Alternative finance

522 articles tagged with this keyword

/wholesale

Malta-based startup Andaria arrives in the UK

High growth sectors of the British economy have to navigate a minefield when it comes to opening a simple business current account.

/payments

Liberis taps DNA Payments data to offer pre-approved funding to merchant customers

In a continued expansion within the SME market, leading embedded finance provider, Liberis, has today announced that they will be working with DNA Payments.

/wholesale

Singapore-headquartered finbots.ai secures first client in Australia

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech today announced signing Argenic - a growth stage Australian FinTech providing a suite of financial solutions for SMEs - as their latest client.

/wholesale

Factris lands €50 million funding line from Aegon Asset Management

Having just reached the milestone of financing €1 billion in invoices in Q1 of 2023, the Amsterdam-based fintech Factris has received further momentum thanks to a €50 million funding line from global investment business Aegon Asset Management (Aegon AM) in April 2023.

/wholesale

Moni unveils new community-powered business loans for African SMEs

Moni, a digital platform that leverages social trust and group responsibility to deliver financial services in Africa, has launched a new range of business loans that enables market traders, spare part dealers, textile traders and other small business owners in Africa to take advantage of the power of their communities to access the working capital they need to run and scale their businesses.

/startups

Climate Tech lender HeavyFinance closes €3 million seed funding round

HeavyFinance, a climate tech investment marketplace for the agricultural industry, has successfully raised €3 million during its seed funding round, led by VC firm Practica Capital.

/retail

ConTe.it Prestiti gets instant income verification with Tink

ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.it Prestiti’s network an improved and instant lending application process.

/wholesale

French fintech Aria receives €50M in debt funding from M&G Investments

Founded in 2020, Aria has concluded a new €50 million debt fundraising with one of the world’s leading asset management and investment fund management companies, M&G Investments.

/retail

Fintechs unite with launch of ‘Lenvi’

A trio of fintechs with years of industry-leading experience are joining forces to form a powerhouse set to take on consumer and commercial lending markets.

/retail

British fintech SteadyPay closes $3 million Seed round

N1 fintech fund invested in SteadyPay, a British progressive lending platform with a co-founder from Ukraine.

/retail

Block makes first social impact investment in the UK

Block Inc (NYSE: SQ), a global technology company with a focus on financial services, is making its first social impact investment in the UK, providing £2m capital to ART Business Loans (ART), which is being matched by well-established ethical lender Unity Trust Bank.

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Bibby Financial Services boosts SME funding in Scotland

The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”) significantly boosted funding for Scotland’s small and medium sized enterprises in 2022 as part of its ambitious national growth plan.

/wholesale

Bibby Financial Services and Coface ally to secure Irish SME funding

Bibby Financial Services, a leading provider of financial support and funding solutions to Irish SMEs, and Coface, a global leader in trade credit insurance, have joined forces in a new collaboration to help SME’s in Ireland access securely structured funding solutions while also ensuring they are protected against potential lost revenue.

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Visa and Froda unveil push-payments for SME business loan market

Access to financing has long been a major hurdle for businesses eyeing growth. Against this backdrop, Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues – for good.

/retail

London fintech kennek raises $4.5 million pre-seed funding

London-based fintech firm kennek has raised a $4.5 million pre-seed funding round.

/retail

Salad Money secures £40m debt facility to get credit to public sector workers

Social purpose fintech Salad Money will serve rocketing demand for affordable credit from NHS and public sector workers thanks to a new senior debt facility of up to £40m with a US-based credit fund.

/Alternative finance

iwoca hits net profitability; increases funding line

The total number of customers funded across the UK and Germany - including all products and repeat customers - grew by over 50% in 2022 vs 2021. iwoca funded 15,429 businesses in 2022, an increase of 54% from 2021.

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South African digital lender Lulalend scores $35 million Series B

Lulalend, the South Africa-based digital lender catering to underserved small and medium-sized enterprises (SMEs), has finalised a transformational $35 million (R600 million) Series B funding round.

/payments

HES Fintech selects Acquired.com for expansion across the UK

HES Fintech, a leading provider of intelligent lending platforms has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which lenders using HES’ technology will be able to leverage a sophisticated payment solution designed to enable the rapid disbursement of loans and seamless borrower-centric collection methods.

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Northern Arc Capital ships NuScore for microfinance companies

Northern Arc Capital, one of India’s leading diversified financial services companies today launched Nu Score, a proprietary credit scoring solution.