Alternative finance

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/retail

Highline Technologies raises $13m

Highline Technologies, the payments fintech that unlocks payroll-linked lending and billpay, announced today that it has successfully raised $13 million in Series A funding.

/wealth

Asset manager launches metaverse fund

Invesco, a global asset manager with $1.6 trillion of assets under management, has launched an investment fund focused on the metaverse.

/startups

Startup finance platform Arc raises $20 million

San francisco-based startup finance platform Arc has raised $20 million in a funding round led by Left Lane Capital.

/payments

TreviPay unveils Small Business Supplier Network

Global B2B payments and invoicing network TreviPay today announced the launch of its Small Business Supplier Network (SBSN) across the United States, the industry’s first payments network built for banks and their small business customers.

/people

SunTec appoints chief strategy and transformation officer

SunTec Business Solutions, the world’s #1 relationship-based pricing and billing company, today announced the appointment of Pramod Perumparambil as Chief Strategy and Transformation Officer (CSTO).

/wholesale

Clara secures debt financing for up to USD $150M from Goldman Sachs

Clara, the leading Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, announced today approved financing from Goldman Sachs for an initial $50 million with the option to upsize to $150 million.

/wholesale

TymeBank to acquire SME funder Retail Capital

TymeBank, South Africa’s fastest growing digital bank, is set to bolster its business banking offering with a series of new initiatives, key of which is the proposed acquisition of Retail Capital, an award-winning fintech company that provides funding to small and medium-sized businesses in South Africa.

/wholesale

Capify unveils dedicated £40m fund to help SMEs meet finance challenges

Capify, the specialist SME lender, has this month launched a £40m fund for UK smaller businesses to help manage operations through difficult trading conditions.

/crypto

Wirex Credit lands in the UK

Wirex, a leading crypto and payments ecosystem, has expanded the Wirex Credit program to new regions and developed additional features.

/people

Brex names Doug Adamic as CRO

Brex, the company reimagining finance for growing businesses, today announced the appointment of Doug Adamic as its Chief Revenue Officer.

/retail

Auxmoney secures €500 million funding to invest in consumer loans

auxmoney, a leading digital-lending platform for consumer credit in Europe, has secured another EUR 500 million to fund the origination of new loans.

/people

LendingClub appoints Drew LaBenne CFO

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced that Drew LaBenne has been named LendingClub's next Chief Financial Officer (CFO).

/retail

Swoop opens Liverpool office

Swoop is delighted to announce the opening of their new offices in Liverpool.

/regulation

UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

/startups

Fintech valuations fall by half a trillion

Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.

/crypto

Coinbase gets crypto service provider approval in Italy

Crypto firm Coinbase has been granted approval by Italy's financial regulator to operate as a crypto assets service provider.

/people

Freedom Finance appoints Accountscore's Emma Steeley as CEO

Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce that Emma Steeley will be joining the company as CEO, starting from today.

/startups

DEUNA raises $37 million to expand e-commerce in LatAm

DEUNA, the commerce operating system that enables a 1-click checkout buying experience and an expanded sales network for e-commerce merchants, today announced it has raised a total of $37M including a $30M Series A round led by Activant Capital with participation from Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures (formerly Softbank Early Stage) as well as founders from Plaid, Kavak, Jeeves, Xepelin, iFood, R2, and others.

/people

Folk2Folk names Gary Leitch COO

Folk2Folk, the UK-wide marketplace lender for regional SMEs, has appointed experienced finance executive Gary Leitch as its new chief operating officer (COO).

/Alternative finance

Muse Finance combines supply and invoice finance

Muse Finance - the business finance startup - today announces that it has launched a new solution combining supply finance and invoice finance, to help businesses pay overseas suppliers while unlocking cash tied up in their pending invoices.