Latest Alternative finance News: Finextra Research

Former HSBC corporate banking head Boothroyd joins Lendy as non-exec

Nigel Boothroyd, former HSBC Corporate Banking head, has been appointed as a Non-Executive Director by Lendy, one of Europe’s leading peer-to-peer secured property platforms.

15 August 2018

Company update/Alternative finance

UK startup, Capital On Tap secures £140 million in debt funding

Capital On Tap, one of the UK’s fastest growing companies, has secured a total of £140 million in additional funding in the form of £90 million in debt funding from London-based investment houses, M&G Investments and Triple Point Investment Management LLP; and a second £50 million debt line from international bank, Citibank and private equity fund manager Pollen Street Capital.

14 August 2018

Company update/Alternative finance

Q2 to acquire Cloud Lending Solutions

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of secure, experience-driven digital banking solutions for community-focused financial institutions, has announced an agreement to acquire San Mateo, California-based Cloud Lending, Inc., a privately-held SaaS company that provides an integrated end-to-end lending and leasing platform.

10 August 2018

Company update/Alternative finance

Tungsten Network ships digital purchase order delivery and acknowledgement service

Tungsten Network, the global business transaction network, has launched a new purchase order (PO) delivery and acknowledgement service for its 300,000 global customers.

09 August 2018

Company update/Alternative finance

OnDeck reports strong second quarter

OnDeck (NYSE:ONDK), the leader in online lending for small business, today announced second quarter 2018 Net income of $5.8 million, Adjusted Net income of $10.0 million and Gross revenue of $95.6 million.

09 August 2018

News/Alternative finance

Zopa raises £44 million to support digital bank launch

Peer-to-peer lender Zopa has scooped £44 million in funding as it lays the groundwork for the launch of its new digital challenger bank.

03 August 2018

News/Alternative finance

Revolut crowdfunders are realising a handsome return on their investments

Investors who backed money transfer startup Revolut during a crowdfunding round two years ago have now realised returns of 19x on their original investments, according to data from Crowdcube.

03 August 2018

Company update/Alternative finance

Roostify appoints Eric Amblard CFO

Roostify, a leading digital lending platform provider, announced today that Eric Amblard has joined the company as Chief Financial Officer. Amblard comes to Roostify from EverString Technologies, where he also served as CFO.

02 August 2018

News/Alternative finance

Barclays Bank takes stake in MarketInvoice

Barclays Bank is to take a minority equity stake in online invoice financing platform MarketInvoice and roll out the service to its large SME client base.

02 August 2018

Company update/Alternative finance

Judo Capital raises A$140m

Judo Capital has closed on 140 million Australian dollars ($103.9 million) in an initial equity raise. Judo, of Melbourne, is a specialist lender to the Australian SME sector. First Avenue Partners acted as placement agent for Judo.

01 August 2018

Company update/Alternative finance

IGF appoints Neil Kindness as asset based lending director

Independent Growth Finance (IGF), a leading independent commercial finance provider, today announces the appointment of Neil Kindness as asset based lending (ABL) Director.

01 August 2018

News/Alternative finance

Microsoft and Nationwide invest $12m in online lender BlueVine

Online business lender BlueVine has topped up its $60 million Series E funding round with an additional $12 million from the venture arms of Microsoft and FS firm Nationwide.

31 July 2018

News/Alternative finance

FCA to tighten rules for loan-based crowdfunding platforms

The Financial Conduct Authority is updating its loan-based crowdfunding rules in the face of growing complexity and poor practices since it first authorised trading in the market 18 months ago.

27 July 2018

Company update/Alternative finance

CloudTrade closes first invesment round, raising £2 million

CloudTrade, the leading provider of cloud-based e-invoicing, e-order and complex data capture services, has today announced the completion of its first investment round, securing a £2million injection from Calculus Capital.

27 July 2018

Company update/Alternative finance

Previse joins Government G-Cloud 10 framework

Previse, the global instant supplier payments decisions company, has today announced it has been accepted onto the UK Government’s G-Cloud 10 framework.

25 July 2018

News/Alternative finance

Bitcoin cheerleader Novogratz backs crypto lending startup BlockFi

BlockFi, a startup that lets people and companies put down Bitcoin and Ether as collateral for US dollar loans, has raised $52.5 million from Galaxy Digital Ventures, a cryptocurrency and blockchain technology investment firm.

24 July 2018

Company update/Alternative finance

Banco BNI Europa to fund Upgrade consumer loans in US

European challenger bank Banco BNI Europa and Fintex have entered into a strategic partnership to invest in Upgrade’s consumer loans and expand access to affordable credit to consumers in the United States.

19 July 2018