Thursday, October 28, 2021
Amazon.com Inc. announced Wednesday, March 26, 2020, its decision to stop loan repayments from its sellers as the pandemic continues to affect businesses and sales, notes Reuters. Its Amazon Lending program would reportedly put payments on hold from Thursday,...
On March 18, 2021, LenDenClub, a peer-to-peer (P2P) lending site headquartered in Mumbai, announced that it had successfully merged with Google Pay and was now available on its system. It is the first peer-to-peer lending site to connect with...
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...
The Star reports that Wall Street Banks are directing their funds towards start-up technology companies in China with values pegged over $1 billion. These banks are lending billions to Chinese tech unicorns after their billion-dollar loans to start-ups in...
Mitsubishi UFJ Financial Group Inc. (MUFG) will be launching a lending business in Thailand through Grab, said Reuters. This is to monetize the investment it made to the ride-hailing company. MUFG invested $706 million in Grab back in February. The...
In the recently concluded series B funding event, construction lending financial technology platform Built Technologies has successfully raised $55 million. The round of funding was led by Goldman Sachs. According to Housing Wire, Built Technologies was able to raise $31...
According to the data released by the Bureau of Treasury on Tuesday, the Philippine government’s debt has ballooned to a massive ₱8.6 trillion as of April 2020. The rise in loans comes as the country seeks to get a...
The Securities and Exchange Commission (SEC) recently moved to shut down 11 more mobile lending applications in the Philippines. The decision to close down these apps follows after numerous complaints against the companies involved. According to ABS-CBN News, 11 institutions...
The digital investment firm, Atomic Capital, has recently entered the crypto-backed lending field, offering the largest loan-to-value (LTV) available on the market yet. Announced Wednesday, April 3, the financial services company will be launching 85% US dollar loan offer of...
The United States President Donald Trump’s plan to impose tariffs on Chinese consumer goods is expected to have an impact on holiday spending. The imposition is slated to commence Sunday, December 15, 2019. Should the plan push through, approximately...

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