Short-term lender Bespoke Financial recently announced its intention to funnel $7 million into its cannabis lending project. This comes after the company raised the amount in a funding round led by venture firm Casa Verde, reported PRNewswire. Casa Verde...
China is transforming its Peer-to-Peer lending with a new loan plan called the Small-Time Lending.
After a series of fraud and defaults, the regulators consider converting qualified online lenders to small-loan companies. The local authorities are trying to save what’s...
China surprisingly kept its lending rate to a steady 4.85 percent amidst the forecast that it would cut again after reductions in August and September.
Beijing Central Bank is keen on avoiding trailing behind the monetary policy that could cause...
UK-based fintech and mortgage lender startup Proportunity has secured a £2 million fund in a seed round held last week. According to the fintech lender, the collected funds will be used to develop its home equity lending platform, which...
The Asian Development Bank (ADB) increased its loan to the Philippines by up to $12.1 billion. The agreement was made under the “big-bang lending program,” which provides the country up to $3 billion per year until 2022. Of this...
In the move to crackdown harmful lending practices of high-interest loans, Google has shut down payday loan apps on Play Store.
According to the Wall Street Journal, Google is tracking down the ‘deceptive or harmful’ loans with annual percentage rates...
The European Investment Bank (EIB) recently deferred giving a decision on whether or not it will continue offering fossil fuel loans project, Reuters reported. This came after members criticized the proposal to stop lending to fossil fuel initiatives.
The decision...
India’s biggest lender by the market value of $21 billion reportedly suffered financially as the economic growth slowed down.
HDFC Bank Ltd. It is on the bricks of a flop as it suffers loan loses this year. The company also...
The Philippines’ Securities and Exchange Commission (SEC) recently sought the help of Google Philippines in cracking down illegal online lenders without SEC licenses. Manila Bulletin said that the two parties will be meeting on October 14, to deliberate what...
The newly-launched banking platform Juno has raised a $3 million funding seed from investors like Polychain Capital, Sequoia Capital, and Dragonfly Capital.
The same founders of lending protocol Nuo have created Juno in July this year, highlighting a 5.5 percent...
