Alternative finance

821 articles tagged with this keyword

/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.

/startups

Manchester-based invoice financing startup Hydr goes live

Manchester-based fintech start-up Hydr today announces the launch of its proprietary invoice finance platform to help small businesses optimise their cash flow.

/people

Optimum Finance appoints Vicky Williams as new CFO leading to 60% women majority on board

Specialist SME invoice finance company Optimum Finance has recruited Vicky Williams as Chief Financial Officer.

/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.

/retail

LendingClub taps Alto as prefered partner for IRAs

Alto Solutions, Inc. (Alto), the next-generation self-directed IRA platform making it easier for individuals to access and invest in alternative assets using their retirement funds, today announced it was selected by LendingClub Corporation (NYSE: LC) as the new preferred IRA custodian for LendingClub IRA account holders.

/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.

/crypto

Cardano and Stellar now tradable at Boerse Stuttgart

For the first time, investors can now buy and sell exchange-traded notes (ETNs) based on the cryptocurrencies Cardano and Stellar at Boerse Stuttgart. The securities issued by 21Shares track the price of the two cryptocurrencies in relation to the euro.

/startups

Northwestern Mutual invests in Zirtue

Today, Zirtue, the world’s first and only relationship-based lending app with a mission to drive financial inclusion, announces it has received a significant investment from Northwestern Mutual Future Ventures, Northwestern Mutual's corporate venture capital fund.

/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.

/people

Earnest names David Green CEO

Earnest, a leading financial technology and education finance company, today announced the appointment of David Green as chief executive officer. Susan Ehrlich, CEO since 2018, has retired from the company to focus on board service.

/Alternative finance

IDS agrees White Clarke Group acquisition

IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a leading provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets.

/wholesale

LendInvest partners with Credit Kudos to streamline underwriting through Open Banking

Partnership between fintechs LendInvest and Credit Kudos will offer brokers and customers a seamless, more secure service, as well as enabling LendInvest to make more informed lending decisions through Open Banking insights.

/startups

IndiaLends raises US$5.1 M from existing investors

Major digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners.

/retail

Marketplace lenders form American Fintech Council

Today, the Marketplace Lending Association ("MLA") and Online Lending Policy Institute ("OLPI") announced they have merged organizations to form the American Fintech Council ("AFC").

/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.

/startups

Pipe raises $50 million in equity financing

Pipe, creators of the world's first trading platform for recurring revenues, today announced it has raised $50 million in strategic equity funding, with a minority portion of the round being allocated to secondary.