Tag : securitization

PowerPay Completes $118.9 Million Asset-Backed Securitization to Further Growth
Fintech News

PowerPay Completes $118.9 Million Asset-Backed Securitization to Further Growth

PR Newswire
by PR Newswire0
This is PowerPay’s first securitization (PWRP 2024-1). The Company partnered with CapitalOne Securities and Chartway Federal Credit Union, Virginia Beach, VA to achieve this milestone. PowerPay, a leading fintech company specializing in real-time lending and payment solutions for contractors and physicians announced the closing of their inaugural securitization obtained by......
BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization
Fintech News

BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization

PR Newswire
by PR Newswire0
Company joins Unlock Technologies for historic move in home equity investment space BSI Financial Services, a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization, the industry’s first rated securitization of home equity agreements (HEAs). The $224 million securitization consists of......
BearingPoint Acquires New Assets for Its Products Unit and Expands Its Securitization and Refinancing Capabilities
Finance News

BearingPoint Acquires New Assets for Its Products Unit and Expands Its Securitization and Refinancing Capabilities

Business Wire
by Business Wire0
To strengthen and expand its market position in the asset-backed securities (ABS) area, BearingPoint is taking over, through an asset deal transaction, the securitization business from TXS, including two software assets for the securitization and refinancing market European management and technology consultancy BearingPoint announced it has acquired the business unit......
MNT-Halan Attracts $400 Million in Largest Funding in Egypt and the Middle East in the Past 12 Months
Finance Fintech Funding News

MNT-Halan Attracts $400 Million in Largest Funding in Egypt and the Middle East in the Past 12 Months

Fintech News Desk
by Fintech News Desk0
Company is in advanced stages to close additional $60 million of primary capital from international investors MNT-Halan, Egypt’s leading and fastest growing fintech ecosystem, announced that Chimera Abu Dhabi has invested more than $200 million in equity in exchange for over 20% of the company. In addition, the company is......
Allvue Systems Announces Strategic Partnership with IQ-EQ
Investment Services News

Allvue Systems Announces Strategic Partnership with IQ-EQ

Fintech News Desk
by Fintech News Desk0
Partnership will provide private debt and CLO managers with a trusted advisor to effectively implement and integrate Allvue’s back-office product suite Allvue Systems (“Allvue”), a leading alternative investment technology solutions provider, announced that they have formed a strategic alliance with IQ-EQ to provide back office servicing to private debt and CLO......
Vroom Announces Pricing of UACC Auto Loan Securitization
Finance News

Vroom Announces Pricing of UACC Auto Loan Securitization

Fintech News Desk
by Fintech News Desk0
Vroom an innovative ecommerce platform that offers a better way to buy and sell used vehicles, announced that United Auto Credit Corporation (UACC), an indirect wholly-owned subsidiary of the company, priced an auto loan securitization of $255.080 million in aggregate principal amount of automobile receivable backed notes (the “Notes”) on......
Balboa Capital Announces Completion of $201 Million Securitization
Business Fintech News Risk Management

Balboa Capital Announces Completion of $201 Million Securitization

Fintech News Desk
by Fintech News Desk0
Leading direct lender closes the seventh equipment asset-backed securitization in its history. Balboa Capital a leading direct lender that offers equipment financing and small business loans, today announced that it has closed its seventh equipment asset-backed securitization (ABS), a $201 million issuance. Truist Securities, Inc. served as structuring agent and was an initial......
Pagaya Hires Five Finance Industry Veterans, Further Driving Firm’s Transformation of Asset Management
Business Fintech News

Pagaya Closes $200 Million Consumer Credit ABS

Fintech News Desk
by Fintech News Desk0
Firm Reaches $1.5 Billion Assets Under Management, Expands PAID Shelf Pagaya, a global financial technology company using artificial intelligence (AI) to reshape asset management, announced the closing of a consumer credit asset-backed security (ABS) at $200 million led by structuring agent Cantor Fitzgerald. This is Pagaya’s sixth securitization in the......
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