Alternative finance

915 articles tagged with this keyword

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October to utilise Yolt open banking data in its credit assessment process for SME lending

Yolt, Europe’s leading independent and data driven open banking provider, announces today a collaboration with October, Europe’s leading SME lending platform.

/startups

Financing platform Debite launches to fuel UK start-up growth

Debite, the dynamic financing platform for early-stage companies, has today announced its UK launch with a mission to help businesses more effectively manage their cashflow and maximise their growth potential.

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October acquires rival lender Credit.fr

October, the leading lending platform in continental Europe, acquires its competitor Credit.fr, the second largest lending platform for French SMEs and a wholly-owned subsidiary of Tikehau Capital since 2017.

/Alternative finance

The Future of Payments 2022

1741 downloads

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Penny utilises CRIF Credit Passport for invoice financing

More UK small and medium-sized businesses (SMEs) will be able to get their invoices paid instantly, better manage their cashflow and improve their overall creditworthiness.

/startups

Revenue-based financing startup Bloom raises £300 million

Revenue-based business finance provider Bloom has secured £300 million in a funding round led by Credo Capital Partners and funds managed by Fortress Investment Group

/people

Muse Finance appoints Darren Ross as head of embedded risk

Muse Finance - the business finance startup - today announces that it has hired Darren Ross as its Head of Embedded Risk.

/retail

ZoodPay acquires Tez in the first-ever fintech M&A deal in Pakistan

ZoodPay, the leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully acquiring Karachi headquartered Tez Financial Services (Tez).

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Kennek launches 'lender-in-a box’ offering on Mambu

kennek, a connected and scalable lending infrastructure, is launching its innovative ‘lender-in-a-box’ offering on leading global cloud banking platform, Mambu.

/retail

Creditspring raises £48 million

Fintech lender, Creditspring, today announces that it has raised £48 million to supercharge its mission of improving financial stability across the UK.

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YourCom works with Enigio and Signicat to digitalise promissory notes

We are delighted to announce that yourCom, a provider of corporate lending, has embraced Enigio’s trace:original in combination with Signicat’s solution for digital identity and electronic signing to launch a fully digital lending process.

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MarketFinance scores debt facility from Deutsche Bank to expand SME lending

Digital lender MarketFinance has raised debt financing from Deutsche Bank to support £100m of new lending to UK SMEs, sole traders and partnerships.

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Alternative lender ThinCats selects Mambu for core technology platform

ThinCats, a leading alternative finance provider to mid-sized SMEs, has selected Mambu’s leading cloud banking technology platform to scale at pace and expand its SME lending offering.

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ABC Fund injects $3 million into microfinance lending in Colombia

The Agri-Business Capital Fund (‘ABC Fund’) today announces that it has completed a USD 3 million loan to Colombia-based Finamiga, which focuses on lending to small farmers and independent workers.

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Nova Credit debuts cash-flow underwriting tool

Nova Credit, the fintech unlocking opportunities for mainstream and credit excluded consumers and the companies looking to serve them, today has launched its latest product, Cash Atlas – a first-party cash flow underwriting solution that transforms bank transaction data into a Fair Credit Reporting Act (FCRA) consumer report, informing businesses’ lending decisions by painting a more holistic view of consumers’ financial health.

/retail

Point raises $115m for home equity platform

Point, a US outfit that provides homeowners access to equity financing in exchange for a fractional share of the future value of their property, has secured $115 million in a Series C round led by WestCap.

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Estateguru announces a funding campaign of up to €3M on Seedrs

Estateguru, the leading property financing and investing platform in Europe, today announces a funding round on Seedrs up to the value of up to €3M in order to support intensive growth and expansion plans.

/security

Acquis Data Services launches asset finance register

Acquis Data Services has today announced its intention to launch Acquis Lumia, a register of asset finance borrowing which will provide a clear view of a company’s current asset finance arrangements to empower confident lending decisions.

/payments

Square Loans launches in Canada

Square is bringing its lending programme for small businesses clients to Canada.

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Sonovate makes move into embedded finance

Sonovate, the fintech lender that provides finance and technology services to businesses that engage contractors and freelancers, has launched brand-new cloud-native, API-first features to support its expanding number of enterprise* customers and enhance its embedded finance offering.