Search Results for: alternative lenders

Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
Business Lending News

Biz2Credit Small Business Lending Index for March 2022 Finds Approval Rates Rise Again at Banks

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10m + in assets) rose from 14.7% in February to 14.9% in March, and small banks’ approvals also increased from 20.5% in February to 20.6%, according to the latest Biz2Credit Small Business Lending Index™ released. Among several categories of non-bank lenders, approval percentages also climbed. Institutional lenders approved 25.3% of funding requests in March, up......
Try HES LoanBox Readymade Lending Software
Lending News

Try HES LoanBox Readymade Lending Software

Fintech News Desk
by Fintech News Desk0
HES FinTech announces the launch of HES LoanBox: readymade software for lending automation. HES experts say they implemented 10-year experience in loan management software development to create an end-to-end digital product for banks, credit unions, and alternative lenders. The software covers the business processes of multiple lending businesses: single installment, PDL,......
Lendio Announces the Beta Launch of Its Cloud-Based, Lender Technology Platform
Lending News

Lendio Announces the Beta Launch of Its Cloud-Based, Lender Technology Platform

Fintech News Desk
by Fintech News Desk0
This next-gen, digital-first LOS platform will empower financial institutions with increased lending efficiency and reduced risk while delivering the exceptional borrower experience that takes the pain out of business lending Lendio, the nation’s leading small business financial solutions marketplace, announced the beta launch of its new lender-tech platform and loan......
Biz2Credit Small Business Lending Index for January 2022 Finds That Loan Approval Rates Increased for Every Category of Lender
Lending News

Biz2Credit Small Business Lending Index for January 2022 Finds That Loan Approval Rates Increased for Every Category of Lender

Fintech News Desk
by Fintech News Desk0
Approval Percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders and Credit Union Still Are Roughly Half of What They Were in January 2020 Small business loan approval percentages at big banks ($10+ in assets) increased from 14.3% in December to 14.5% in January, and small banks’ approvals also rose from 20.1% in December to 20.3% in......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Lending News

Biz2Credit Small Business Lending Index for December Finds Loan Approval Rates Continue to Rise, But at Slow Pace

Fintech News Desk
by Fintech News Desk0
Approval Percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders and Credit Union Still Are Roughly Half of What They Were in December 2019 Small business loan approval percentages at big banks ($10 + in assets) increased from 14.2% in November to 14.3% in December, and small banks’ approvals also rose from 19.9% in November to 20.1% in December, according to the latest Biz2Credit Small Business Lending Index™ released today. Among several categories of non-bank......
Fintech Farm Raises Late Seed Round of $7.4M to Launch Neobanks In 8 Countries
Fintech News

Fintech Farm Raises Late Seed Round of $7.4M to Launch Neobanks In 8 Countries

Fintech News Desk
by Fintech News Desk0
Fintech Farm, a British fintech company creating neobanks in emerging markets, has raised a $7.4M investment to develop its new project. The company is going to launch neobanks in 8 countries during the next two years. The round was led by Flyer One Ventures and Solid, while Jiji, TA Ventures, u.ventures, and AVentures Capital......
Powerlytics and Railz Partner to Help Banks Deepen Insights into SMB Customers
Fintech News

Powerlytics and Railz Partner to Help Banks Deepen Insights into SMB Customers

Fintech News Desk
by Fintech News Desk0
Partnership addresses need to provide SMBs with the most relevant financial products in this highly dynamic economic environment Powerlytics and Railz have partnered to provide banks and fintechs with a powerful new benchmarking product via more granular and actionable data to better support small business and mid-market customers’ success. As part of the agreement, Railz......
MonetaGo Provides First-Ever Global Solution to Duplicate Financing Fraud in Trade Finance
Finance Fintech News

MonetaGo Provides First-Ever Global Solution to Duplicate Financing Fraud in Trade Finance

Fintech News Desk
by Fintech News Desk0
MonetaGo, a financial technology solutions provider, announced a new platform to combat financing fraud in trade finance on a global level. “Information silos between lenders results in duplicate financing fraud as they often have little insight into whether the client has submitted transactions for financing to other lenders” The world......
LendingFront Announces its Technology Platform for Small Business Lending on Salesforce AppExchange
Finance News

LendingFront Announces its Technology Platform for Small Business Lending on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Fintech News Desk
by Fintech News Desk0
Financial institutions can now access LendingFront’s technology through Salesforce to get more capital into the hands of small businesses LendingFront announced it has launched its technology platform for small business lending on Salesforce AppExchange, empowering customers including community banks, credit unions, payment processors, alternative lenders, CDFIs and others to integrate......
Non-Bank Lender Leading the Way in Small Business Funding
Banking Business Finance News

Non-Bank Lender Leading the Way in Small Business Funding

Fintech News Desk
by Fintech News Desk0
As many enterprising small business owners would know, getting finance can be a major thorn in the side, with one in every four small and medium enterprises (SMEs) getting rejected by banks. According to the Australian Banking Association, 60 per cent of aspiring small business owners say that access to......
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