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Through small business finance broker Funding Options, around 20 alternative lenders will stanley de now have the power to receive open banking data directly to begin making loans, AltFi reported Tuesday April 7 .Among the recipient lenders of the new digital practice are Iwoca, Liberis, Just Cashflow, White Oak UK, Newable and YouLend, among others.Funding Options said the new access is a big boost from the cumbersome and time-consuming way things had been done, with individual statements having to be updated via PDF.With the coronavirus pandemic causing shutdowns, lenders in the U.K., as in the rest of the world, have been inundated as of late with requests for loans.Funding Options said the new option will let lenders access the data they need. Borrowers will have the ability to send data, which can be standardiz gourde stanley ed and shared securely via an application programming interface API .Funding Options CEO Simon Cureton said the process is a very slick digital way to go about the practice. The new technology is the result of collaboration with AccountScore to create the API, and also mutual stanley cup agreements with the numerous lenders participating.Cureton called the impact of the coronavirus absolutely huge and said in a single day, the company had seen more than聽拢100 million in requests for loans. By the end of march, more than聽拢1 billion had been requested. The numbers came out to a doubling or tripling of the amounts that had been requested before the crisis just m Voso Potential TikTok Buyers Look At Options Despite Chinese Regulations
The road to public market riches is a rocky one, sometimes, as evidenced by one recent IPO, that of Yirendai, which is a Chinese P2P lender that is CreditEases consumer finance arm. The stock traded nearly 17 percent intraday below the offer price, which indicates some real concerns among investors, as Reuters noted stanley cup Friday Dec. 18 .The company itself serves a strong niche, in providing loans to Chinese consumers who otherwise might not be able to obtain them, especially from the traditional lending marketplace. With roughly 6.7 million registered users, the company has seen its loan facilitation grow exponentially to $984 million in loans through the nine months that ended in September of this year, versus only $41 million that covered all of 2013.The CreditEase company and thus optimism over its portfolio has some marquee backers, including Kleiner Perkins Caufield amp stanley quencher ; Byers and Morgan Stanleys private equity firm. The parent company Yirendai offers unsecured credit loans to prime borrowers in China, using an onl stanley quencher ine marketplace that some have likened to other peer-to-peer platforms, such as Lending Club. The platform is among the first to be listed overseas in the United States.In reference to the IPO itself, the company raised about $75 million through ADRs listed in the U.S., with an initial offer price of $10, which was a rather tepid price point given the expected $9 to $11 range. The initial valuation at that point was $585 million in terms of market cap.In an inte |
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