Alternative finance

256 articles tagged with this keyword

/wholesale

Iwoca and FundingXchange to offer cash advances to SMEs through Open Banking

Iwoca has launched an Open Banking-based cash advance product for e-commerce businesses with a business bank account on the FundingXchange marketplace.

/sustainable

Scottish National Investment Bank commits £50m to woodland management

The bank’s investment will support widescale creation and management of forests in Scotland, as well as boost biodiversity in the area, improve air quality, reduce soil erosion, and capture an estimated 1.2 million tonnes of CO2 over two decades.

/wholesale

LendInvest secures £150m partnership with Barclays and HSBC

LendInvest, an asset management platform for property finance, has agreed a £150 million partnership with Barclays and HSBC to get funding to UK property entrepreneurs.

/startups

Upgrade hits $3.3bn valuation

Upgrade, the lending platform launched by former LendingClub Chief Renaud Laplanche, has closed a $105 million Series E round at a $3.325 billion pre-money valuation.

/startups

Capchase raises $280m; launches BNPL platform for large business expenses

Capchase, a US startup that helps company founders access non-dilutive capital, has raised $280 million in debt and equity financing to support the launch of a BNPL product that lets users split large expenses over time.

/startups

CCAF, World Bank, World Economic Forum launch second Covid-19 fintech impact study

Building on findings and insights from its landmark 2020 survey, the Cambridge Centre for Alternative Finance (CCAF) is once again partnering with the World Bank Group and the World Economic Forum to investigate the impact Covid-19 has borne on fintech firms.

/crypto

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.

/crypto

Circle plans $4.5bn listing

Global fintech firm Circle has announced plans to go public via a special purpose acquisition company (SPAC) deal that values the company at $4.5bn.

/sustainable

Funding Options launches green finance marketplace

Funding Options has launched a green finance marketplace to help UK SMEs source funding to achieve their sustainability goals.

/regulation

Klarna faces data privacy investigation in Sweden

Sweden's financial watchdog is investigating whether buy-now-pay-later (BNPL) fintech Klarna violated bank secrecy laws following a security breach in May.

/retail

Klarna partners Liberis to offer merchants revenue-based financing

Klarna has picked embedded business finance platform Liberis to help it offer its e-commerce clients revenue-based financing.

/wholesale

CBA rolls out receivables funding platform for small businesses

Commonwealth Bank of Australia has launched a new online lending platform that frees up working capital for small businesses on the submission of their outstanding invoices.

/retail

Alternative lender ThinCats scores £160m investment

ThinCats, an alternative lender to UK SMEs, has secured a £160 million strategic investment from Wafra Capital Partners (WCP).

/startups

TreasurySpring raises $10m for fixed-term fund platform

TreasurySpring, the London-based operator of a fixed-term fund platform, has raised $10 million in a round led by MMC Ventures and Anthemis Group.

/startups

Capchase raises $125m for just-in-time financing platform

Capchase, a US startup that helps tech company founders access non-dilutive capital, has raised $125 million in a mix of debt and equity.

/markets

Pipe hits $2 billion valuation within a year of launch

Pipe, a Miami-based fintech startup building an exchange for recurring revenue streams, has raised $250 million in a funding round that gives it a $2 billion valuation within a year of launching.

/sustainable

Sustainable Finance Live: The state of the market and planet

Today, Finextra Research and Responsible Risk kicked off proceedings for Sustainable Finance Live – a series of virtual events designed to drive the creation of actionable ESGtech strategies within the financial services sector, and foster an ecosystem of partnerships that will turn strategy into action.

/wholesale

Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC

Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central bank digital currency,” led by the UK Treasury and Bank of England.

/wholesale

NatWest winds up standlone lending business Esme Loans

Esme Loans, NatWest's standalone digital lending platform for SMEs is being wound up as the pandemic takes its toll on the UK's small business community.

/retail

Westpac adds marketplace lender SocietyOne to banking-as-a-service platform

Marketplace lender SocietyOne is the second Australian fintech to join­­­ Westpac's new digital banking-as-a-service platform.