As it ponders an IPO in the next two years, Sweden’s caller ID firm Truecaller has been piloting FinTech products to offer credit to small businesses, Bloomberg reported. The startup has been successfully extending credit to small business owners in India, and plans to expand...
Equifax announced that it has acquired PayNet, a provider of credit ratings on small businesses (SMBs). Through its use of state-of-the-art analytics, PayNet provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and to commercial finance and leasing companies in...
For lenders and other firms assessing the credit risk of their SMB clients, knowledge is power. And data across the qualitative and quantitative realms ensures that a lot of knowledge can go a long way, especially in gauging those small businesses with little or no credit...
iZettle — the Swedish-based mobile payments company that serves Europe and Latin America — has launched iZettle Advance to help small businesses across Europe gain access to capital with an advance on future card sales. This launch comes at the same time the company announced it has closed...
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 year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release. Small and medium-sized business (SMB) products […]
April 25, 2019
Equifax announced that it has acquired PayNet, a provider of credit ratings on small businesses (SMBs). Through its use of state-of-the-art analytics, PayNet provides commercial credit risk underwriting and management...
August 28, 2015
iZettle — the Swedish-based mobile payments company that serves Europe and Latin America — has launched iZettle Advance to help small businesses across Europe gain access to capital with an advance on future...
November 13, 2014
Small-business loan approvals at big banks fell off in October, while non-bank loan approvals are gaining ground, according to a monthly survey by Biz2Credit. Small-business loan approval rates at big...
