loans

Report: TikTok Parent ByteDance Seeking $4B in Debt Financing

Report: TikTok Parent ByteDance Seeking $4B in Debt Financing
Report: TikTok Parent ByteDance Seeking $4B in Debt Financing
September 08, 2021  |  Loans

Chinese firm ByteDance, owner of video-driven social media sites TikTok and Douyin, is looking for roughly $4 billion in loans as its initial public offering...

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Trade Ledger, ScotPac Team to Fast-Track SMB Loan Approvals
Trade Ledger, ScotPac Team to Fast-Track SMB Loan Approvals
September 06, 2021  |  B2B Payments

FinTech Trade Ledger is partnering with small- to medium-sized business (SMB) lender ScotPac to accelerate loan application turnaround times, according to a press release. Get...

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Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
September 03, 2021  |  CFPB

Two organizations representing lenders have expressed reservations about a new rule proposed Wednesday (Sept. 1) by the Consumer Financial Protection Bureau (CFPB). The rule, if finalized, would require lenders to disclose...

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Funding Circle Debuts BNPL FlexiPay Option
Funding Circle Debuts BNPL FlexiPay Option
September 02, 2021  |  B2B Payments

Small business loan platform Funding Circle announced the debut of its first payments facility, FlexiPay, in a Thursday (Sept. 2) press release. Get the Full...

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China to Send Banks Money for SMB Aid
China to Send Banks Money for SMB Aid
September 01, 2021  |  Loans

China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for small- and...

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Banks Loosen Lending Standards in Race to Loan Money
Banks Loosen Lending Standards in Race to Loan Money
August 30, 2021  |  Loans

Banks sitting on piles of cash are quickly easing lending standards for both consumers and small businesses in the second quarter as competition to extend...

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Mastercard’s Finicity Adds Automation To Loan Origination Software
Mastercard’s Finicity Adds Automation To Loan Origination Software
August 26, 2021  |  Loans

Mastercard FinTech company Finicity on Thursday (Aug. 26) announced an expansion of its one-touch mortgage verification service, which will now be integrated into ICE Mortgage...

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Report: US Institutions Back Loans For Women, SMBs In India
Report: US Institutions Back Loans For Women, SMBs In India
August 22, 2021  |  B2B Payments

The U.S. Agency for International Development and U.S. International Development Finance Corp. are jointly offering $50 million in guarantees to a portfolio of loans India’s...

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Facebook Launches SMB Loan Program With India’s Indifi 
Facebook Launches SMB Loan Program With India’s Indifi 
August 20, 2021  |  SMBs

Facebook is teaming up with Indifi, an online lender in India, as part of a larger initiative to bring on more local businesses as advertisers,...

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