Latest Alternative finance News: Finextra Research

Money 20/20: Banks can be creepy, as long as they personalise services

John Thomas, head of enterprise, innovation & strategic business architecture at TD Bank showcases his expertise on how to leverage data to synthesise the customer experience while at the same time, remaining hyper-relevant in the banking sector at Money 20/20 USA in Las Vegas.

29 October 2019

News/inclusion

Koyo raises £3.8m for Open Banking loan platform

UK open banking-powered online lender, Koyo, is set to launch later in the year following a £3.8m ($4.9m) raise in debt and equity funding.

29 October 2019

News/Alternative finance

Greensill lands $655 million investment; acquires UK fintech FreeUp

Greensill, a UK-based supplier of alternative supply chain finance, has secured a $655 million follow-on investment from SoftBank Vision Fund.

28 October 2019

Company update/Alternative finance

MarketInvoice creates new business to support larger corporates

Business finance company MarketInvoice, has launched a new specialist team to provide finance facilities for Britain’s larger businesses.

28 October 2019

Company update/payments

Kabbage moves into payments processing

Kabbage, Inc., a data and technology company providing small businesses cash flow solutions, announced the general availability of Kabbage Payments to its customers, a new payment-processing solution for small businesses that makes getting paid faster as simple as sending a text message.

24 October 2019

News/retail

UK P2P lender FundingSecure goes into administration

UK peer-to-peer lending platform FundingSecure has been placed into administration, according to the Financial Conduct Authority.

23 October 2019

News/retail

Metro Bank boosts SME offering with new fintech partnerships

UK challenger Metro Bank is beefing up its offering for business customers through a trio of fintech partnerships.

10 October 2019

News/payments

81% of banks would collaborate with fintech partners to execute digital transformation - Finextra

At EBAday 2019, hosted by Finextra in association with the EBA, it was revealed that 81% of banking executives would collaborate with partners to execute digital transformation most effectively.

01 October 2019

Company update/regulation

Revolut selects Bearingpoint Regtech to manage regulatory requirements

BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech), welcomes the UK-based financial technology company Revolut as a new customer for its Abacus360 Banking solution. Revolut will be using Abacus360 Banking for EBA and AnaCredit reporting.

26 September 2019

News/Alternative finance

Tide rolls out credit product

UK business banking platform Tide has launched a subsidiary company, dubbed Tide Capital, that will offer instant transactional credit lines to pre-approved applicants.

26 September 2019

Company update/startups

Fintech Sempli secures 8mn USD in series A raise

Sempli, the leading online lending platform for small businesses in Colombia, has secured a USD 8 million Series A round led by Oikocredit and Incofin CVSO.

24 September 2019

News/Alternative finance

B2B network Fundbox raises $176 million

B2B payments and credit network Fundbox has raised $176 million in growth equity funding for its Series C round.

24 September 2019

Company update/Alternative finance

Surecomp appoints Eyal Hareuveny as new CEO

Surecomp, the global trade finance fintech leader, made several top-level management organisational announcements today.

23 September 2019

Company update/Alternative finance

MatchMove acquires strategic stake in local digital lender MoolahSense

MatchMove, the award winning ‘Bank-As-A-Service’ platform has closed an agreement with licensed P2P lender, MoolahSense, to acquire a strategic stake with immediate effect.

20 September 2019

Company update/Alternative finance

NatWest's Esme Loans increases loan limit to £250,000

Esme Loans, NatWest’s standalone digital lending platform for SMEs and scale up businesses, has today announced that it has increased its credit appetite with the maximum loan amount moving to £250,000 from £150,000 to support more UK SMEs than ever before.

19 September 2019

Company update/payments

BlueVine hires PayPal vet Brodigan as chief commercial officer

BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer.

18 September 2019

News/Alternative finance

Tech Nation opens applications to scale up the new Monzo or Starling

Entrepreneur network Tech Nation has opened applications for three of its growth programmes: Future Fifty, Upscale and Rising Stars. These initiatives have proved to be successful in the past with alumni including the likes of Monzo, Starling Bank, Funding Circle, Darktrace, Deliveroo and Skyscanner.

17 September 2019

Company update/Alternative finance

Wirecard to issue digital payout cards and virtual wallets for Credibly small business customers

Wirecard, the global innovation leader for digital financial technology, and Credibly, a US-based business funding fintech, have launched a new collaboration to digitalize Credibly’s funding disbursements.

11 September 2019

Company update/Alternative finance

Sonovate raises £110 million in debt and equity financing

Sonovate, the UK’s leading finance and back-office tech provider to recruitment agencies and consultancies, has secured £110million debt and equity finance, led by M&G Investments, MXB Holdings Inc, Dawn Capital and Rocket Internet SE.

09 September 2019

Company update/retail

Goeasy invests in PayBright

goeasy Ltd. (TSX: GSY), a leading provider of financial services for non-prime Canadians, announced today that it has entered into a strategic partnership and agreed to make a minority equity investment in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans.

06 September 2019