Tag: Loans

KreditBee, a lending mobile app based in India, has reportedly secured an additional $100m in funding to support its expansion across South Asia.

Avant, a credit-first FinTech company, has received $250m in corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds.

Pylon is a startup that is helping lenders and FinTechs embed end-to-end mortgage tools, and it has reportedly raised $8.5m in its seed round.

Following a successful pilot, building society Nationwide has launched an API integration with end-to-end mortgage platform Smartr365.

Just 10 months after its first financing round, SME non-dilutive financing provider Karmen has raised €50m in debt.

India-based Lentra, which offers AI-powered lending services, has reportedly collected $60m for its Series B funding round, which values the business at $400m.

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 

UK-based ethical lender Plend has reportedly raised £40m in a seed funding round, as it looks to put an end to financial exclusion.

Zest AI, which automates underwriting with better lending insights, has closed a growth round on $50m.

Lendbuzz, which claims to be disrupting the car financing market through AI and machine learning, has secured a credit facility on $150m.