Loan app – 4 Bubbly http://4bubbly.com/ Thu, 23 Dec 2021 20:38:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://4bubbly.com/wp-content/uploads/2021/10/profile-120x120.png Loan app – 4 Bubbly http://4bubbly.com/ 32 32 The mPokket loan application to recruit 1,500 https://4bubbly.com/the-mpokket-loan-application-to-recruit-1500/ Thu, 23 Dec 2021 09:09:29 +0000 https://4bubbly.com/the-mpokket-loan-application-to-recruit-1500/ mPokket, an instant loan app for students and young professionals, has announced that it will hire more than 1,500 employees in 2022, across all industries. Between April and December 2021, mPokket hired over 500 people to bring its workforce to over 1,400. Over 80% of new hires would be deployed in operations, with the remainder […]]]>

mPokket, an instant loan app for students and young professionals, has announced that it will hire more than 1,500 employees in 2022, across all industries. Between April and December 2021, mPokket hired over 500 people to bring its workforce to over 1,400.

Over 80% of new hires would be deployed in operations, with the remainder spread across technology, products, data analytics, human resources, finance and marketing.

Hiring of agricultural units up 8% between January and November this year

For its flagship Tech Rangers program, mPokket is looking to hire premium tier 2 colleges – 20 out of 70 engineer hires. MPokket’s technical team includes PHP developers, Python developers, quality engineers and DevOps engineers, among others.

Sukhpreet Singh, Head of Human Resources, mPokket, said: “The new hire would put more emphasis on mPokket’s principle of being customer-oriented. “

Based in Kolkata, mPokket has offices in major cities including Bangalore and Hyderabad. Recent hires include Vikram Singh as Product Manager, who was previously Associate Director at Myntra; Maninder Singh Grewal for the newly created position of Director of Data and Analytics; and Sukhpreet Singh (formerly at Lenskart) as the new head of human resources.

“At mPokket, we foster a positive, people-centered work culture at all levels. Our new hires can expect a collaborative and stimulating work environment, ”said Gaurav Jalan, Founder and CEO of mPokket and Member of the Fintech Association for Consumer Empowerment (FACE).

mPokket recorded 1,200 crore disbursements during the 2020-21 fiscal year. The app has over 10 million downloads to date.


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MPokket loan app to hire 1,500 employees https://4bubbly.com/mpokket-loan-app-to-hire-1500-employees/ Thu, 23 Dec 2021 08:09:26 +0000 https://4bubbly.com/mpokket-loan-app-to-hire-1500-employees/ mPokket, an instant loan app offering loans to students and young professionals, plans to hire more than 1,500 employees in 2022.mPokket hired more than 500 new employees in all functions between April 2021 and December 2021, for a total workforce of more than 1,400 employees. More than 80% of new recruits would be assigned to […]]]>

mPokket, an instant loan app offering loans to students and young professionals, plans to hire more than 1,500 employees in 2022.
mPokket hired more than 500 new employees in all functions between April 2021 and December 2021, for a total workforce of more than 1,400 employees.

More than 80% of new recruits would be assigned to operations, the rest to institutional functions. It would be broadly divided into Technology, Product, Data Analytics, HR, Finance, and Marketing.

mPokket will hire premium tier 2 colleges across the country for its Tech Rangers program. This particular program would admit 20 of the 70 engineer hires in total. The mPokket technical team includes PHP developers, Python developers, quality engineers, and DevOps engineers, among others.

“Recruiting people capable of leading and moving the organization forward has always been our top priority. The new hire would put more emphasis on mPokket’s principle of being customer-centric, ”said Sukhpreet Singh, head of human resources, mPokket.

Based in Kolkata, mPokket also has offices in major cities such as Bangalore and Hyderabad. Recent hires include Vikram Singh as Product Manager, previously Associate Director at Myntra, Maninder Singh Grewal has been appointed to the newly created position of Director of Data and Analytics, and Sukhpreet Singh, as the new Director of Resources. human (formerly Lenskart).

“At mPokket, we foster a positive, people-centered work culture at all levels. Our new hires can expect a collaborative and stimulating work environment, ”added Gaurav Jalan, Founder and CEO of mPokket and member of the Fintech Association for Consumer Empowerment-FACE.

With users across 19,000 PINs nationwide, mPokket recorded Rs 1,200 crore in disbursements during fiscal year 2020-21. The app has registered over 10 million downloads to date.


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CWB uncovers massive loan application scam https://4bubbly.com/cwb-uncovers-massive-loan-application-scam/ Tue, 21 Dec 2021 20:33:56 +0000 https://4bubbly.com/cwb-uncovers-massive-loan-application-scam/ When Hemanth and his friend Chiranjeevi approached police earlier with a fraud complaint against a company that had recently hired them, they had no idea they would be part of a massive mobile loan app scam with suspected links. with Chinese nationals. The pair, both in their early 30s, had posted their resumes to recruiting […]]]>

When Hemanth and his friend Chiranjeevi approached police earlier with a fraud complaint against a company that had recently hired them, they had no idea they would be part of a massive mobile loan app scam with suspected links. with Chinese nationals.

The pair, both in their early 30s, had posted their resumes to recruiting sites earlier this year and were surprised when a human resources official offered them a deal that sounded too good to be true. They were offered “manager” positions and a guaranteed salary with little else to do. All they were required to do was submit their personal documents, including their Aadhaar and PAN cards. They didn’t even have to show up at a desk.

However, after two months without receiving a single rupee from their employer, the duo approached the police in November. Police from the Central Crime Branch (CCB), who handled the case, unearthed a network of 52 companies that allegedly robbed customers by offering high interest loans and processing fees through applications. At the head of this network was Licorise Technology Pvt. Ltd., a company in Munnekolala, Marathahalli, which reportedly employed unemployed BPO workers as loan collectors.

The company would have operated on several levels: offering short-term loans on various mobile applications such as Cash Master and Crazy Rupees; hire former BPO employees to work as salvage agents and establish Benami companies on behalf of employees.

The accused offered micro-loans of as little as 1,000 with interest rates of up to 15-20% of the total loan amount. Interest rates were also compounded on a weekly or bi-monthly basis. They also charged a high processing fee, almost half of the loan granted.

The apps, once installed by borrowers, would provide access to all of their phone contacts, gallery, and other sensitive information. The management ran a real “call center” with 50 to 80 employees whose job it was to convince people to download the applications and apply for a loan. By downloading the apps, customers gave them access to their contacts and other information.

So far, the CCB has announced that it has arrested Licorise Technology’s human resources director Kamaraj More, 25, and team leader Darshan Chavan, 21, for threatening debtors. CCB officials declined to release details of other suspects and people higher in the management of the company.

Call center executives were offered salaries based on the percentage of loan recovered from customers who had downloaded the apps. “They have been asked to get customer dues by hook or by crook using coercion, abuse and blackmail if necessary,” said a police officer.

Defaulters were humiliated in front of friends and acquaintances with messages that the victim had “cheated” on someone. Others have seen their photos transformed and shared on social media as blackmail.

Benami companies

Licorise is said to have launched several Benami companies and bank accounts using employee documents. “The defendants were dealing with clients of the UP and Bihar from the office in Munnekolala. Loan payments and other transactions were routed to several accounts owned by companies such as’ Fesolovo Pvt. Ltd., Leadbolt Pvt. Ltd., and Zeter Pvt. Ltd., which Licorise had launched using Hemanth and Chiranjeevi’s Aadhaar and PAN maps, ”a senior official said.

Even though bank accounts opened in their name showed transactions amounting to thousands of rupees, the duo were told the companies were taking losses. The CCB discovered 52 of these companies.

Chinese angle

When CCB Economic Offenses Wing raided in November, they said the companies had ties to registered non-bank financial companies (NBFCs) for disbursing loans. “These companies weren’t even offering loans. They get loans from NBFCs, cheated customers. All the windfall was transferred from the country to China, ”said a CCB official at the time.

Another official said the CCB was looking for managers suspected of being from China. “The defendants told police they were hired by a Chinese national in online interviews and received instructions by phone and text,” he said.


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ED crackdown on owners of Cashbean loan app continues, Rs 300 crore tied – The New Indian Express https://4bubbly.com/ed-crackdown-on-owners-of-cashbean-loan-app-continues-rs-300-crore-tied-the-new-indian-express/ Wed, 15 Dec 2021 16:02:00 +0000 https://4bubbly.com/ed-crackdown-on-owners-of-cashbean-loan-app-continues-rs-300-crore-tied-the-new-indian-express/ Through Express news service NEW DELHI: The Directorate of Execution (ED) seized an additional amount of Rs 51.22 crore lying in bank accounts and virtual accounts with the payment gateways of the fintech company PC Financial Services Private Limited (NBFC ). The executing agency has already tied Rs 238 crore from Gurgaon-based PC Financial Services, […]]]>

Through Express news service

NEW DELHI: The Directorate of Execution (ED) seized an additional amount of Rs 51.22 crore lying in bank accounts and virtual accounts with the payment gateways of the fintech company PC Financial Services Private Limited (NBFC ). The executing agency has already tied Rs 238 crore from Gurgaon-based PC Financial Services, which provides instant personal microloans through its “Cashbean” mobile app.

ED alleged that the PCFS is controlled by a Chinese national through a maze of shell companies. He also accused the company of money laundering and violation of the Foreign Exchange Management Act (FEMA).

According to the law enforcement agency, PCFS is a wholly owned subsidiary of Oplay Digital Services, SA de CV, Mexico, which in turn is owned by TenspotPesa Limited of Hong Kong. TenspotPesa, on the other hand, is owned by Opera Limited (Cayman Islands) and Wisdom Connection I Holding Inc (Cayman Islands), which ultimately belong to Chinese national Zhou Yahui. The original Indian company PCFS was incorporated in 1995 by Indian nationals and obtained the NBFC license in 2002 and after RBI approval in 2018, the ownership was transferred to the Chinese controlled company.

ED investigations reveal that the fintech firm offers micro-loans through its mobile app for suspicious foreign remittances.

Investigations found that the foreign parent companies of PCFS brought in Rs 173 crore from FDI for lending activities, and within a short period of time, sent out remittances worth $ 429. Rupee crores on behalf of payments for software services received from related foreign companies. .

The fintech company also posted high domestic and foreign spending. A detailed survey of foreign spending paid by the NBFC found that most of the payments were made to foreign companies, which are related and owned by the same Chinese nationals.

ED also discovered that exorbitant payments had been authorized by the bogus Indian directors of PCFS without any due diligence on the instructions of country chief Zhang Hong, who reported directly to a certain Zhou Yahui in China.

PCFS handed over currency worth Rs 429 Crore to 13 foreign companies located in Hong Kong, China, Taiwan, USA and Singapore as payment of license fees for the Cash Bean Mobile app (Rs 245 Crore per year), software technical costs (around Rs 110 Crore), online marketing and advertising costs (around Rs 66 Crore).

According to the Enforcement Branch, all of these services and applications are available in India for a fraction of the cost incurred by PCFS.

The agency further states that although all of NBFC’s customer base is in India, huge payments have been made overseas without any proof of receipt of the service. Simultaneously, during the same period, the PCFS also recorded domestic expenditure of a similar amount (of Rs 941 crore) under the same expenditure headings.

PCFS management did not provide any justification for these expenses and admitted that all remittances were made to move money out of India and park it overseas in corporate accounts in the group controlled by the Chinese promoter.


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Personal loan application ranking See the perfect score https://4bubbly.com/personal-loan-application-ranking-see-the-perfect-score/ Tue, 07 Dec 2021 00:31:25 +0000 https://4bubbly.com/personal-loan-application-ranking-see-the-perfect-score/ Whatever your loan plans, you want to make sure that the right lender is the one for you and that their application is the one that can do the job. The PYMNTS Ranking of personal loan application providers is here to help. In this monthly ranking, apps get their scores based on channel coverage, up-to-date […]]]>

Whatever your loan plans, you want to make sure that the right lender is the one for you and that their application is the one that can do the job.

The PYMNTS Ranking of personal loan application providers is here to help. In this monthly ranking, apps get their scores based on channel coverage, up-to-date downloads, monthly average users, and sessions per user plus average session length.

This time we have a leader who got a perfect score, a bit of shuffling of positions and a new member who widens the group to eight.

The first five

Still in the first place, which he achieved last month, is SoFi. In this month’s competition, he got a score of 100.

Just behind and ranked # 2 as last time, is Silver Lion.

Our next two contenders have traded positions since the last time. Now stay in the third row Before, having risen from fourth place.

Stepping down one step from last time and now sitting at # 4 east To improve.

To round out the top five, as it did last month, it’s Loan tree.

The Top 10

There is also a familiar face in place # 6, with PaySense hold firmly to its position.

In this particular ranking, there are only eight positions, so let’s meet the rest of the group.

Then we have a competitor who is not only new to location # 7, but new to the list: Loan Club. Please join us in welcoming this peer-to-peer lending company and its application in the rankings.

Completing this elite group while descending to 8th place is SalaryFlex.

So there are only eight positions, but still some exciting events in this edition of the monthly ranking of personal loan application providers. Tune in next time to see what’s going on in this competition among lenders.

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NEW PYMNTS DATA: WHAT BRITISH CONSUMERS EXPECT FROM THEIR GROCERY EXPERIENCES

On: Forty-four percent of UK grocery shoppers spend more in grocery stores when they have access to loyalty programs, and an equal share say the presence of loyalty programs alone dictates where they shop. What UK consumers expect from their grocery shopping experiences surveyed 2,501 UK consumers to examine how retailers can make the most of loyalty programs to increase spending and gain new customers.


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In Bengaluru, an illegal Chinese loan app that charged exorbitant interest and shared personal information – The New Indian Express https://4bubbly.com/in-bengaluru-an-illegal-chinese-loan-app-that-charged-exorbitant-interest-and-shared-personal-information-the-new-indian-express/ Fri, 26 Nov 2021 13:45:00 +0000 https://4bubbly.com/in-bengaluru-an-illegal-chinese-loan-app-that-charged-exorbitant-interest-and-shared-personal-information-the-new-indian-express/ Through Express news service BENGALURU: Central Crime Branch (CCB) police raided a financial firm allegedly run by Chinese nationals who provided loans to the public and then harassed them by charging outrageous processing fees and interest rates. The defendants are said to have insulted the borrowers by sharing the details of their loan with their […]]]>

Through Express news service

BENGALURU: Central Crime Branch (CCB) police raided a financial firm allegedly run by Chinese nationals who provided loans to the public and then harassed them by charging outrageous processing fees and interest rates. The defendants are said to have insulted the borrowers by sharing the details of their loan with their friends.

Two people working in the company were arrested and they are identified as Kamaraj More (25), a human resources manager, and Darshan Chowhan (21), who worked as a team leader.

Police said they received credible information that bank accounts were opened using the credentials of those who worked at Licorice Technology Pvt Ltd located at Silver Spring Layout in Munekolala near Marathahalli.

“The office was raided on Wednesday and investigations revealed that Chinese nationals ran the company, which had developed mobile money-lending apps such as Cash Master and Krazy Rupees. The company had struck a deal with non-financial companies. banks and lending people money through apps. They charged exorbitant processing fees and once the loan was disbursed, staff started making phone and internet calls to borrowers, urging them to pay interest on a loan. weekly basis. The interest was also exorbitant. If the borrower did not pay the interest, the details of his loan were shared with his friends and insulted them, “police said.

The investigation found that Chinese nationals collected documents such as Aadhaar and PAN cards from staff and registered 5-6 companies in their name. “A total of 52 companies have been registered and bank accounts have been opened in private banks. Interest paid by borrowers has been credited to these account numbers. According to the preliminary investigation, millions of rupees were sent to China through online transfers from these accounts, “the police added.

To attract investments in bogus companies, the defendants allegedly targeted North Indians and lured them with higher returns. “Even these investments have been transferred to their bank accounts. As the two are arrested and 83 computers are seized, efforts are made to catch a fugitive Chinese national,” police added.

A case is registered at the Marathahalli Police Station in this regard under Karnataka Money Lender Law, Information Technology Law, Prohibition of Charging Exorbitant Interest Law of Karnataka, the Law on the Prohibition of Unregulated Depository Systems and the IPC.


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What happens when you borrow money from an online loan app and you can’t pay it back https://4bubbly.com/what-happens-when-you-borrow-money-from-an-online-loan-app-and-you-cant-pay-it-back/ Thu, 25 Nov 2021 06:40:50 +0000 https://4bubbly.com/what-happens-when-you-borrow-money-from-an-online-loan-app-and-you-cant-pay-it-back/ Would you accept the terms they offer, such as your card details, means of identification and BVN? Once you do this, the money will be transferred to you in a matter of minutes. It sounds easy, but there are pitfalls if you are unable to repay the loan and the interest. This was the case […]]]>

Would you accept the terms they offer, such as your card details, means of identification and BVN?

Once you do this, the money will be transferred to you in a matter of minutes. It sounds easy, but there are pitfalls if you are unable to repay the loan and the interest.

This was the case with a person who took out a loan from one of the online loan sharks just to be embarrassed about not repaying the loan.

I spoke with a close friend of someone who took out a loan online and here is what he had to say:

“A friend of mine took out a loan on these online lending platforms. Their interest rates are generally 10 to 30%.

“Borrowers and lending platforms are always in battle when they default. The default fee is also high for the penalty. They call people’s phone contacts (because the app requires borrowers to give it access to their contacts).

“Once you are unable to pay when the repayment period is over, they hire loan collectors to charge you what you owe.

“They also report defaults to the credit bureau, provide their data so that they have little chance of taking out loans from a financial institution in Nigeria.

“With the use of BVN now, delinquent debtors can be blacklisted. They also ask you to link a bank card to them or provide your bank details, so that they have the right to continue to clear funds from your card whenever it is funded. “

“I mean loan collectors take care of it legally and keep calling them and their family / friends to make sure they’re paying.

The whole concept of borrowing money is being able to pay it back. If you can’t afford to repay, you better stay away from these online lending platforms.


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Fake lawyer gets 18 months for mail fraud, lying about loan application https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-lying-about-loan-application/ Fri, 19 Nov 2021 01:25:26 +0000 https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-lying-about-loan-application/ SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said. Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty […]]]>

SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said.

Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty to making false statements on a loan application and committing mail fraud to steal a California attorney’s license, reported Thursday the Sacramento Bee.

Devlin’s attorney, Mark Goldrosen, told McClatchy News the sentence was fair given his client’s circumstances and character.


In her plea deal, Devlin detailed the crimes she committed from March 2012 to May last year, the US Department of Justice said in a press release.

The press release says she has submitted change of address requests to the U.S. Postal Service for mail to be forwarded to her, including a state attorney license. She said she represented several people in court.

Federal prosecutors said she also started a small business in order to get money from the federal government’s paycheck protection program last year.

Devlin must also pay close to $ 600,000 in restitution.


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Fake Lawyer Gets 18 Months for Mail Fraud, Lying on Loan Application | State News https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-lying-on-loan-application-state-news/ Fri, 19 Nov 2021 01:16:23 +0000 https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-lying-on-loan-application-state-news/ SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said. Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty […]]]>

SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said.

Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty to making false statements on a loan application and committing mail fraud to steal a California attorney’s license, on Sacramento Bee Reported Thusday.

Devlin’s attorney, Mark Goldrosen, told McClatchy News the sentence was fair given his client’s circumstances and character.

In her plea deal, Devlin detailed the crimes she committed from March 2012 to May last year, the US Department of Justice said in a press release.

The press release says she has submitted address change requests to the U.S. Postal Service for mail to be forwarded to her, including a state attorney license. She said she represented several people in court.

Federal prosecutors said she also started a small business in order to get money from the federal government’s paycheck protection program last year.

Devlin must also pay close to $ 600,000 in restitution.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Fake Lawyer Gets 18 Months for Mail Fraud and Lying on Loan Application | California News https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-and-lying-on-loan-application-california-news/ Fri, 19 Nov 2021 01:16:00 +0000 https://4bubbly.com/fake-lawyer-gets-18-months-for-mail-fraud-and-lying-on-loan-application-california-news/ SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said. Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty […]]]>

SACRAMENTO, Calif. (AP) – A San Francisco woman who posed as a lawyer and lied to get more than $ 350,000 in pandemic relief money has been sentenced to 18 months in prison in exchange for his guilty plea, federal prosecutors said.

Miranda Devlin, 37, was sentenced in federal court on Wednesday after pleading guilty to making false statements on a loan application and committing mail fraud to steal a California attorney’s license, reported Thursday the Sacramento Bee.

Devlin’s attorney, Mark Goldrosen, told McClatchy News the sentence was fair given his client’s circumstances and character.

In her plea deal, Devlin detailed the crimes she committed from March 2012 to May last year, the US Department of Justice said in a press release.

The press release says she has submitted address change requests to the U.S. Postal Service for mail to be forwarded to her, including a state attorney license. She said she represented several people in court.

Political cartoons

Federal prosecutors said she also started a small business in order to get money from the federal government’s paycheck protection program last year.

Devlin must also pay close to $ 600,000 in restitution.

Copyright 2021 Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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