the lending sector as it battles Amazon for India’s consumers. The eCommerce site has begun offering customers personal loans through...

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PortX and MeridianLink Team to Improve Digital Lending
PortX and MeridianLink Team to Improve Digital Lending
June 28, 2023  |  Partnerships

Financial infrastructure company PortX has teamed with MeridianLink to improve digital lending. PortX has integrated with MeridianLink, which powers digital lending and account opening for financial institutions (FIs), according to a...

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Gulp Data Secures Credit Facility for ‘Data as Collateral’ Loans
Gulp Data Secures Credit Facility for ‘Data as Collateral’ Loans
June 27, 2023  |  Loans

Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding...

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Nearly Half of Main Street SMBs Shopping for More Credit
Nearly Half of Main Street SMBs Shopping for More Credit
June 27, 2023  |  SMBs

Main Street small to mid-sized businesses (SMBs) that have struggled to keep their doors open amid pandemic-related upheaval and survived are looking to solidify their...

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Onramp Integrates eCommerce Lending Platform With Walmart Marketplace
Onramp Integrates eCommerce Lending Platform With Walmart Marketplace
June 26, 2023  |  eCommerce

Onramp is now offering financing solutions to eCommerce sellers on Walmart Marketplace. The eCommerce lending platform’s integration with the marketplace enables it to offer growth...

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Pathward and Propel Partner to Provide Credit to Underserved Consumers
Pathward and Propel Partner to Provide Credit to Underserved Consumers
June 20, 2023  |  Partnerships

Pathward is adding a new line of credit for consumers who have limited access to credit. The national bank has partnered with Propel, a FinTech that will service the...

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Froda Launches Embedded Lending Solution for Small Businesses in Denmark
Froda Launches Embedded Lending Solution for Small Businesses in Denmark
June 20, 2023  |  SMBs

Swedish FinTech Froda has launched a card-based embedded lending solution in Denmark. Developed in partnership with digital challenger bank Lunar and Visa, this offering was successfully tested in Denmark during the spring...

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Amazon Teams With YouLend Amid Tough Borrowing Environment
Amazon Teams With YouLend Amid Tough Borrowing Environment
June 20, 2023  |  Amazon

Amazon has teamed with YouLend to help small businesses in the U.K. gain financing in a tough lending environment. The partnership between the retail giant and embedded...

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SVB UK New Owner: We’re Still in the Startup Business
SVB UK New Owner: We’re Still in the Startup Business
June 07, 2023  |  Banking

Silicon Valley Bank (SVB) UK’s new owner says the lender hasn’t lost its pro-startup philosophy. The bank, now owned by British banking giant HSBC, will...

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