In the Region
Dollar Financial buys Internet lender
Dollar Financial Corp., of Berwyn, said it has paid $46 million for an Internet lender in Finland. The purchase of Risicum, based in Helsinki, is expected to immediately add to earnings for Dollar Financial, which focuses on what it calls the "ALICE" demographic ("asset-limited, income-constrained, employed"). - Harold Brubaker
Safeguard takes stake in lender
The holding company Safeguard Scientifics Inc., of Wayne, said it acquired a 36 percent stake in the Wayne-based investment finance group Penn Mezzanine, and will invest up to $30 million through the group in coming years. One-year-old Penn Mezzanine will provide capital and operational support services to growth-stage businesses, and so-called mezzanine financing to "lower middle-market mid-Atlantic enterprises," Safeguard said in a statement. - Reid Kanaley