In the last ten years, alternative lending services have made borrowing money easier, especially for those who became increasingly out of reach for many traditional lenders. But their current level …
Read More »Why alternative lenders are becoming popular with small businesses
Small businesses used to have to look to traditional financial institutions to obtain funding; however, alternative lenders are becoming increasingly popular among this group. Here are a few reasons why: …
Read More »Berlin-based online bank to use Bitcoins to issue loans worldwide
The Berlin-based peer-to-peer (P2P) lending platform Bitbond will soon allow its customers to receive loans in bitcoins and other cryptocurrencies around the world. This will help the company bypass the …
Read More »Amazon partners with Bank of America for lend-tech leap
Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program …
Read More »Four key trends for alternative lending in 2018
Gabriella Kindert, head of Alternative Credit at NN Investment Partners, explores four key trends that are likely to impact the alternative lending landscape in 2018: Intensifying competition and open network …
Read More »PrivatBank launches online credit service in Ukraine
PrivatBank has launched an online credit service that allows individuals to apply for loans of up to UAH 50,000 without having to visit a branch and deal with processing paper …
Read More »Alternative lending startups changing traditional lending in India
Startup companies are starting to rewrite traditional lending ideas in India. One such company, MoneyTap, uses a chatbot-based loan application system to give customers real-time loan processing and wire loan …
Read More »Online lenders for SMEs
In a recent interview, Mariusz Zabrocki, managing director of iwoca Poland, spoke about online lending to small- and medium-sized enterprises (SMEs). Mr. Zabrocki noted that SMEs are changing thanks to …
Read More »Sberbank offers online loan process to SMEs
Russia’s Sberbank has become the first in the country to offer loans to small- and medium-sized enterprises (SMEs) completely online. While other banks do offer businesses the chance to begin …
Read More »Proposed amendments to regulate the Kazakhstani online loan market
The National Bank of Kazakhstan has developed a number of amendments that will regulate online lending. Specifically, the amendments will: Require loans be issued only in the national currency Establish …
Read More »Payme application launches online loans in Uzbekistan
Payme users can now receive online loans of up to UZS 1 million. The application now allows users to request a loan within the application. Once the request is sent, …
Read More »Online lending in Kazakhstan expected to grow 200-300% in 2018
Online microlending in Kazakhstan has been steadily growing in the past few years. In 2015, it amounted to KZT 2.5 billion. In 2016, this figure rose to KZT 8.9 billion, …
Read More »Georgia works to balance demand for online loans with proper regulations
The government of Georgia is working to find a proper balance between regulating online loans and allowing online lenders the flexibility they need to meet consumer demands. Economic Minister Dimitri …
Read More »Video: what is online lending?
An online lender is a company that offers loans and other forms of financing through their website. The types of lending provided are usually in the form of lines of …
Read More »Video: factoring
Factoring, sometimes referred to as accounts receivable financing, can be a great way for a business to get money fast. However, it can also be a relatively expensive form of …
Read More »Video: the impact of alternative lenders in the next 5 years
This video shares some insights on the impact alternative lenders will have on lending in the next five years. Video: PSD2 explained in 4 minutes Infographic: the benefits of e-signatures …
Read More »Infographic: alternative lending timeline
As alternative lending matures into what many are calling “alternative lending 2.0″, it is worth taking a look back at the sector’s evolution since 2005 — from Zopa pioneering peer-to-peer …
Read More »Infographic: alternative lending options for small businesses
In today’s financial climate, many banks have stopped lending to new businesses or businesses that do not have sufficient credit. This seemingly leaves many businesses with few options; in reality …
Read More »Armenia’s Evocabank launches SingleTouch online loans
Evocabank has launched a new online lending service through its mobile application. SingleTouch loans, available to customers 24 hours a day/7 days a week, are given in local currency at …
Read More »National Bank of Kazakhstan preparing reforms that will affect online microlenders
The National Bank of Kazakhstan is preparing the largest reform in ten years, which will greatly impact online lenders. Currently, the online microloan market in Kazakhstan is almost not regulated …
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