Agora Data Fuels United Consumer Finance with Innovative Funding

Agora Data, Inc., a leading consumer fintech company delivering cutting-edge technology, capital solutions, and robust loan performance analytics for the subprime to non-prime market, recently completed a $24 million transaction for United Consumer Finance, an indirect auto finance company that is aligning strategic resources for future growth. This innovative funding solution combines traditional refinancing structures with forward-flow arrangements, illustrating how finance companies can leverage access to capital and advanced AI-driven analytics to expand operations and increase profitability....

Mbanq Announced the Launch of Mbanq Comet

Mbanq Comet is a standalone digital loan origination platform for banks, credit unions and FinTechs. It leverages AI-driven intelligence to enable smarter, faster loan decisions. The platform integrates effortlessly with any legacy core system, requiring minimal implementation and operational effort. Mbanq, a global leader in banking technology, launches Mbanq Comet, an AI-powered digital loan origination platform that makes full use of artificial intelligence to modernize and enhance the lending process. Mbanq Comet integrates seamlessly with...

LTC Closes $46 Million in Investments

LTC Properties, Inc. (NYSE: LTC) a real estate investment trust that primarily invests in seniors housing and health care properties, announced today that it has originated $46 million in new investments since the beginning of the third quarter, 2021. The financings include four separate investments with the combined weighted average term of 3.2 years. The investments are expected to generate annual interest income of approximately $3.5 million. “Our recent investment strategy has focused on shorter-term...

China’s first blockchain-based unsecured loan granted on OneConnect financing platform

On January 2, 2020, a financing platform for SMEs in China’s Guangdong province was formally launched. The platform is supported by OneConnect (NYSE: OCFT), a leading Chinese fintech company that has just been listed on the New York Stock Exchange. The launch of the platform with blockchain as its key underlying technology marks the deep integration of digital government and fintech, signaling that difficulties in obtaining financing, including the associated high cost and slow pace of completing the process, faced...

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