Yolt Technology Services brings Open Banking to mortgage lending
ING Bank-backed Open Banking vendor Yolt Technology Services is to expand its Account Information Services to support UK mortgage lenders.
London’s P2P invoice financing platform MarketFinance increased lending to over £340 million this year
Stocker claims that MarketFinance is now ending the year “stronger, bigger and more ambitious than ever before.”
Sourced Capital hits £10m milestone
Warrington-based peer-to-peer lending company Sourced Capital has raised more than £10m in P2P finance loans during 2020.
Ready Money offering technology-driven financial solutions for individuals and businesses
Ready Money Capital Limited recently started offering technology-driven financial solutions to their individual and corporate clients.
LendInvest Update: Raises LTVs to 80% and launches funding for student lets/first-time landlords
LendInvest, a UK marketplace for property financing, has broadening its lending criteria to include first-time landlords and student lets.
Lending Works and Lendable named in Tech Track 100
Peer-to-peer lending platforms Lending Works and Lendable have been named in the Tech Track top 100 fastest-growing tech companies in the UK.
London’s Propio, which offers “Simple, Affordable, Tax Efficient Ways” to invest in property, to launch P2P lending platform
Propio, a platform that aims to provide a “simple, affordable, and tax-efficient way” to invest in property, has secured new capital.
Glasgow in sights of fintech aiming to disrupt lending market
A fintech start-up founded by a Glaswegian entrepreneur is aiming to disrupt the lending market with a “totally new and fair approach” – and set to roll out low-cost loans for public sector workers in locations including Glasgow. Salad Money, founded by Debt Hacker campaigner Alan Campbell, is looking to “smash the monopoly” of credit reference agencies and tap into open banking and artificial intelligence. The company, which says it is the first open banking powered lender, said it is opening up affordable credit to 85 per cent of applicants who were previously excluded from credit or paying sky-high annual rates. Salad Money said its “revolutionary” new method of credit […]
