Consumer lending platform MoneyTap has raised another big shot funding of Rs 500 crore, led by Sequoia India, Aquiline Technology Growth, and RTP Global. The company is backed by both local and international investors from South Korea and Japan. Existing...
Roc360, a financial services platform that caters residential real estate investors, announced Monday, Jan 27, the launch of its latest platform called Haus Lending. In a press release, the New York-based company described its new product offering as “a machine...
State Bank of India Chairman Rajnish Kumar recently stated that the country’s non-bank financial institutions are finally recovering after years of struggling. CNBC reported that these “shadow lenders” in the sector are still facing some issues but are in...
The Philippine Securities and Exchange Commission (SEC) ordered the shutdown of three illegal online lenders last January 21, 2020. The SEC’s order came after discovering that the three online lending platforms operated without proper licenses. The three platforms are Peso...
Adani Capital, the lending arm of the Gujarat-based conglomerate Adani Group, has announced it has acquired Essel Finance’s MSME loan business. The transaction, which grants Adani Capital a loan book of around ₹145 crore, was the second asset of...
Digital lending platform Sezzle recently agreed to pay a fine of $28,200 and refund a total of $282,000 in exchange for a license to operate in California, said PYMNTS. This comes after the company decided to be monitored by...
Since the decline of the web users accessing the Opera browser to surf the internet, freeware web browser Opera has shifted to short-term lending with interest up to 876 percent. The Android Police has found out that the terms of...
The executive committee of the Montreal municipal government has recently favored two loans amounting to $106.5 million. Montreal Gazette reported that the fund will be funneled toward the development and protection of green spaces around the city. Executive committee member...
Innovative Finance, the independent representative body of UK's global FinTech community, announced Monday the launch of a new group called 36H Group as a replacement to its former self-regulated peer-to-peer trade body, Peer-to-Peer Finance Association (P2PFA). In a press release,...
Last Sunday, January 12, 2020, the Taal Volcano spewed out ashes as it erupted later afternoon. Following this incident, farmers, fishermen, and other forms of livelihood around Batangas were destroyed or affected. In light of this, the Philippine government...

RECENT POSTS