Alternative finance

548 articles tagged with this keyword

/covid-19

ClearBank and Tide granted £25m to aid SMEs recovery

ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform[1], have been awarded £25m to help UK SMEs turn recovery from the coronavirus crisis into a growth opportunity.

/retail

Digital credit platform in fundraising effort

Collaborative financing platform mozzeno raised € 3,000,000 from its existing and new shareholders.

/inclusion

TotallyMoney launches app for better borrowing behaviour

Scale-up FinTech TotallyMoney has launched a new and exclusive app-only feature to help their three million customers gain a greater understanding of their borrowing behaviour and make better financial decisions.

/payments

Factris and NN Investment Partners agree on European financing agreement

Fintech company Factris has closed a new EUR 50m secured financing agreement with asset manager NN Investment Partners (NN IP).

/Alternative finance

BlueVine secures $75 million revolving credit facility with Atalaya Capital Management

BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York.

/payments

MarketFinance banks £50m as it ramps CBILS support for SMEs as deadline looms

Fintech business lender MarketFinance has secured an additional £50m from one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the HM Treasury and British Business Bank CBILS initiative.

/retail

Iwoca taps UK's Future Fund scheme

iwoca, one of Europe’s largest small business lenders, has secured funding via the government Future Fund scheme.

/wholesale

Envoy Group appoints new advisors

Envoy Group has appointed three new advisors to its team as it approaches the pilot phase of its trade finance platform and the launch of the NVOY token. Each advisor comes from the world of commercial banking or a Fortune 100 company, bringing valuable experience and energy with them.

/Alternative finance

Invoice trading platform Incomlend raises $20 million

Incomlend, a global online invoice trading platform that aims to democratize access to trade finance, has raised a US $20 million Series A round led by Sequoia India.

/wealth

Indian fintech Niyo acquires Goalwise

In a bid to expand its product offering to the millennials, Niyo, India's leading digital banking fintech start-up, has acquired Goalwise, a new-age mutual funds investment platform.

/Alternative finance

Deutsche Bank invests in Traxpay

Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.

/wholesale

Folk2Folk joins with CrossLend to tap institutional investors

FOLK2FOLK, the local lending company, announces its partnership with the institutional digital debt marketplace CrossLend as it continues to build its institutional investor-base.

/payments

Unifiedpost strengthens balance sheet with €47 million capital raise

Unifiedpost Group — one of Europe's leading Fintech companies — has significantly strengthened its equity base by approximately 47 million euro via a share capital increase to predominantly existing shareholders and conversion of a majority of its outstanding convertible bonds in order to further achieve its international growth ambitions.

/payments

Nomo offers advanced invoice collection service

Nomo, the fintech web and app platform that integrates financial services and business management tools for the self-employed and freelancers, has introduced a new feature with which self-employed workers can bring forward collection of their invoices pending payment.

/retail

Finpoint enlists CRIF Realtime to fast-track lending process for SMEs

CRIF Realtime Ltd, a leader in credit risk management, and Finpoint Limited, the UK’s trusted business finance platform, have agreed a partnership to support SMEs seeking access to finance.

/wholesale

Asto and Funding Options team up to offer flexible loans to small businesses

Asto Business Capital loans are now available on Funding Options as part of a new partnership with the business finance marketplace.

/regulation

Equiniti to provide KYC service for the invoice finance industry

Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.

/startups

CCAF, World Bank and the World Economic Forum investigate Covid-19's impact on global fintech

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.

/people

SME financing platform Swoop hires George Htin-Kyaw as CTO

Swoop, the innovative technology-based finance platform for businesses, has appointed George Htin-Kyaw as Chief Technology Officer.

/wholesale

Invoice finance platform Dancerace to embed credit insurance from Nimbla

Credit insurers Nimbla and ABL operating system Dancerace have partnered to increase SMEs’ access to credit insurance when they apply for invoice finance.