Latest Alternative finance News: Finextra Research

Visa invests in POS financing platform ChargeAfter

Visa has made a strategic investment in ChargeAfter as part of a broader deal with the point-of-sale financing technology platform.

12 February 2020

Company update/Alternative finance

Simply completes first deal enabled by open banking technology

Simply, the SME funder, announced today that it has just completed its first deal enabled by open banking technology.

10 February 2020

Company update/startups

P2P lending start-up Elfin Market reaches £400,000 target on Seedrs in just over 24 hours

UK peer-to-peer lending platform Elfin Market launched a crowdfunding round on Seedrs on 30 January 2020.

06 February 2020

Company update/Alternative finance

NatWest appoints Julie Ashmore as CEO of RapidCash

NatWest has today appointed Julie Ashmore as CEO of its digital overdraft alternative Rapid Cash, as it bids to accelerate growth of its working capital venture throughout 2020.

05 February 2020

Company update/payments

Kabbage debuts short-term loan product for small business owners

Kabbage, Inc., a data and technology company providing small businesses cash flow solutions, launched access to custom loans for Kabbage Payments customers.

04 February 2020

Company update/wholesale

Ultimate Finance launches Structured Finance proposition

Specialist asset-based lender, Ultimate Finance, is today announcing the launch of its Structured Finance proposition providing a streamlined solution for UK businesses to release working capital and invest in their growth.

03 February 2020

News/startups

Canada's first P2P consumer lender preps launch

Canadian regulators have given the greenlight for the country's first peer-to-peer lending platform for consumer loans.

31 January 2020

News/startups

How analytics can help expand market share and generate revenue

Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.

31 January 2020

News/payments

UK's 'buy now, pay later' market booms despite credit score concerns

The UK's point-of-sale credit market is surging, according to analysis from consultant Kearney, with two thirds of millennials now using 'buy now, pay later' services - despite some concerns about the impact on credit scores.

29 January 2020

News/startups

Westpac's Reinventure invests in Indonesia's Kredivo

Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform.

27 January 2020

News/Alternative finance

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