Tag: Consumer Credit

UK finance leaders expected to scale back on ESG and DEI

More than half of senior professionals in the UK’s financial services sector now expect their leadership to reduce emphasis on environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) commitments.

Jaja Finance taps D•One to power inclusive lending

Jaja Finance has partnered with open banking specialist D•One to improve how it assesses credit applications using consumer transaction data.

FinTech firm Salmon secures $88m to expand in Philippines

Salmon has raised $88m to expand its presence in the Philippines and scale its operations across Southeast Asia. The latest funding round comprises a $60m...

FinTech firm Pagaya unlocks $1bn for point-of-sale lending through POSH securitisation

Pagaya Technologies, a global FinTech company specialising in AI-powered financial solutions, has launched a new securitisation programme aimed at accelerating growth in the point-of-sale (POS) lending space.

New BNPL rules to end ‘wild west’ lending and protect UK...

New regulation targeting the Buy-Now, Pay-Later (BNPL) sector is set to come into force next year, marking a significant shift in how the fast-growing...

Qlarifi secures £1.4m pre-seed funding to enhance BNPL credit transparency

Qlarifi, a FinTech start-up focused on improving credit reporting for Buy Now, Pay Later (BNPL) transactions, has successfully closed its pre-seed funding round.

Lendbuzz secures $400m in forward flow agreement with Viola Credit to...

Lendbuzz, an AI-based FinTech company from Boston, MA, announced a significant financial milestone with a new $400m forward flow program secured with Viola Credit, a global alternative asset manager.

Zilch Secures £100M from Deutsche Bank

Zilch, the world’s first ad-subsidised payments network (ASPN), has announced a significant £100m securitised debt financing deal arranged by Deutsche Bank.

The UK dominates European Lending Tech in 2023 with a 47%...

Key Lending Tech investment stats in 2023: • European Lending Tech deal activity totalled at 43 transactions in 2023, a 45% decrease from 2022 • European...

Black Friday BNPL risk: 16m Brits unaware of debt dangers

Ahead of the bustling Black Friday sales, a concerning revelation has emerged from Creditspring's recent study. An astonishing 16 million people in the UK are still oblivious to the fact that using 'Buy Now Pay Later' (BNPL) services can lead to significant debt.

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