- Fourth Quarter 2019 Net Investment Income per Share of $0.43 - - Record Annual Net Investment Income per Share of $1.52 - - Seventh Consecutive Quarter of Portfolio Growth; Portfolio Growth of Over 30% in 2019 - - Record Annual Debt Portfolio Yield of 16.7% for 2019 - - Declares Special Distribution of $0.05 per Share and Regular Monthly Distributions Totaling $0.30 per Share -
Indecomm Global Services, a leading provider of mortgage automation, outsourcing solutions, and compliance services for the mortgage industry, today announced that it has been approved by DBRS Morningstar as a third-party due diligence provider for securitizations.
EQT Credit, through its Direct Lending investment strategy, is pleased to provide committed senior debt facilities to support Mayfair Equity Partners (“Mayfair”), a buyout and growth capital investor providing capital to dynamic businesses in the TMT and Consumer sectors, in its acquisition of a majority stake in atHome Group (“atHome” or the “Company”). Oakley Capital (“Oakley”) will retain a minority stake in the Company. atHome is a leading online classifieds platform in Luxembourg, with the number...
QCash Financial announces the signing of our newest client, Tropical Financial Credit Union (TFCU), headquartered in Miramar, Florida, with $700 million in assets. TFCU has retained QCash Financial to help them launch a small dollar, personal lending program for their more than 65,000 members. This product is designed to help their members deal with unexpected cash needs with a mobile-friendly and instantaneous application process. “We know when our members need a personal loan they don’t expect the process...
Credit union aims to improve internal processes and boost member efficiencies with new core platform
On February 14th, Suning Finance entered the ranks of the highest domestic credit rating for the first time. Its long-term credit rating was determined as AAA, and its rating outlook was “stable”. Currently, only 52 private enterprises nationwide have received AAA ratings. It means that Suning Finance has obtained the same credit rating as large state-owned commercial banks and national joint-stock commercial banks. Regarding the above decision, United Credit believes that Suning Finance has a strong...
OppLoans, a leading financial technology platform that serves middle income, credit-challenged consumers, released its latest insights on sub-36% APR loan availability for non-prime consumers through the first month of 2020. Through OppLoans’ proprietary TurnUp referral program – in which OppLoans checks the market voluntarily on behalf of applicants for sub-36% APR small dollar installment loans with approximately 15 near-prime lenders before presenting options through the OppLoans’ platform – the fintech firm is able to offer...
UK fintech and free credit report provider CreditKarma.co.uk has completed a radical overhaul of its web and app offering, bringing more tools and services to its members. With the aim of educating through personalised information and actionable steps – a key new market-leading feature is that the credit score is now broken up into eight main ‘credit factors’. Each of these factors can be explored and better understood, with the service offering practical guidance on improving these...
Black Knight, Inc. (NYSE:BKI) and Detroit-based Quicken Loans, today announced the companies have broadened their relationship as Quicken Loans extended its contract for Black Knight’s MSP servicing system and is adding multiple Black Knight solutions. Additionally, Black Knight purchased the source code for Quicken Loans’ “Cyclops” mortgage servicing customer relationship management (CRM) software. The Cyclops software provides a number of tools Quicken Loans uses to meet the needs of today’s mortgage consumers. This software suite will serve as the...
Nova Credit, the premier cross-border consumer credit reporting startup, today announced that it raised $50 million in equity financing. Kleiner Perkins led the investment and was joined with major participation from Canapi Ventures and existing investors Index Ventures, General Catalyst and Nyca Partners. Sound Ventures, a venture capital fund founded by Ashton Kutcher and Guy Oseary, also participated in this round, with support from baseball legend Alex Rodriguez and U2 guitarist the Edge. The new round of financing will be used...
