By Joel Poultney (June 20, 2022, 5:20 p.m. BST) – A company providing consumer credit lines has sued a complaints management company for its alleged failure to properly investigate claims it filed, accusing the defendant of breached its regulatory obligations and unlawfully brought charges. SafetyNet Credit says in a recently released June 9 High Court […]
By Joel Poultney (June 20, 2022, 5:20 p.m. BST) – A company providing consumer credit lines has sued a complaints management company for its alleged failure to properly investigate claims it filed, accusing the defendant of breached its regulatory obligations and unlawfully brought charges. SafetyNet Credit says in a recently released June 9 High Court […]
BillEase, a cardless buy now, pay later (BNPL) and consumer credit application in the Philippines, has closed a $20 million credit facility with Lendable, an emerging markets credit provider. The new funding comes on top of recent Series B equity funding of $11 million raised from BurdaPrincipal Investments, MDI Ventures and KB Investment, among others, […]
Young South Africans are the fastest growing group of online shoppers in the country and it is imperative to provide this group of digital natives with access to credit.As part of its push for financial inclusion in Southern Africa, RCS, the consumer credit arm of global bank BNP Paribas, has announced its acquisition of South […]
RCS CEO Regan Adams. Online financial service provider RCS group acquired an online credit provider Mobicredas it seeks to provide online shoppers with a wider range of credit-based offers. Founded in 1999, RCS is the consumer finance arm of global bank BNP Paribas, specializing in offering financial services and products to customers in association with […]
RCSI-Acquisition of Online Credit Provider, Mobicred. BNP Paribas Personal Finance South Africa Limited(Incorporated in the Republic of South Africa)(Registration No. 2000/017884/06)Company code: RCSI(“BNPP PF South Africa” or “RCS”) Acquisition of online credit provider, Mobicred In alignment with its drive towards digital transformation and e-commerce expansion in SouthernAfrica, RCS group announces its acquisition of SA’s leading […]
When UniversalCIS and Credit Plus merged last October to create the nation’s largest trimerge credit reporting providerexecutives of the combined company said a new brand would arrive in early 2022. The new name, Xactuscomes with a tagline, “Advancing the Modern Mortgage”. They chose the root word, exact, because “our business is about precision, data and […]
Leeds-based personal finance provider International Personal Finance (IPF) hailed an “extremely strong full-year performance” after a return to profit. The listed company reported a statutory profit before tax of £67.7m for the year ended December 31, 2021, compared to a loss of £40.7m in 2020. However, revenue was reduced to £548.7m from £661.3m the previous […]
Younited, a European instant credit provider, posted record growth in 2021 and expects to reach 5 billion euros ($5.7 billion) in gross merchandise value by the end of this year, announced the Paris-based company Thursday, February 17. “The exceptional pace of our development demonstrates the perfect match between our instant credit offer and the exponential […]
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–TriLinc Global, LLC (“TriLinc”) today announced the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new investment partner for business expansion and social development. -economic in Africa and Latin America. “We are excited about our partnership with Working Capital Associates to expand our existing investment capabilities in term lending and […]
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By Najiyya Budaly (November 1, 2021, 2:56 p.m. GMT) – Britain’s antitrust watchdog has said it will monitor NewDay Ltd. after finding that the credit provider violated payment protection insurance disclosure rules by failing to provide up to 27,000 clients with annual statements of their policies. The Autorité de la concurrence et des Marchés said […]
By Najiyya Budaly (November 1, 2021, 2:56 p.m. GMT) – Britain’s antitrust watchdog has said it will monitor NewDay Ltd. after finding that the credit provider violated payment protection insurance disclosure rules by failing to provide up to 27,000 clients with annual statements of their policies. The Autorité de la concurrence et des Marchés said […]
Under the National Credit Law, it is illegal for credit providers to keep consumer instruments such as identification documents (IDs) and bank cards when granting credit. It’s the operating mode adopted by some credit providers to enforce credit contracts with consumers, said Anne-Carien du Plooy, Acting Manager: Education and Communication at the National Credit Regulatory […]
NewDay, the consumer credit provider, has hired a quartet of banks to advise a London Stock Exchange listing that is expected to value it at over £ 2.5 billion. Sky News has learned that NewDay and its owners have appointed Bank of America, Morgan Stanley and Citi as joint global coordinators of an IPO that […]
Media24 launches the quarterly Lose It! – which is all about weight loss, health improvement and the revolutionary ‘Tim Noakes’ or Banting diet today, Monday April 7, 2014. Suzy Brokensha edits the title. “There is no doubt that there is a complete change underway in the way we eat. Countries around the world are starting […]
X Sign up for free to receive the latest news straight to your inbox Register now Mortgage provider Morses Club said in a business update that despite the current Covid crisis, the group has had an “encouraging start for the [new financial] year â€with“ a constant increase in customer demand â€on all of its products, […]
Slice, a credit and payment startup aimed primarily at young professionals, has raised a cumulative debt of Rs 165 crore from 18 major financial institutions. This includes Northern Arc Capital Limited, Vivriti Capital Private Limited, AU Small Finance Bank, Incred Financial Services Limited, Pace Fincap Private Limited, Western Capital Advisors and Innoven Capital India. Of […]
UPDATE 10pm UK: Klarna shared her full response to the Woolard review, agreeing that “regulation has not kept pace with new products and changes in consumer behavior” and that she “fully supports[s] modernizing regulation and supervision “in the buy-now and late-payment industry. Klarna said Xbox All Access includes affordability control. ORIGINAL STORY 5 p.m. UK: […]
South Africa: Does your business need to register as a credit provider under the national credit law? 06 January 2021 Bentley Lawyers To print this article, simply register or connect to Mondaq.com. In this video, Brett Bentley explores the registration requirements for a business tobe required to register as a credit provider with regard to […]
Through Journalist Apr 6, 2020 Share this article: To shareTweeterTo shareTo shareTo shareE-mailTo share Before even considering a credit offer, whether it’s to pay off debt, buy your dream car, or buy your first home, there are a few questions you need to ask yourself and your potential credit provider. Finding answers to these questions, […]
MoneyTap, a consumer loan company, said on Tuesday it had secured Rs 500 crore in equity and debt financing, in a development it said will help the company build a loan portfolio of Rs 5,000 crore over the next 12-18 months. . The Series B stock cycle has been led by global funds such as […]
Paydy, a Japanese fintech startup that offers instant credit to Japanese consumers, today announced it has raised a total of $ 143 million in new financing. This includes an $ 83 million Series C expansion from investors, including PayPal Ventures, and $ 60 million debt financing. The funding will be used to advance Paidy’s goals […]
Small businesses, first-time buyers and nonprofits will soon be able to access low-interest fixed loans from Ogen – Social Loan Fund, which is currently emerging as the first social bank for profit. nonprofit from Israel, according to a press release Ogen released on Wednesday. Ogen, a public utility company 100% owned by its parent charity […]
There are different types of credit providers and each has their own set of lending rules. Before approaching a lender, arm yourself with the relevant knowledge to avoid getting trapped in credit agreements that don’t suit your needs. “There are different types of lenders and among these are formal and informal lenders,†says Dhashni Naidoo, […]
Los Angeles, CA – (CelebrityAccess) – Jaxsta Limited has announced that it has signed a commercial data access agreement with digital rights agency Merlin. The direct data feed provided by Jaxsta’s data partners (record label, publishers, industry associations) provides Jaxsta with access to Merlin’s data sources as opposed to crowdsourced information in an effort to […]
(Business in Cameroon) – The Banque Internationale d’Epargne et de Crédit du Cameroun (Bicec), a local branch of the French BPCE, is presented in a recent report from the Beac as the first granting of bank credit in the last 6 months of 2018. According to the document, Bicec alone controlled 36.66% of the market […]
CC BY-SA 3.0 Nick Youngson / Alpha Stock Images Did you know that if you give a loan to a friend or even a family member for any amount, you need to register under the National Credit Act? Crazy? Yes, but it is the law. And if you don’t, the loan is unenforceable. One of […]
The Club-listed home-collected loan provider Walrus has grown with the £ 8.5million acquisition of a well-established non-government online lending specialist. Shelby Finance Ltd, a subsidiary of Morses Club, has agreed to purchase the business and certain assets of Leeds-based CURO Transatlantic Ltd under the name WageDayAdvance. Founded in 2004, Wage Day Advance is an online […]
Family offices such as Parekh and Patni also participated The startup seeks to accelerate its technology and strengthen its product Currently, ePayLater has over 3,000 merchants on board Digital credit solutions provider ePayLater raised an undisclosed amount in a pre-Series A funding round led by ICICI Bank. It also saw the participation of GMO Global […]
Japan Consumer Credit Service (JACCS), a Japan-based company specializing in the provision of consumer credit services and a member of the Mitsubishi UFJ financial group, will open a branch in Cambodia in March as part of expansion plans in Southeast Asia. South East. The company, which last month received the operating license from the National […]
Bulgarian non-bank financial institution Easy Asset Management IFN, which provides short-term loans under the iCredit brand, wants to open 15 new offices in Romania this year and hire 500 additional consultants. The expansion into the Romanian market will bring the number of employees to 1,500 in 90 regional offices across the country by the end […]