Alternative finance

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/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.

/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.

/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.

/startups

Capcito raises EUR7m for SME financing platform

Capcito has closed an investment in the amount of EUR 7 million. Schibsted Growth and pan-European VC Ventech have joined owners SEB Venture Capital and Collector Ventures in support of Capcito’s next stage of growth.

/retail

LendingPoint closes inaugural securitization of consumer loans

LendingPoint, the company revolutionizing and democratizing commerce, announced today that it closed its inaugural securitization of consumer loans. LendingPoint Receivables Trust 2019-1 ("LDPT 2019-1") issued $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the LendingPoint platform.

/startups

Indonesian digital credit platform Kredivo secures $20m debt line

Jakarta-headquartered Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a leading venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to fund loans for Kredivo’s borrowers in Indonesia.

/payments

Curve raises £4m in minutes on Crowdcube

Curve, the over-the-top banking platform which consolidates multiple cards and accounts into one smart card and one even smarter app, has smashed records by raising £4million just minutes after launching its first ever crowdfunding campaign, making it the fastest startup to reach the figure in history.

/Alternative finance

B-North selects Mambu for core banking

B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Mambu, the SaaS banking engine, to provide its core banking technology.

/Alternative finance

Paysend hits 1m customers milestone

Paysend, the UK-based fintech business, has reached one million customers for its Global Transfers service.

/Alternative finance

Wirecard and Brightstar sign MoU for digital finance

Wirecard, the global innovation leader for digital financial technology, and Brightstar, a worldwide leader in device lifecycle management, have signed a Memorandum Of Understanding (MOU) with the goal of collaborating in the areas of digital consumer lending, payment acceptance processing and card issuing.

/Alternative finance

Monevo joins forces with usave

Monevo, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access to credit, usave.

/retail

Fourex seeks to raise £900k on Crowdcube

After its successful crowd fund in 2015 which raised more than £670,000 and 243% of the initial target, Fourex are back to seek investment once again in their fast-growing foreign currency business.

/Alternative finance

AIB mobile app reaches one million users with spending data

AIB has announced that over one million users across Ireland are now using the AIB Mobile App, making it the number one Irish banking app – further solidifying AIB’s position as Ireland’s most digitally enabled bank. In 2018 alone there were over 325 million customer interactions on the AIB Mobile App, with customers using the app 36 times a month on average. To celebrate the success of the app AIB is sharing anonymised and aggregated data to reveal consumer trends.

/Alternative finance

BrickVest launches second Employee Participation Fund

BrickVest, the London-based online real estate investment platform, has launched its second Employee Participation Fund (‘EPF’) in partnership with BEOS, the German commercial property specialist, part of the Swiss Life Asset Managers family since August 2018.

/startups

SellersFunding launches in the UK and Canada

SellersFunding, a data-driven alternative lending platform, today announced its expansion into the UK and Canada, where e-commerce sellers will now have the opportunity to leverage the company’s unique solutions designed to help them obtain, optimize and manage their funding.

/devops

Biz2Credit to spend $10 million on staff training

Biz2Credit Inc., the leader in online digital SME finance platforms, today announced that it is committing more than $10 million in a technology training initiative designed to further enhance the skills of more than 100 of its employees globally in areas such as software engineering, AI, data analytics, and IT support.

/Alternative finance

LendInvest secures £200 million financing package from the National Australia Bank

LendInvest, the UK’s leading marketplace for property finance, has received £200 million investment from the National Australia Bank (NAB), one of Australia’s largest banks.

/Alternative finance

ScaleFactor closes $60 million Series C funding round

ScaleFactor, the intelligent finance and automated accounting platform, today announced that it raised a $60 million Series C funding round led by Coatue.

/startups

FinMkt closes $5 million Series B

FinMkt, a leading New York-based B2B fintech solutions provider, announced today the close of its $5 million Series B preferred equity round led by FINTOP Capital with participation from existing investors including ManchesterStory Group and West Loop Ventures.

/Alternative finance

LiquidX adds DBS to platform; expands Singapore office

LiquidX, the global network for illiquid assets, is excited to welcome DBS Bank to its network.

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