Fintech lender Upstart Holdings Inc. will no longer park loans on its balance sheet that financial institutions aren’t interested in buying after its decision to hold on to such loans earlier this year surprised investors, its finance chief said. San Mateo, Calif.-based Upstart offers personal loans based on a machine-learning-powered […]
Fintech
Fintech, CDFI offer small-dollar loan with new twist
A new small-dollar loan for borrowers with limited credit histories has emerged from a partnership between a community development financial institution and a fintech. NAAC Finance, the new digital lending arm of the National Asian American Coalition, developed the product with Asenso Finance, a startup that processes and services loans […]
Freedom Bank Underwrites First Ever Valuation-Based Loan Using Fintech Partner BizEquity’s Valuation Software
Valuation Software Drives Valuation-based Loan for Forward-Thinking Banking Partner, Powered by the BizEquity Platform PHILADELPHIA, Dec. 7, 2021 /PRNewswire/ — Just two months after Freedom Bank partnered with valuation fintech leader BizEquity and launched its Business Valuation Loan product, the Virginia-based bank underwrites its first loan using BizEquity’s valuation technology. […]