Alternative finance

825 articles tagged with this keyword

/crypto

Blockchain groups sue US IRS over new DeFi regulations

The US Internal Revenue Services (IRS) and Treasury are facing legal action from a number of blockchain trade groups over newly introduced rules for crypto brokers.

/wholesale

Lithuania's Finbee enters Polish market

The alternative non-bank financier Finbee for Business is starting operations in Poland.

/wholesale

SumUp extends cash advance product to Europe

Global fintech SumUp today announced the expansion of its Cash Advance product that first launched in the UK in 2020.

/ai

Traditional AI Is Not A Reasoning Machine; It’s A Set of Rules

Many have fallen into a belief that AI is a self-thinking entity, but Daniel Szmukler, Director, Euro Banking Association (EBA) discussed with FinextraTV how this was a fallacy. Whilst at Finextra’s inaugural NextGenAI event, Szmukler joined the studio to explain the varying usage of AI across the financial institutions and consumers and, in particular, to assert that traditional AI is a set of rules, not a reasoning machine.

/wholesale

Tarabut & Geidea sign MoU for SME financing in Saudi Arabia

Tarabut, the MENA region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals.

/wholesale

Lendscape signs Express Trade Capital

Lendscape, a leading technology provider to the global secured finance market, is excited to announce its partnership with prominent finance provider, Express Trade Capital.

/payments

Modifi scoops $15 million Series C

MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the successful completion of a $15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, Neva (Intesa Sanpaolo), Heliad and other top-tier global investors.

/wholesale

Dojo joins forces with YouLend to bring embedded financing options to Spanish businesses

Dojo, a leading provider of payment technology, has joined forces with global embedded financing platform YouLend to introduce flexible, business-friendly financing to its Spanish customers.

/wholesale

Iwoca secures $200 million of debt funding led by Citi

iwoca, one of Europe’s largest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.

/wholesale

SME lender iwoca secures £200m in debt funding

Iwoca, one of Europe’s largest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million.

/wholesale

Bizcap expands to Singapore

Bizcap, a leader in fast and flexible business finance across the U.K., Australia, and New Zealand, is thrilled to announce its upcoming Singapore expansion and the appointment of Joseph Lim as Managing Partner – Asia.

/retail

DailyPay gets additional $100m credit commitment from Citi

DailyPay, Inc., a worktech company and leading provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi.

/wholesale

YouLend secures $1 billion three-year financing facility with Castlelake

YouLend, a global embedded financing platform today announces that it has secured a new financing facility with funds managed by Castlelake, a global alternative investment firm that specializes in asset-based private credit.

/payments

Plooto offer short term capital to SMEs with new Pay by Card product

Plooto, a leading payment automation solution for small-to-midsize businesses (SMBs), now offers Pay by Card to Canadian and U.S. businesses, developed in collaboration with Visa.

/wholesale

PayPal plugs £2.5 billion cashflow gap for UK small businesses

New PayPal data has revealed the reach and impact of ‘alternative business funding’ amongst British small businesses.

/wholesale

Pipe makes push into the UK with GoCardless

Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMEs, and bank payment company GoCardless today announced a partnership to reshape capital access for UK businesses.

/wholesale

Lemon teams with Shawbrook Bank on new financing product for SMEs

Today, Lemon announces the launch of its new, first-of-its-kind financing product, in collaboration with Shawbrook Bank.

/startups

EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

/retail

Storfund partners TikTok Shop for embedded cash flow offering

Fintech Storfund has announced a new partnership with TikTok Shop that will introduce the first fully embedded cash flow solution in a major US marketplace, an innovation set to benefit sellers with high-growth potential on the social media app.

/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.