iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source
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German-based savings marketplace Raisin has received over EUR4 billion (USD $4.7 bn) in investments on its platform in less than four years; founded in 2013 it was the first investment marketplace of its kind in Europe and now has two times the total investment assets of its closest competitor; partnering with 34 banks across 17 European countries it helps customers find the highest retail deposit market rates. Source
Zane Wang shares the contrast of consumer finance in the US and China from 2000 to 2017; in 2000 China had no credit bureau, no decisioning engines but there was a vast market opportunity; this is the opportunity that China Rapid Finance has capitalized on; in recent years there have been many developments in China with more people covered by the credit bureaus and in consumer finance/credit cards; Wang shares the tremendous growth potential that still exists in the Chinese market and their focus on the emerging middle-class mobile active. Source