Remove 2016 Remove Fintech Remove Lending Remove Security
article thumbnail

BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

The FinTech Sezzle has struck up a partnership with Ally Lendin g, a digital financial services company. Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. "We

Lending 198
article thumbnail

BIS Sees Boons, Risks As FinTech Credit Gains Traction

PYMNTS

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. It should be noted that almost all mortgage security finance (i.e.,

Lending 148
article thumbnail

5 Reasons to expand small business lending

Abrigo

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. To learn more about opportunities in small business lending, download the whitepaper Tapping Growth Opportunities in the Business Loan Portfolio.

Lending 150
article thumbnail

UK, US SMB Lending Experience A Growing Divide

PYMNTS

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144
article thumbnail

VC FinTech Funding Sets Sights On ‘Alternative’ Data

PYMNTS

As noted by VentureBeat , the five-year-old firm has been profitable since 2016. Green Visor also registered with the Securities and Exchange Commission (SEC) to raise up to $100 million for a venture capital fund. OneFi had previously secured a $5 million lending facility from Lendable and struck a payments partnership with Visa.

Data 178
article thumbnail

Alt-Lending Conglomerate TruFin Lands $97M In IPO

PYMNTS

An alternative lending conglomerate based in the U.K. just secured more than $97 million through an initial public offering. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market.

Lending 122