Alternative finance

285 articles tagged with this keyword

/startups

Lloyds Bank invests £5 million in working capital platform Satago

Lloyds Bank has invested £5 million for a 20% stake in invoice financing startup Satago and will roll out the platform for its Single Invoice Finance and whole of book Invoice Factoring customers.

/startups

Capchase targets Europe with new London office

Capchase, a US startup that helps company founders access non-dilutive capital, has opened a new European headquarters in London after a surge in demand from UK startups.

/retail

Brazil's Creditas raises $260m

Brazilian secured lending platform Creditas has hit a US$4.8 billion valuation off the back of a US$260 million Series F funding round.

/startups

Tokenised fund for footballers' image rights launches

A Spanish startup has launched what it claims is the world’s first tokenised investment fund focused footballer’s image rights.

/retail

Republic to buy Seedrs for $100m

In the wake of its blocked merger with Crowdcube, UK crowdfunding platform Seedrs has agreed a deal to be acquired by American outfit Republic for around $100 million.

/wholesale

Fin VC and Barclays invest in invoice insurance platform Nimbla

Invoice insurance startup Nimbla has attracted £5.1 million in funding from Silicon Valley's FIN VC with participation from Barclays Bank.

/Sibos

Sibos 2021: Collaboration and discipline is required for digital asset and CBDC success

Day three of Sibos started with a future facing perspective in the form of two morning sessions covering developing and upcoming digital technologies, including as CBDCs, DeFi, and NFTs, reiterating that these areas of innovation remain hot topics of interest.

/crypto

El Salvador becomes first country to accept Bitcoin as legal tender

The central American nation today sets a world-first as it adopts the cryptocurrency for use across all goods and services – even taxes.

/wholesale

Funding Circle launches BNPL product for business loans

Small business lender Funding Circle has launched its first payment facility, FlexiPay, empowering customers with the ability to buy now pay later on any expense.

/wholesale

Iwoca and FundingXchange to offer cash advances to SMEs through Open Banking

Iwoca has launched an Open Banking-based cash advance product for e-commerce businesses with a business bank account on the FundingXchange marketplace.

/sustainable

Scottish National Investment Bank commits £50m to woodland management

The bank’s investment will support widescale creation and management of forests in Scotland, as well as boost biodiversity in the area, improve air quality, reduce soil erosion, and capture an estimated 1.2 million tonnes of CO2 over two decades.

/wholesale

LendInvest secures £150m partnership with Barclays and HSBC

LendInvest, an asset management platform for property finance, has agreed a £150 million partnership with Barclays and HSBC to get funding to UK property entrepreneurs.

/startups

Upgrade hits $3.3bn valuation

Upgrade, the lending platform launched by former LendingClub Chief Renaud Laplanche, has closed a $105 million Series E round at a $3.325 billion pre-money valuation.

/startups

Capchase raises $280m; launches BNPL platform for large business expenses

Capchase, a US startup that helps company founders access non-dilutive capital, has raised $280 million in debt and equity financing to support the launch of a BNPL product that lets users split large expenses over time.

/startups

CCAF, World Bank, World Economic Forum launch second Covid-19 fintech impact study

Building on findings and insights from its landmark 2020 survey, the Cambridge Centre for Alternative Finance (CCAF) is once again partnering with the World Bank Group and the World Economic Forum to investigate the impact Covid-19 has borne on fintech firms.

/crypto

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.

/crypto

Circle plans $4.5bn listing

Global fintech firm Circle has announced plans to go public via a special purpose acquisition company (SPAC) deal that values the company at $4.5bn.

/sustainable

Funding Options launches green finance marketplace

Funding Options has launched a green finance marketplace to help UK SMEs source funding to achieve their sustainability goals.

/regulation

Klarna faces data privacy investigation in Sweden

Sweden's financial watchdog is investigating whether buy-now-pay-later (BNPL) fintech Klarna violated bank secrecy laws following a security breach in May.

/retail

Klarna partners Liberis to offer merchants revenue-based financing

Klarna has picked embedded business finance platform Liberis to help it offer its e-commerce clients revenue-based financing.