Alternative finance

889 articles tagged with this keyword

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Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC

Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central bank digital currency,” led by the UK Treasury and Bank of England.

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Earnest names David Green CEO

Earnest, a leading financial technology and education finance company, today announced the appointment of David Green as chief executive officer. Susan Ehrlich, CEO since 2018, has retired from the company to focus on board service.

/Alternative finance

IDS agrees White Clarke Group acquisition

IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets.

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LendInvest partners with Credit Kudos to streamline underwriting through Open Banking

Partnership between fintechs LendInvest and Credit Kudos will offer brokers and customers a seamless, more secure service, as well as enabling LendInvest to make more informed lending decisions through Open Banking insights.

/startups

IndiaLends raises US$5.1 M from existing investors

Major digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners.

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Marketplace lenders form American Fintech Council

Today, the Marketplace Lending Association ("MLA") and Online Lending Policy Institute ("OLPI") announced they have merged organizations to form the American Fintech Council ("AFC").

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NatWest winds up standlone lending business Esme Loans

Esme Loans, NatWest's standalone digital lending platform for SMEs is being wound up as the pandemic takes its toll on the UK's small business community.

/startups

Pipe raises $50 million in equity financing

Pipe, creators of the world's first trading platform for recurring revenues, today announced it has raised $50 million in strategic equity funding, with a minority portion of the round being allocated to secondary.

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Commerzbank and creditshelf extend strategic partnership

creditshelf Aktiengesellschaft and Commerzbank AG are deepening their strategic cooperation and expanding it to include Commerzbank's Private and Small-Business Customers segment.

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Optimum Finance appoints ex-Microsoft director as new CTO

Invoice finance firm Optimum Finance has appointed ex-Microsoft Global Director, Gordon McIntosh, as Chief Technical Officer furthering their specialism in the FinTech space.

/retail

Westpac adds marketplace lender SocietyOne to banking-as-a-service platform

Marketplace lender SocietyOne is the second Australian fintech to join­­­ Westpac's new digital banking-as-a-service platform.

/payments

Iwoca integration with Xero offers Pay later option for businesses

iwoca, one of Europe’s largest small business lenders, is today announcing a UK-first integration with leading small business platform Xero.

/startups

QED Investors leads $6 million seed round in lending startup Milo

Milo, the digital banking and lending startup serving global consumers, announced a $6 million Seed financing round led by fintech specialist QED Investors with participation from MetaProp and 10X Capital.

/crypto

Davos 2021: Singapore senior minister on finding the dark horse in digital currency race

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

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WeOwn rolls out capital raising app Money Turtle across Europe

WeOwn, the European Startup which specialises in providing technology for financial services, has today launched Money Turtle across Europe.

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How banks and financial services players will monetise open banking

Joined by executives from the financial services ecosystem, Celent’s head of corporate banking Patricia Hines took to the Sibos virtual stage to lead a discussion on the potential for building on ROI with APIs.

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Liberis secures £70m in funding and venture debt

Liberis, a leading global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB).

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Billhop partners with Visa Finland and OmaSp to improve working capital for Finnish businesses

Billhop has announced a partnership with Visa Finland and Oma Säästöpankki Oyj (OmaSp) to help Finnish businesses improve their cash flow and close their liquidity gap.

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RateSetter sells property finance portfolio to Shawbrook Bank

RateSetter today announces that its £120m property development finance portfolio has been sold to Shawbrook Bank.