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...
Westlake Financial Services, the largest privately held finance company in the United States, announced Wednesday, Oct 9, the launch of its commercial real estate lending subsidiary, Westlake Capital Finance. According to a press release, the newly-established program will provide Commercial...
The Landbank of the Philippines, the state-owned banking institution of the country, now provides simpler, more accessible, and more affordable loan applications for farmers. Following this, Landbank also streamlined its simplified lending procedure. According to Cecilia Borromeo, Landbank president and...
The Jubilee Debt Campaign (JDC) alleged that the International Monetary Fund (IMF) recklessly lends to highly indebted countries. This practice goes against its own policies against lending to entities without making sure that the debt will be sustainable. According...

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