Tag : Business Lending

Lendflow Closes $10.8 Million Series A Financing to Turn Any Company into a Fintech
Fintech News

Lendflow Closes $10.8 Million Series A Financing to Turn Any Company into a Fintech

Fintech News Desk
by Fintech News Desk0
Underscore VC Backs Fast-growing SMB Contextual Lending Services Platform Lendflow, the market leader in embedded small and medium business lending, announced it has raised a $10.8 million Series A funding round. Underscore VC led the financing, which brings its total funding raised since its 2019 inception to over $13 million. Uncorrelated Ventures,......
Platinum Bank Quickly Deploys the nCino Bank Operating System to Streamline Business Lending
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Platinum Bank Quickly Deploys the nCino Bank Operating System to Streamline Business Lending

Fintech News Desk
by Fintech News Desk0
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $425 million-asset Platinum Bank has deployed the nCino Bank Operating System to optimize its business lending. With COVID-19 hastening financial institutions’ need to transition to a digital environment, Platinum Bank......
Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
Banking Fintech Fintech Funding Investment Services News Trading

Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago in January 2020, big banks approved a record high......
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