Small business lending marketplace Lendio today announced record growth across all areas of its business, including 90 per cent year-over-year quarterly revenue growth. To date, Lendio has helped facilitate more than $900 million in financing to more than 45,000 small ...
P2Bi partners with Amalgamated Bank
P2Binvestor (P2Bi), a marketplace lending platform offering crowdsourced, asset-secured lines of credit to growing companies, today announced a partnership with Amalgamated Bank, a socially responsible bank based in New York. The P2Bi bank partnership program gives growing businesses a way ...
Biz2Credit releases June lending report
Small business loan approval rates for big banks (26.1 per cent) continued the upswing with yet another new high in June 2018, according to the Biz2Credit Small Business Lending Index released today. The analysis examined more than 1,000 credit applications ...
Thinking Capital/Purpose Financial union to benefit Canadian SMEs
In March Purpose Financial acquired Thinking Capital, adding it to its portfolio of companies which also includes Purpose Invest, Purpose Advisor Solutions and Purpose Innovation Labs. A combination of cash and securities were exchanged. “The combination of Thinking Capital and ...
The top 3 financial technologies disrupting small business markets
Most of the fintech innovations we read about on a day-to-day basis only concern major financial firms, banks, and stock markets. There is, however, another side to financial technology, which some would argue has a greater impact than its enterprise-level ...
“Bright” idea to benefit SMBs
Bright, a blockchain-based decentralized financial services marketplace established by the founders behind AMPP Group, is working to close the credit gap faced by micro, small, and medium-sized enterprises (MSMEs) around the world. Access to finance is essential for growing small businesses, ...
Lendio employee program funds 2,800 Kiva microloans
Lendio announced today that Lendio Gives, its employee contribution and employer matching program, has provided more than $70,000 in microloans to 2,800 underserved entrepreneurs in 78 countries through Kiva. In May, Lendio ranked sixth among Kiva’s Internal Business Groups for ...
Small business loan approvals continue rise
Small business loan approval rates for big banks (25.9 per cent) continued the upswing with yet another new high in May 2018, according to the Biz2Credit Small Business Lending Index released this week. The monthly analysis examined more than 1,000 ...
TransUnion’s Startup Credit Kit to boost entrepreneurial innovation
Access to relevant data can make or break a startup company, especially in the ultra-competitive financial services industry. To meet the needs of startups and their investors, TransUnion this week launched the Startup Credit Kit at LendIt Fintech USA 2018, giving new companies faster ...
Lendio’s lender turndown program offers second chance
Lendio this week announced at LendIt Fintech USA, the world’s leading event in financial services innovation, that it has facilitated nearly $60 million in loans through its lender turndown program. Lendio’s lender turndown program allows lending partners to offer a ...