Easy Money: Finova Financial to Launch First All-Digital Lending Platform
Florida-based Fintech company Finova Financial secures record-breaking $52.5 million in funding for auto title lending platform. Largest funding in history of Fintech. Being the first cloud and mobile-based auto title lending service for consumers, Finova secured one of the largest funding rounds in the history of the Fintech industry. Sources of funding include MHS Capital, Refactor Capital, Metamorphic Venture, and 500 StartUps as well as fintech entrepreneurs including Sam Hodges, Co-founder of NerdWallet, Jake Gibson, and a private company in the United Arab Emirates. Led by several....
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In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to compete with services that peer-to-peer firms provide. In a report from Computer Weekly, the NatWest platform, known as the Esme platform, will offer unsecured loans to SMEs of up to £150,000. The FinTech industry is quickly gaining ground on traditional banking services, which is seeing banks ramping up their efforts to keep financial technology companies at bay. By doing so, banks such as NatWest are launching....
While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to individuals and businesses alike; nevertheless, it’s been plagued by trust and transparency issues. The decentralized nature of blockchain technology has led to the rise of a new generation of financing....
While London may be considered as the Fintech hub for startups in Europe, the Nordic countries such as Sweden, Norway, Denmark, Iceland, and Finland, are also making a presence in what is becoming a competitive market. We’ve put together a list of the ten hottest Nordic Fintech startups that deal with digital currencies, payment apps, online lending and more. Safello – Founded in 2014, Stockholm-based, Safello, is Sweden’s answer and link to the Bitcoin marketplace. Operating an online exchange for Bitcoin, Safello signed a proof of concept deal with Barclay’s in 2015 to determine how the....
Drops, a platform that facilitates loans for NFTs and DeFi assets, has revealed the first phase of the three-phase rollout of its NFT Lending platform. Per the official release, the Drops NFT lending platform offers users options to use their NFTs as collateral in return for access to trustless loans from Drops’ permissionless NFT lending pools. The NFT lending platform will be first launched on the testnet, flagging off the journey towards the eventual mainnet inauguration. Interested NFT owners can drop in their applications to join the testnet and witness history in the making. The....
The DeFi and NFT platform, SYNC Network, recently announced the launch of peer-to-peer lending on its platform to offer heightened security to lenders. SYNC, the Ethereum-based platform, aims to mitigate risk and bring stability to the DeFi space with the help of time-locked, reward-generating NFTs called CryptoBonds. To put this into perspective, the value of […]