Alternative finance

263 articles tagged with this keyword

/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.

/crypto

Davos 2021: Singapore senior minister on finding the dark horse in digital currency race

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

/devops

How banks and financial services players will monetise open banking

Joined by executives from the financial services ecosystem, Celent’s head of corporate banking Patricia Hines took to the Sibos virtual stage to lead a discussion on the potential for building on ROI with APIs.

/wholesale

Lloyds to licence invoice financing technology from Satago

Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line.

/people

London Stock Exchange names new CEO

A former director at the UK's financial regulator has been appointed as the chief executive of the London Stock Exchange (LSE).

/retail

Mintos raises €5.3m in single-day crowdfund

European alternative investment platform Mintos has shattered crowdfunding records on Crowdcube, raising €5.3 million from nearly 5000 people in just 24 hours.

/startups

Possible Finance raises $11m over Zoom; makes remote working permanent

Possible Finance, a Seattle-based digital short-term lender for people with poor credit, has been adjusting to the Covid-29 economy, raising $11 million in funding via Zoom calls and making the long-term switch to remote working.

/wholesale

Small business lender Capify nets $10 million in funding

Online lender Capify has scored $10 million in equity funding and secured continued support from Goldman Sachs for its existing credit facilities.

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

/crypto

Investors to increase allocation to crypto assets

The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.

/inclusion

Finastra to prioritise tackling financial exclusion and SME funding issues

As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.

/wholesale

Factris closes €5 million Series A

Amsterdam-based fintech Factris has concluded a €5 million Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank.

/retail

German loan marketplace auxmoney raises €150 million

German peer-to-peer lender auxmoney has raised a mammoth €150 million in growth capital in an investment round led by Centrebridge Partners.

/sustainable

UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).