OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders
The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.
Customers left “gutted” and in tears after neobank Tide halts Bounce Back Loans to...
UK challenger bank Tide has frozen the issuing of Bounce Back Loans for small businesses after its funding efforts fell through, leaving customers crestfallen and in tears.
Business lender TradeBridge secures credit facility of up to £100m
TradeBridge, a business lender, has received a credit facility of up to £100m from Castlelake, a global investment manager.
Dublin-based Supply Finance closes €4m Series A round
Supply Finance, which provides trade finance products to SMEs across Europe, has closed a €4m Series A investment round.
OakNorth Bank provides ?4.4m coronavirus loan to Beulah Vista Caring Home
Challenger bank OakNorth Bank has completed a ?4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.
27 FinTech funding rounds from the last week that could show how a post-coronavirus...
From InsurTech startups to cybersecurity ventures, the past week has seen several FinTech firms find funding to help them grow despite the global pandemic.
Business lender ProgCap said to raise around $1.37m in funding
Business lender ProgCap has reportedly raised Rs 10 crore ($1.37m) in a funding round, which was led by Stride Ventures.
Oxbury backs British farmers with additional £20m raise
Oxbury, an agricultural bank that lends to farmers, has raised £20m in funding following its £31m Series C funding round in March this year.
Greensill has bagged another $655m from SoftBank
SoftBank tapped into its gigantic Vision Fund for a second time this year to support Greensill, the business financing company.
Having already secured $800m from...
Qupital revealed as one of eBay’s recommended financing service providers in Hong Kong
Trade financing platform Qupital has inked a deal with eBay to become one of its officially recommended financing service providers in Hong Kong.
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