Breaking News
Assetz Capital Lowers Commercial Mortgage Interest Rate
Assetz Capital has lowered its entry interest rate for commercial mortgages from 7.9% to 6.9% in an unprecedented move to give access to even lower rates for lower-risk borrowers looking for commercial mortgages. This is one of the lowest rates available from any alternative finance providers.
Assetz Capital has identified that there are many credit-worthy small and mid-sized businesses throughout the UK that are looking for faster acceptance times to resolve their borrowing requirement and greater flexibility around the loan structure and repayment profile. These borrowers are sometimes unable to meet every item of a traditional bank’s stringent checklist for a commercial loan or can ill afford their lengthy acceptance and processing times.
Assetz Capital’s commercial mortgages have been specifically designed to keep small business borrowers in mind and to meet the borrowing criteria of time-poor businesses that are looking for greater flexibility from lenders. Some business requiring a commercial loan may prefer interest-only periods while others could prioritise seasonal repayments. In principle, through Assetz Capital, decisions on whether or not a loan will be offered can be made in just one day.
Stuart Law, CEO of Assetz Capital said, “With a market-leading nationwide network of professional Relationship Directors across the UK, we’re in a great position to meet borrowers and their brokers face to face to identify the best options available and to potentially offer a decision in principle in just one day. We continue to delight brokers and their borrowers with our highly experienced but pragmatic approach to lending and this new lower interest rate is another milestone for the peer-to-peer industry and for Assetz Capital.”
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OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
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APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
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ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.