Alternative finance

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/Alternative finance

TP24 raises £345m in debt funding from Barclays and M&G Investments

TP24, a fintech provider of flexible revolving business credit, has raised £345m in debt funding from UK parties Barclays Bank Plc (“Barclays”) and M&G Investments.

/Alternative finance

Earnest and Nova Credit to launch international private student loans

Earnest, a fintech company dedicated to making higher education accessible and affordable for everyone, and Nova Credit, a modern credit bureau bridging consumer credit data around the world, today announced their partnership and the launch of International Private Student Loans.

/payments

Aryza and Acquired.com form partnership

The financial software solutions provider, Aryza Group has announced their partnership with payments specialists Acquired.com to deliver a sophisticated range of data driven collection and disbursement options for their lending division with plans to extend this into other parts of the group including debt recovery and insolvency.

/startups

ScotPac selects Dancerace for backoffice overhaul

ScotPac – the largest non-bank business lender in Australia and New Zealand – has partnered with Dancerace to deliver the next step in its ambitious technology transformation program.

/wholesale

Wayflyer renews existing $300mn debt line from JPMorgan

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has today announced a renewed funding line from global financial services leader J.P. Morgan.

/payments

Mastercard selects Start Path Small Business cohort

Five startups join inaugural Mastercard Start Path Small Business cohort to uncover joint innovation opportunities and scale solutions that drive simple, secure digital experiences for SMEs globally.

/wholesale

Universal Partners to offer clients digital invoice and trade finance via Muse Finance

Universal Partners, a leading FCA-regulated, cross-border payment and foreign exchange specialist for businesses, today announced a strategic partnership with embedded finance fintech Muse Finance to offer clients digital invoice and trade finance.

/wholesale

Jifiti launches embedded lending platform with FIS

Jifiti, a multinational embedded lending technology company, today announced that they have signed an agreement to launch an embedded lending solution with FIS (NYSE: FIS), a global leader in financial services technology.

/wholesale

Teya teams with Liberis for merchant financing

Teya, the customer-centric operating system and financial service provider for merchants in Europe, has today announced its partnership with Liberis, the UK’s leading embedded finance platform.

/wholesale

SME Finance enters Dutch market

SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, announces today its expansion into the Netherlands.

/inclusion

Securities Commission Malaysis seeks to boost agri sector via fintech

The Securities Commission Malaysia (SC) is encouraging wider adoption of financial technology (fintech) in agriculture in order to help in achieving the country’s food security agenda.

/wholesale

LATAM fintech Clara raises $60m

Clara, the leading end-to-end spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round led by GGV Capital. In addition, GGV Managing Partner Hans Tung will join the company’s Board of Directors.

/retail

New lenders meet growing demand for consumer loans in 2022

Research from Freedom Finance, one of the UK’s leading digital borrowing marketplaces, reveals the leading challengers and neobanks added over £1.5bn of capacity to the UK’s unsecured personal loan market in 2022.

/wholesale

Malta-based startup Andaria arrives in the UK

High growth sectors of the British economy have to navigate a minefield when it comes to opening a simple business current account.

/payments

Liberis taps DNA Payments data to offer pre-approved funding to merchant customers

In a continued expansion within the SME market, leading embedded finance provider, Liberis, has today announced that they will be working with DNA Payments.

/wholesale

Singapore-headquartered finbots.ai secures first client in Australia

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech today announced signing Argenic - a growth stage Australian FinTech providing a suite of financial solutions for SMEs - as their latest client.

/wholesale

Factris lands €50 million funding line from Aegon Asset Management

Having just reached the milestone of financing €1 billion in invoices in Q1 of 2023, the Amsterdam-based fintech Factris has received further momentum thanks to a €50 million funding line from global investment business Aegon Asset Management (Aegon AM) in April 2023.

/wholesale

Moni unveils new community-powered business loans for African SMEs

Moni, a digital platform that leverages social trust and group responsibility to deliver financial services in Africa, has launched a new range of business loans that enables market traders, spare part dealers, textile traders and other small business owners in Africa to take advantage of the power of their communities to access the working capital they need to run and scale their businesses.

/startups

Climate Tech lender HeavyFinance closes €3 million seed funding round

HeavyFinance, a climate tech investment marketplace for the agricultural industry, has successfully raised €3 million during its seed funding round, led by VC firm Practica Capital.

/retail

ConTe.it Prestiti gets instant income verification with Tink

ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.it Prestiti’s network an improved and instant lending application process.