Search Results for: Open Finance

CMBS Delinquency Rate Maintains Downward Trend in November
Banking News

CMBS Delinquency Rate Maintains Downward Trend in November

Fintech News Desk
by Fintech News Desk0
The Trepp CMBS Delinquency Rate Fell Sharply in November as the Index Hit Another Post-Crisis Low. Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its November 2019 US CMBS Delinquency Report. The Trepp CMBS Delinquency Rate......
Republic Provides a $1.5 million Facility to a Midwestern Transportation Company
Fintech News

Republic Provides a $1.5 million Facility to a Midwestern Transportation Company

Admin
by Admin0
Republic Partnered with a Turnaround Consulting Firm to Provide a Receivables Line of Credit to Help Support the Trucking Firm’s Growth When an Intermodal trucking company needed to refinance its existing line of credit, they sought out Republic Business Credit (“Republic”) to meet their growth needs. Republic provided a 92% advance rate to......
Eastern Union Launches 'Pooled Loan' Division
Business Fintech News

Eastern Union Launches ‘Pooled Loan’ Division

Fintech News Desk
by Fintech News Desk0
Lenders Will Offer Lower Interest Rates to Borrowers Who Purchase as a Group Eastern Union, one of the country’s leading commercial real estate finance firms, has launched a Pooled Loan division that will deliver below-market interest rates for borrowers. Borrowers will be rewarded with the discounted rates by pooling multiple......
CIT Serves as Sole Lender on $35 Million Financing for Icelandair
Business Fintech News

CIT Serves as Sole Lender on $35 Million Financing for Icelandair

Fintech News Desk
by Fintech News Desk0
CIT Group Inc.  announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland. “We were pleased to work with CIT on securing this financing that further strengthens the financial position of Icelandair Group and......
FINCA Malawi Secures $1.5 Million Loan Facility From BIO
Banking Fintech Funding

FINCA Malawi Secures $1.5 Million Loan Facility From BIO

Fintech News Desk
by Fintech News Desk0
Loan Facility Will Support Lending by FINCA Malawi FINCA Malawi, FINCA Impact Finance’s (FIF) microfinance subsidiary in Malawi, announced that it has secured a $1.5 million USD loan facility with a four-year tenor from the Belgian Investment Company for Developing Countries (BIO). This loan facility marks the inaugural transaction between FIF and BIO......
Lincoln International Reports Slowing Middle Market Growth At 1.4% In Q3 2019, As Bifurcation In Performance Amongst Industries Unfolds
Investment Services News

Lincoln International Reports Slowing Middle Market Growth At 1.4% In Q3 2019, As Bifurcation In Performance Amongst Industries Unfolds

Fintech News Desk
by Fintech News Desk0
Even as the stock market continues a relentless 10-year bull run, Lincoln International (Lincoln), a leading global investment banking advisory firm, finds that in America’s middle market, growth has begun to slow. This is according to the Lincoln Middle Market Index (Lincoln MMI), released , which measures changes in the......
Farmer Mac Names Aparna Ramesh as EVP - Chief Financial Officer and Treasurer
Banking Fintech Funding News

Farmer Mac Names Aparna Ramesh as EVP – Chief Financial Officer and Treasurer

Fintech News Desk
by Fintech News Desk0
The Federal Agricultural Mortgage Corporation , the nation’s secondary market provider that increases the availability and affordability of credit for the benefit of rural America, announced the selection of Aparna Ramesh as its Executive Vice President – Chief Financial Officer and Treasurer, starting January 6, 2020. Ms. Ramesh joins Farmer Mac with......
BankTEL Launches First AvidPay Customer
Banking News

BankTEL Launches First AvidPay Customer

Fintech News Desk
by Fintech News Desk0
Studio Bank Gains Access to Largest B2B Payments Network With Avidpay Integration  BankTEL, an AvidXchange company, announced that it has launched its first AvidPay customer, Nashville-based Studio Bank. The product launch for Studio Bank represents a significant milestone following the October 2019 acquisition of BankTEL by AvidXchange. Read More: Republic Provides a $1.5 million Facility to......
Rebel Raises USD $10 Million in Funding to Offer Consumers Affordable Credit
Fintech Funding Fintech Startups News

Rebel Raises USD $10 Million in Funding to Offer Consumers Affordable Credit

Fintech News Desk
by Fintech News Desk0
Investment Round Includes Monashees and Global Venture Investor FinTech Collective Rebel, a digital consumer finance startup that offers middle-class Brazilians access to unsecured credit at affordable rates, has raised USD $10 million in new equity funding. This funding round comes one year after having raised USD $4 million from XP and others. Participants in......
Finicity Solution Live Within Ellie Mae Encompass Consumer Connect
Banking Fintech News

Finicity Solution Live Within Ellie Mae Encompass Consumer Connect

Fintech News Desk
by Fintech News Desk0
Digital Verification Report Speeds up Lending Process While Improving Digital Experience for Lenders and Borrowers Finicity, a provider of real-time financial data access and insights, and Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry, announced that Finicity’s digital Verification of Assets (VoA) solution is now available through......
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