Weemba

X Financial to Report Second Quarter 2021 Financial Results on August 10, 2021

Retrieved on: 
Monday, August 2, 2021
Credit, Economy, Finance, Social economy, Weemba, Microfinance

X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Key Points: 
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.
  • With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate loans to prime borrowers under a robust risk assessment and control system.

X Financial to Report First Quarter 2021 Financial Results on June 16, 2021

Retrieved on: 
Friday, June 11, 2021
Credit, Economy, Finance, Social economy, Weemba, Microfinance

X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Key Points: 
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.
  • With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate loans to prime borrowers under a robust risk assessment and control system.

30% of Mid-Market Lenders dropped rates to compete for borrowers in 1Q21

Retrieved on: 
Thursday, May 6, 2021
Money, Finance, Economy, Credit, Weemba, Syndicated loan

33% of commercial bank lenders saw an increase in loan inquiries from potential borrowers.

Key Points: 
  • 33% of commercial bank lenders saw an increase in loan inquiries from potential borrowers.
  • The majority of Commercial Banks (64%) reported that switching lenders was not a factor for their borrower demand increases.
  • One possible reason for this trend is the increase in commercial bank borrowers choosing to include non-bank lenders in their credit search processes.
  • Working with finance and technology experts, Cerebro has created a holistic corporate loan management solution designed to revolutionize the way borrowers, lenders, intermediaries, and stakeholders manage corporate debt.

Talkdesk Launches New AI-infused Digital Lending Solution, Enabling a Better Way for Borrowers to Access Loans

Retrieved on: 
Tuesday, April 27, 2021
Technology, Mobile, Wireless, Finance, Telecommunications, Professional services, Software, Networks, Internet, Data management, Money, Finance, Economy, Loans, Credit, Peer-to-peer lending, Weemba

Talkdesk Digital Lending enables lenders to service the recent surge in loan volumes, while also meeting compliance and regulatory requirements.\nThe availability of Talkdesk Digital Lending comes at a time when lenders are facing a fractured borrower experience.

Key Points: 
  • Talkdesk Digital Lending enables lenders to service the recent surge in loan volumes, while also meeting compliance and regulatory requirements.\nThe availability of Talkdesk Digital Lending comes at a time when lenders are facing a fractured borrower experience.
  • Talkdesk Digital Lending raises the bar for the digital and human experience, while earning positive feedback from borrowers and improving lenders\' bottom line.
  • Find more details on LendIt Fintech USA 2021 .\nThe Talkdesk Digital Lending solution represents an expansion of the Talkdesk lending offering, which now helps lenders of any size in administering any type of loan.
  • In January, Talkdesk launched the Talkdesk Small Business Lending solution , enabling lenders to streamline the administration of loans via the U.S. government\xe2\x80\x99s Paycheck Protection Program, in order to support small business borrowers.

X Financial Postpones Release of Fourth Quarter and Fiscal Year 2020 Financial Results to April 23, 2021

Retrieved on: 
Monday, April 19, 2021
Economy, Credit, Articles, Weemba, Microfinance

b'X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Key Points: 
  • b'X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.
  • With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitating loans to prime borrowers under a robust risk assessment and control system.\n'

Liberty SBF Unveils New Portal for the Paycheck Protection Program Loan Applications and Forgiveness for Small Businesses

Retrieved on: 
Tuesday, January 12, 2021
Paycheck Protection Program, Small Business Administration, SBA, Loans, SBA ARC Loan Program, Weemba

The updated website portal enables borrowers to efficiently process PPP loan applications for the next round of small business stimulus funding starting January 11, 2021.

Key Points: 
  • The updated website portal enables borrowers to efficiently process PPP loan applications for the next round of small business stimulus funding starting January 11, 2021.
  • Congress has allocated an additional $285 billion to the Small Business Administration's (SBA) Paycheck Protection Program (PPP) to continue providing urgently needed short-term capital to America's essential small business owners.
  • Liberty SBF has a national reputation of helping small business owners navigate financial challenges and maximize the benefits of SBA loan programs.
  • Liberty SBF is a mission-based lender that provides capital through the Small Business Administration (SBA) loan programs at a low cost to borrowers.

Abrigo Ready to Support Community Financial Institutions in New Round of PPP Loans

Retrieved on: 
Monday, January 11, 2021
Money, Finance, Economy, Loans, Credit, Paycheck Protection Program, Community development financial institution, Weemba

Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, supported more than 360 financial institutions totaling nearly $12 billion in loans funded in the first and second rounds of the PPP.

Key Points: 
  • Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, supported more than 360 financial institutions totaling nearly $12 billion in loans funded in the first and second rounds of the PPP.
  • Starting today, first-time PPP borrowers can submit applications to community-based lenders, such as community development financial institutions (CDFIs) and minority deposit institutions (MDIs).
  • To ensure community financial institutions are ready to begin accepting PPP loans when the program relaunches, Abrigo has quickly updated its platform to meet the needs of the latest guidance and new borrower and lender forms.
  • Abrigo's implementation team enables financial institutions to fully implement the software and begin automating PPP loans within 48 hours.

New LendAmi Platform Simplifies Loaning Money to Friends & Family

Retrieved on: 
Tuesday, July 14, 2020
Economy, Money, Finance, Credit, Loans, Social economy, Peer-to-peer charities, Financial technology, Title loan, Weemba

Of those loans, almost 50% are only partially paid back or not at all resulting in hurt feelings, damaged relationships and unwillingness to loan again.

Key Points: 
  • Of those loans, almost 50% are only partially paid back or not at all resulting in hurt feelings, damaged relationships and unwillingness to loan again.
  • Helping to solve this problem, LendAmi has introduced an easy online person-to-person platform that allows people to loan money to each other in a safe, secure and responsible manner.Using LendAmi's secure platform, borrowers and lenders negotiate terms, set up automatic bank ACH transfers and track the life of the loan.
  • Leveraging teams in Miami and Jacksonville, Florida, the LendAmi platform is designed to allow users to transact loans with people they know.
  • LendAmi is an easy to use online person-to-person platform that allows people to loan money to each other in a safe, secure and responsible manner.

Lendio Closes $55M Series E Funding Round Led by Mercato Partners

Retrieved on: 
Thursday, February 27, 2020
Economy, Money, Finance, Credit, Lendio, Loans, Borro Private Finance, Peer-to-peer charities, Social economy, Weemba, Zidisha

The funding enablesLendio to increase the scope and precision of its loan marketplace while expanding newbookkeeping and lender services functions.

Key Points: 
  • The funding enablesLendio to increase the scope and precision of its loan marketplace while expanding newbookkeeping and lender services functions.
  • Lendio uniquely solves the problem of inefficient capital for small businesses by bridging lenders and borrowers.
  • They are able to connect both sides and facilitate loans faster and more effectively between small business owners and lending institutions.
  • For more information about Mercato Partners, the Traverse Funds and the portfolio companies, visit www.mercatopartners.com .

Noble Capital Group Launches Exclusive Program for Private Lenders

Retrieved on: 
Wednesday, February 12, 2020
Economy, Finance, Money, Credit, Banking, Loans, Corporate finance, Investment, Private equity, Private money, Weemba

AUSTIN, Texas, Feb. 12, 2020 /PRNewswire/ -- Noble Capital Group, an alternative investment financial firm focused on private lending and private equity, announced today the rollout of its nationwide lending initiative, the Private Lender Network (PLN), to finance real estate investment projects and provide growth-oriented support to private lenders in select markets across the United States.

Key Points: 
  • AUSTIN, Texas, Feb. 12, 2020 /PRNewswire/ -- Noble Capital Group, an alternative investment financial firm focused on private lending and private equity, announced today the rollout of its nationwide lending initiative, the Private Lender Network (PLN), to finance real estate investment projects and provide growth-oriented support to private lenders in select markets across the United States.
  • The Private Lender Network will support the growth of private lenders by offering proven tools for business operations and marketing strategies, as well as providing loan underwriting and loan servicing.
  • Noble Capital is a Texas-based alternative investment firm specializing in private lending and private equity.
  • Noble Capital has built an extensive network of private lenders and real estate professionals and is rapidly growing its investment portfolio and its private investment funds.