loans

Car-Sharing Platform Getaround Secures $25M Loan 

Car-Sharing Platform Getaround Secures $25M Loan 
Car-Sharing Platform Getaround Secures $25M Loan 
November 13, 2020  |  Loans

Peer-to-peer car-sharing platform Getaround Inc. has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans...

READ MORE >
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
November 13, 2020  |  Retail

Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...

READ MORE >
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

READ MORE >
People Keep Saving Despite Low Interest Rates
People Keep Saving Despite Low Interest Rates
November 13, 2020  |  Banking

Interest rates on deposit accounts are hovering at near zero percent due to the COVID-19 pandemic, but that hasn’t stopped people from socking money away....

READ MORE >
HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
November 12, 2020  |  B2B Payments

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. The financial institution...

READ MORE >
JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
November 11, 2020  |  Loans

The number of troubled loans sitting on the books of the top U.S. banks remains high despite significant improvement over the past few months, a...

READ MORE >
European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
European Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic Lockdowns
November 11, 2020  |  Loans

The chair of a new European banking authority is warning lenders to prepare for an onslaught of bad loans due to the second wave of...

READ MORE >
As Lenders Tighten Standards, Defaults On The Horizon?
As Lenders Tighten Standards, Defaults On The Horizon?
November 11, 2020  |  Banking

Amid the continued grappling with the economic headwinds of the coronavirus, lenders are navigating choppy waters — but defaults may loom. Get the Full Story...

READ MORE >