FinTech news in loans category

Fintech startup and alternative credit asset manager Viola Credit, has closed its latest $700 million fund which provides asset-based lending capital to FinTech, PropTech, and InsurTech startups.

As long as the shares have been fully paid for by the customer, Robinhood says it will match customers with interested borrowers to take the loans and that customers will get paid once their shares are successfully placed.

The startup, founded by a former Palantir engineer and a Freddie Mac exec, is taking a data-integration focused approach inspired by the data giant and applying it to the real estate capital markets, its co-founder and CEO Charles McKinney

The approach is a relatively new one in the U.K., although Fenwick believes that this will likely (and rapidly) evolve not just because HELOC businesses like Selina’s are being given the green light, but because of the ubiquity of home ownership; and the fact that more people, as they move around less due to the pandemic, have turned their attention to spending bigger amounts on things like home renovations or less-frequent but much bigger vacations.