Alternative finance

595 articles tagged with this keyword

/Alternative finance

Mambu strikes deal with NZ SME lender Ranqx

Leading cloud banking platform, Mambu, has announced a global partnership with New Zealand-based Ranqx, a fully featured SME loan origination and credit underwriting platform.

/Alternative finance

Crowdcube and Seedrs to merge

Today, we have announced with Seedrs that we have agreed to a merge, in a move that will accelerate our shared plan to create the world’s largest private equity marketplace and further democratise investment.

/wholesale

Non-bank lenders set to challenge primacy of incumbent institutions in post-Covid economy

The primary role of a traditional bank providing financing and capital is set to be challenged further in a post COVID-19 world by non-banks, according PwC’s report, “Securing your tomorrow, today – The future of financial services,” which predicts that alternative providers of capital are set to become an even more important part of the global financial system.

/cloud

White Oak chooses Provenir Cloud to underpin business lending

Provenir supports independent business lender White Oak with cloud-based risk analytics platform to power its business lending credit decisioning process.

/Alternative finance

Funding Societies and Razer Fintech partner to provide short-term financing to SMEs

Funding Societies, the largest digital financing platform in Southeast Asia, and Razer Fintech, the fintech arm of Razer and a leading offline-to-online (O2O) digital payment network, have jointly announced their partnership to offer short-term business financing to merchants under Razer Merchant Services (RMS).

/crypto

Crypto exchange Gemini launches in UK

Gemini today announced it is expanding fully into the United Kingdom (UK), providing individuals and institutions with simple, reliable, and secure cryptocurrency exchange and custody services in pounds sterling (GBP).

/retail

MarketFinance scores £10m from BCR

Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking Competition Remedies Ltd (BCR). The grant will be used to bring more choice and competition to the business lending industry

/covid-19

ClearBank and Tide granted £25m to aid SMEs recovery

ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform[1], have been awarded £25m to help UK SMEs turn recovery from the coronavirus crisis into a growth opportunity.

/retail

Digital credit platform in fundraising effort

Collaborative financing platform mozzeno raised € 3,000,000 from its existing and new shareholders.

/inclusion

TotallyMoney launches app for better borrowing behaviour

Scale-up FinTech TotallyMoney has launched a new and exclusive app-only feature to help their three million customers gain a greater understanding of their borrowing behaviour and make better financial decisions.

/payments

Factris and NN Investment Partners agree on European financing agreement

Fintech company Factris has closed a new EUR 50m secured financing agreement with asset manager NN Investment Partners (NN IP).

/Alternative finance

BlueVine secures $75 million revolving credit facility with Atalaya Capital Management

BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York.

/payments

MarketFinance banks £50m as it ramps CBILS support for SMEs as deadline looms

Fintech business lender MarketFinance has secured an additional £50m from one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the HM Treasury and British Business Bank CBILS initiative.

/retail

Iwoca taps UK's Future Fund scheme

iwoca, one of Europe’s largest small business lenders, has secured funding via the government Future Fund scheme.

/wholesale

Envoy Group appoints new advisors

Envoy Group has appointed three new advisors to its team as it approaches the pilot phase of its trade finance platform and the launch of the NVOY token. Each advisor comes from the world of commercial banking or a Fortune 100 company, bringing valuable experience and energy with them.

/Alternative finance

Invoice trading platform Incomlend raises $20 million

Incomlend, a global online invoice trading platform that aims to democratize access to trade finance, has raised a US $20 million Series A round led by Sequoia India.

/wealth

Indian fintech Niyo acquires Goalwise

In a bid to expand its product offering to the millennials, Niyo, India's leading digital banking fintech start-up, has acquired Goalwise, a new-age mutual funds investment platform.

/Alternative finance

Deutsche Bank invests in Traxpay

Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.

/wholesale

Folk2Folk joins with CrossLend to tap institutional investors

FOLK2FOLK, the local lending company, announces its partnership with the institutional digital debt marketplace CrossLend as it continues to build its institutional investor-base.

/payments

Unifiedpost strengthens balance sheet with €47 million capital raise

Unifiedpost Group — one of Europe's leading Fintech companies — has significantly strengthened its equity base by approximately 47 million euro via a share capital increase to predominantly existing shareholders and conversion of a majority of its outstanding convertible bonds in order to further achieve its international growth ambitions.