Search Results for: borrow money

Achieve Announces Close of Innovative, $175 Million HELOC Securitization
Finance News

Achieve Announces Close of Innovative, $175 Million HELOC Securitization

Fintech News Desk
by Fintech News Desk0
Inaugural deal receives AAA rating and is backed by home equity lines of credit originated by Achieve Loans Achieve, the leader in digital personal finance, announces the closing of a first-of-its-kind, AAA-rated securitization backed by $175 million in newly-originated home equity lines of credit (HELOCs). The securitization, FREED Mortgage Trust 2022-HE1, consists......
LendingClub Acquires $1 Billion Personal Loan Portfolio
Banking Finance News

LendingClub Acquires $1 Billion Personal Loan Portfolio

Fintech News Desk
by Fintech News Desk0
Seasoned, Quality Portfolio to Support Growth in Recurring Revenue LendingClub Corporation announced an agreement to acquire a $1.05 billion loan portfolio. The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income. The personal loans were previously acquired by......
Stably USD Stablecoin Officially Launched On the XRP Ledger
Blockchain News

Stably USD Stablecoin Officially Launched On the XRP Ledger

Fintech News Desk
by Fintech News Desk0
Stably Corporation, a Seattle-based Web3 payment infrastructure and Stablecoin-as-a-Service provider, is proud to announce the official launch of Stably USD ($USDS) under the ticker $USD on the XRP Ledger (XRPL) a decentralized blockchain. Stably USD is a regulatory-compliant and USD-backed stablecoin that supports XRPL’s objective of providing a scalable and sustainable blockchain for tokenized......
Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds
Banking Business News

Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds

Fintech News Desk
by Fintech News Desk0
Seven in 10 feel they are well positioned to borrow, with equipment financing being their top need Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new......
Business News Technology

Biz2Credit Found Industry Trends Among small Businesses, IT firms With Highest Revenue

Fintech Staff Writer
by Fintech Staff Writer0
Founded in 2007 Biz2Credit made a study about 2021 industry trends for small businesses, which reveals that Information Technology (IT) firms which have the highest average revenue ($955,793), the good credit score (658), and made the top average amount of financing ($131,743) when they were in need of credit.The Retail......
What is FinTech
Featured Fintech Fintech Primers

What is FinTech?

Fintech Staff Writer
by Fintech Staff Writer0
What precisely is FinTech? Fintech is the combination of the terms “finance” and “technology.” When combined, FinTech becomes a multifaceted notion that describes any technology that provides financial services via software, such as smart banking services, mobile payment applications, and the most recent topic, bitcoin. It is a large category......
BluPeak Credit Union Selects Empower LOS to Support Growth in Tight Originations Market
Lending News

BluPeak Credit Union Selects Empower LOS to Support Growth in Tight Originations Market

Fintech News Desk
by Fintech News Desk0
Empower will also automate employee workflows and elevate BluPeak’s member experience Black Knight, Inc. announced that BluPeak Credit Union, a San Diego-based credit union with nearly 60,000 members and more than $1.2 billion in assets, has signed a contract to implement the Empower loan origination system (LOS) and its suite of integrated solutions to help......
Fintech Tellus Raises $26 Million to Empower Consumers with Better Financial Opportunities
Fintech News

Fintech Tellus Raises $26 Million to Empower Consumers with Better Financial Opportunities

Fintech News Desk
by Fintech News Desk0
 Raises $16M Seed led by Andreessen Horowitz following $10M SAFE Tellus, a smart savings platform powered by real estate, announced $16 million seed round led by Andreessen Horowitz, following a $10 million SAFE. All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West Arrow, and Westwood Ventures also participated in the......
Movement Mortgage Partners with Figure to Offer Improved HELOC Delivery
Mortgage News

Movement Mortgage Partners with Figure to Offer Improved HELOC Delivery

Fintech News Desk
by Fintech News Desk0
Figure, the country’s top non-bank HELOC lender, and Movement Mortgage, the nation’s sixth-largest retail mortgage lender, announced a transformative partnership that will allow Movement’s borrowers faster access to home equity with approval in as few as five minutes and funding in as few as five days. Movement will leverage Figure’s platform......
Umpqua Bank Deploys $1 Million in Microloans to BIPOC and Women Entrepreneurs through Innovative Kiva Partnership
Banking News

Umpqua Bank Deploys $1 Million in Microloans to BIPOC and Women Entrepreneurs through Innovative Kiva Partnership

Fintech News Desk
by Fintech News Desk0
Umpqua’s crowdfunding partnership with Kiva inspired more than 10,000 community members to help entrepreneurs in Oregon, Washington, California, and Idaho start or grow business Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced that its innovative crowdfunding partnership with Kiva has reached the initial goal of deploying $1 million in microloans. Since April, the Umpqua Bank......
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