Search Results for: public and private credit
Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
Banking App Dave Opts to Become a Publicly Traded Company via Merger
Dave’s mission is to create financial opportunity that advances America’s collective potential Dave helps its more than 10 million customers with banking, financial insights, overdraft protection, building credit and finding side gigs Institutional investors committed $210 million in a PIPE led by Tiger Global Management, with participation from Wellington Management......
PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity
PayPal Holdings, Inc. announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union, OneUnited Bank, Self-Help Federal Credit Union, CNote’s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal’s $535 million commitment to strengthen Black businesses and underserved communities, and help drive......
Abaxx Technologies Inc. Announces Additions to Executive Management and Market Structure Advisory Leads
Abaxx Technologies Inc.,, a financial software (fintech) company, majority shareholder of Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange (ACX), and producer of the SmarterMarkets™ Podcast, announces that Wes Fulford has been appointed to serve as interim Chief Financial Officer and Celine Tan has been appointed Financial Controller of Abaxx Singapore, effective June......
FinTech and Payments Industry Expert Eric Woodward Joins Socure as Senior Advisor to the CEO
Former Early Warning and Zelle® executive with more than 25 years of experience in the financial services and payments industries brings deep identity fraud and authentication expertise Socure, the leading provider of digital identity trust and verification solutions, today announced the appointment of Eric Woodward as senior advisor to the CEO, Johnny Ayers.......
iSTOX Rebrands To ADDX, Will More Than Double Issuances This Year While Launching New Product Lines
New mobile app also allows users to invest in private markets on the go Private capital platform iSTOX is rebranding itself as ADDX as it enters a phase of fast-paced growth. The digital securities exchange will facilitate more issuance deals – at least 20 this year, more than double of......
GigaPoints Finds Average Credit Card User Could Be Earning an Extra $1,000 per year in Rewards
Startup recognized with prestigious Webby Awards nomination for Best Financial Services/Banking Site GigaPoints, a platform that provides personalized credit card recommendations based on a user’s spending, announced new data insights today. The company found that its average user could earn $1,046 more in rewards each year by switching credit cards.......
Citi Releases 2020 Environmental, Social and Governance (ESG) Report
Citi released today its 2020 Environmental, Social and Governance (ESG) Report, an annual report that highlights the ways in which Citi is enabling progress and sustainable growth in communities across the world. This report and related summary not only detail the progress Citi has made on its longstanding ESG priorities over the past year,......
Gap Inc. Signs Credit Card Program Agreements with Barclays and Mastercard
Barclays to become exclusive issuer of Gap Inc. credit cards and Mastercard to become exclusive network for Gap Inc.’s co-branded credit cards across Old Navy, Gap, Banana Republic and Athleta brands Gap Inc., a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta, and the largest......