Tag : Lending

Finance News

First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight......
Lending SaaS Startup 'Cloudbankin' Secures $400K Funding
Fintech Startups Lending News

Lending SaaS Startup ‘Cloudbankin’ Secures $400K Funding

Business Wire
by Business Wire0
Cloudbankin, a complete end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, announced it has successfully raised $400K in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC – a global venture capital firm. Prominent Fintech angel investors including Mr. Ramanathan RV, CEO at Hyperface, Mr.......
Arcadea Group Announces Strategic Acquisition of SPARK
Lending News

Arcadea Group Announces Strategic Acquisition of SPARK

Business Wire
by Business Wire0
The acquisition will focus SPARK on long-term growth and enhanced product functionality SPARK, an innovative SaaS-based lending platform serving the SBA and conventional lending market in the United States, has been acquired by Arcadea Group, a global, long-hold and growth-oriented SaaS investor. Arcadea acquired SPARK from Community Reinvestment Fund, USA......
Reltime Unveils Non-custodian Mobile Wallets and Revolutionary WEB3 Platform
Digital Wallet News

Reltime Unveils Non-custodian Mobile Wallets and Revolutionary WEB3 Platform

PR Newswire
by PR Newswire0
Reltime AS, a leading innovator of digital financial solutions has announced that it is launching the next version of its non-custodian wallets and ground-breaking Web3 platform which are set to revolutionize global digital finance. In May 2023, Reltime won the prestigious Nordic Innovation Award as the Best AI & Web3 Fintech of......
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Fast Track Verifications Across Plaid-powered Apps

Pooja Choudhary
by Pooja Choudhary0
Friction is your worst enemy when it comes to applicant onboarding. With Plaid, we’ve seen an increase in automatic qualifications for our applicants by 30%+. Instant verification of an applicant’s identity and ability to repay, better user experience and lower fraud all in one integration.”-  JOSHUA TATUM, CPO & CO-FOUNDER......
Momnt Partners with Cross River to Make Lending More Accessible
Banking Lending News

Momnt Partners with Cross River to Make Lending More Accessible

Business Wire
by Business Wire0
Momnt, a financial technology company that powers real-time lending and payment solutions for businesses at the point of need, is excited to announce the launch of a partnership with Cross River Bank, a leading financial services and technology infrastructure provider that offers embedded financial solutions. Merchants on the Momnt platform......
Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability
Mortgage News

Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability

GlobeNewswire
by GlobeNewswire0
Equifax Canada Market Pulse — Consumer Quarterly Credit Trends Report Credit demand remained high in the first quarter of this year while the mortgage market experienced a notable slowdown, according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report. Despite the slow mortgage market, the total consumer......
Builders Capital Raises Additional $500 Million of New Capital, Prepares to Fund Billions of New Home Construction Loans This Year
Finance News

Builders Capital Raises Additional $500 Million of New Capital, Prepares to Fund Billions of New Home Construction Loans This Year

Fintech News Desk
by Fintech News Desk0
Builders Capital announced that it has raised an additional $500 Million of new capital to address the needs of home builders and developers, in addition to the $300 Million announced last week. This new capital will help Builders Capital continue their rapid growth and fill the gap in new home construction financing left......
TradeIndia.com Launches TradeUdhaar: Empowering MSMEs with Unsecured Working Capital Loans
B2B Lending News

TradeIndia.com Launches TradeUdhaar: Empowering MSMEs with Unsecured Working Capital Loans

Fintech News Desk
by Fintech News Desk0
TradeIndia.com, the leading online B2B marketplace connecting buyers and suppliers globally, is excited to announce the launch of its lending arm, TradeUdhaar. TradeUdhaar is set to revolutionize the financing landscape for MSMEs. This remarkable achievement underscores the overwhelming demand for TradeUdhaar’s innovative financing solutions and highlights its significant impact on......
Roc360 Further Expands its Leading Portfolio of Brands with Acquisition of Origination Assets of Civic Financial Services
Investment Services Lending News

Roc360 Further Expands its Leading Portfolio of Brands with Acquisition of Origination Assets of Civic Financial Services

PR Newswire
by PR Newswire0
Roc Capital Holdings LLC, a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans nationwide, announced it has purchased the origination assets of Civic Financial Services, a subsidiary of Pacific Western Bank. Under the terms of the transaction, CIVIC, one of the leading institutional......
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