Kabbage, the global financial services company for small businesses, announced Monday (April 8) it has closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for $700 million. In a press release, Kabbage said the most senior class of the five-tranche...
Auto asset-backed securities (ABS) hit a post-financial crisis high this year in the U.S., which could set up some trouble in the new year if the Federal Reserve raises interest rates and consumers struggle to pay back their auto loans. According to a report in Financial...
Canadian banks are increasingly turning to the U.S. market, issuing $6.8 billion asset-backed securities during 2016 alone, based on data compiled by Bloomberg. In a report, Bloomberg said the Canadian banks are drawn to the U.S. because of the lower costs to the borrower. What’s...
Some sanguine news comes from Fitch Ratings regarding the state of the U.S. credit arena, as evidenced by card usage and payments. The firm said the performance of U.S. credit card ABS (that means asset-backed securities, which are fixed-income vehicles offering up cash flow from...
June 17, 2020
Pagaya, a U.S. and Israeli FinTech collaboration, announced a Series D funding round in which it raised $102 million, according to a press release, bringing the company’s issuances to over $1 billion in the past year and a half, the Pagaya said on its website. Participants in the round included Aflac Global Ventures, Poalim Capital […]
April 08, 2019
Kabbage, the global financial services company for small businesses, announced Monday (April 8) it has closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for...
January 02, 2018
Auto asset-backed securities (ABS) hit a post-financial crisis high this year in the U.S., which could set up some trouble in the new year if the Federal Reserve raises interest...
December 08, 2016
Canadian banks are increasingly turning to the U.S. market, issuing $6.8 billion asset-backed securities during 2016 alone, based on data compiled by Bloomberg. In a report, Bloomberg said the Canadian...
