Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion,...
Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small- to medium-sized businesses (SMBs) go from “application to automated spreading” in seconds, the companies said...
An unavoidable truth in business is that it frequently takes money to make money. And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure the capital they need to invest in their growth, innovative solutions are crucial. That’s why...
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one type of borrowing tool in the past year. Approximately three-fourths of SMBs are using revolving...
April 18, 2024
An unavoidable truth in business is that it frequently takes money to make money. And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure the capital they need to invest in their growth, innovative solutions are crucial. That’s why for the “AI Effect” series, PYMNTS sat down with MJ Jiang, […]
January 31, 2024
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one...
March 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast...
June 07, 2018
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO, Eyal Lifshitz, told Karen Webster shortly after his...
June 04, 2024
Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific criteria for small- to medium-sized businesses (SMBs). “The cloud-based rules […]
April 23, 2024
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over...
April 22, 2024
Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small-...
October 16, 2023
European small business lender iwoca says it has raised $243 million in new funding. The financing, announced late Monday (Oct. 16), follows the $152 million the London-based company raised in January to meet...
