Latest Alternative finance News: Finextra Research

SME finance provider Liberis goes for global growth with $42 million funding round

UK-based alternative finance provider Liberis has raised $42 million in equity financing and appointed PayPal's former head of credit operations Howard Kramen as its US general manager.

22 January 2020

Company update/startups

Mumbai-based GetVantage unveils revenue-based business financing platform

GetVantage, a new Mumbai-based fintech venture officially launches today as the first in India to offer Revenue-Based Financing for India’s burgeoning eCommerce sector.

21 January 2020

News/Alternative finance

Australian lender Wisr raises $35 million

ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares.

16 January 2020

News/payments

PayU to create digital lending platform in India with PaySense acquisition

PayU is to acquire a controlling interest in Indian digital credit platform PaySense for $185 million.

10 January 2020

Company update/markets

Seedrs reports record-breaking year

Leading private company investment platform Seedrs today announces a record-breaking year with £283M invested into pitches, resulting in a 49% growth in investment from 2018.

06 January 2020

News/Alternative finance

Academic research highlights dangers of P2P crowdfunding

Professor Gianfranco Gianfrate of Edhec Business School presents research findings that casts doubt on the sustainability of crowdlending, highlighting the risk of underestimating the potential inefficiency of this alternative mode of finance.

20 December 2019

News/Alternative finance

EU Commission gets provisional nod for new crowdfunding standards

The European Parliament has given provisional approval to plans to introduce new standards for crowdfunding platforms across the continent.

19 December 2019

News/startups

Monzo and Bud vets launch platform for renters

A group of former Monzo, Bud and Apple staffers are tapping into the UK's Open Banking initiative to launch a platform for renters.

04 December 2019

News/Alternative finance

BlueVine raises $102.5 million

Citi Ventures. MUFG Ventures and Nationwide have joined in a $102.5 million equity financing round for small business banking vendor BlueVine.

19 November 2019

Company update/Alternative finance

Funding Xchange closes £8 million funding

Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners like MoneySuperMarket, Monzo and Experian to offer their customers instant access to personalised transparent quotes for business funding, today announced the closing of an £8 million funding round, led by Downing Ventures and Gresham House Ventures.

18 November 2019

Company update/Alternative finance

Banco Sabadell partners Nemuru to help customers in renovations sector access financing

Banco Sabadell, through Sabadell Consumer Finance, has reached an agreement with the fintech company Nemuru to make it easier for professionals in the renovations sector to offer their customers instant loans at the point of sale through a 100% online platform.

13 November 2019

Company update/Alternative finance

Hampshire Trust Bank invests in Alfa Systems

Hampshire Trust Bank’s (HTB) specialist business finance division today announces that it has invested in Alfa Systems, the leading asset finance software provided by Alfa.

13 November 2019

Company update/Alternative finance

Funding Options signs up with DueDil

Funding Options, the marketplace for business finance, has partnered with predictive company intelligence platform, DueDil, to simplify its customer journey and speed up finance applications.

12 November 2019

Company update/startups

Germany's Acatus raises EUR5.5m

Berlin-based FinTech Acatus announces the successful completion of a Series A financing round. The round is led by DIP Capital LLP and the venture capital fund coparion. The existing shareholders and business angels also participated in the round.

12 November 2019

News/retail

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.

12 November 2019

Company update/Alternative finance

AltPay extends reach through Onpex

ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with UK-based regulated eMoney institution (EMI), AltPay.

11 November 2019

News/startups

ID Finance raises £4.4m on Crowdcube

ID Finance, a digital lending platform that uses smart credit scoring technology to target the underbanked in Spain and Latin America, has raised a record £4.4 million on Crowdcube.

05 November 2019

News/Alternative finance

Marketplace lender Become raises $12.5 million

Israel fintech Become has raised $12.5 million in Series A funding to help propel its mission to become the 'Expedia for business loans'.

01 November 2019

Company update/startups

Seedrs to offer trending news on crowdfunding firms with CityFalcon

Today, leading private equity investment platform Seedrs announces a new partnership with CityFALCON, a provider of professional-grade market intelligence, in tandem with launching new sector pages as it continues revolutionising how investors access and engage with the early-stage asset class.

31 October 2019

Company update/Alternative finance

Business lending platform Trade Ledger raises £1.5 million

Trade Ledger, the ground-breaking business lending platform, which automates commercial lending processes for global banks and alternative finance providers, today announces strategic investment in a £1.5M round led by Hambro Perks, to further accelerate revenue growth.

30 October 2019