Swedish FinTechs Krea and Klarna said Wednesday (Oct. 26) that their partnership has helped small and medium-sized enterprises (SMEs) in that country receive larger loan offers at lower interest rates. According to a news release, the collaboration is between Krea, a digital SME loan platform,...
One doesn’t build a FinTech in New Zealand — with a population of five million souls and a bit more than half a million SMBs — to scale only in New Zealand. As Dave Lewis, CEO of Ranqx, told PYMNTS’ Karen Webster, the goal was...
Payment service provider Mollie is launching a capital division to make it easier for small and medium-sized businesses (SMBs) to gain broader access to fast and flexible funding. Mollie Capital is a fully integrated business financing service that provides cash advances of up to €250,000...
KeyBank can now service loans in real-time, including application, payments and collections, after partnering with Oracle to update and digitize its non-real estate consumer lending process. Using Oracle Banking Originations, KeyBank is also able to help eliminate delays and improve customer service, according to a...
Mission-driven FinTech and digital banking platform Oportun Financial Corporation closed a $150 million senior secured term loan from funds managed or sub-advised by Neuberger Berman Specialty Finance. “The capital provided by this loan will support the continued investment and growth in our business that we expect, even under the...
HelpPays is combining micro-lending and peer-to-peer lending to help lenders provide funds without having to undertake the awkward work of overseeing repayment and to help borrowers acquire funds and build credit. The company also is promoting a crowdfunded marketplace in which would-be borrowers seek as...
Digital bank Vbank and automotive technology company Autochek have partnered to provide quicker and easier auto loans to customers in Nigeria. With their new loan origination and offtaking partnership, the companies will provide an answer to loan applications within 48 hours and will offer competitive...
In this macro environment, where rising rates make traditional financing routes more onerous, FinTechs may find that high-yield accounts have high-yield payoffs. Affirm this week became the latest player to boost rates on its savings accounts, where the annual percentage yield (APY) is now 1.5%,...
How will corporate loan growth in Canada fare as interest rates rise, global economic and political uncertainty increases and the country’s economy shows signs of slowing? The chief financial officers (CFOs) of Canadian banks are considering this question after the country’s economy grew at a...
