Categories loans

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Valon closes on $50M a16z-led Series A to grow mobile-first mortgage servicing platform

If you’ve ever applied for a mortgage, you know it’s one of the most painful processes out there. Keeping up with payments and dealing with customer service over the course of the loan is no picnic either. So it’s no surprise that big bucks are being poured into the space […]

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Anyfin raises $30M Series B to let consumers refinance their existing loans

Anyfin, the Stockholm-based startup that enables consumers to refinance their existing loans, has raised $30 million in funding. Leading the Series B round is EQT Ventures, with participation from existing investors Accel, Northzone and Rocket Internet’s Global Founders Capital (GFC). Anyfin says it will use the investment to “drive product […]

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My experience with the CARES Act was frustrating, confusing and unfair

Suzanne Borders Contributor Share on Twitter Suzanne is the CEO and co-founder of BadVR. She thrives at the intersection of data, art, technology and poetry. As a small business owner, I was excited to learn about the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act that offers low-interest loans […]

PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program, which […]

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Deliveroo, Graphcore and other big UK startups say they’re being cut out of COVID-19 lending relief

The U.K. government, like a number of other countries around the world such as the U.S., has stepped up its pace in providing relief in the form of loans for businesses being impacted by the coronavirus health crisis and the related shutdown that we’ve seen across the economy and life […]

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SMB loans platform Kabbage to furlough a ‘significant’ number of staff, close office in Bangalore

Another tech unicorn is feeling the pinch of doing business during the coronavirus pandemic. Today, Kabbage, the SoftBank-backed lending startup that uses machine learning to evaluate loan applications for small and medium businesses, is furloughing a “significant number” of its U.S. team of 500 employees, according to a memo sent […]