Latest Alternative finance News: Finextra Research

Company update/payments

Coconut partners with PrePay Solutions to launch accounts and invoicing product

PrePay Solutions (PPS), Europe's leading digital banking and payments provider, has enabled functionality for current account service providers, Coconut, to launch a limited company accounting and invoicing product.

15 January 2019

Company update/Alternative finance

Kabbage brings pay later financing to Alibaba.com buyers

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, now powers the Pay Later program offered to U.S. buyers on Alibaba.com, Alibaba Group’s (NYSE: BABA) online platform for global B2B trade.

14 January 2019

Company update/startups

KBC Corporate Banking signs cooperation agreement with two Belgian fintechs

KBC Corporate Banking is to collaborate with Cashforce and BrightAnalytics to provide Belgian businesses with enhanced support for their working capital management, cash flow forecasting and management reporting. The tie-up could also develop over time into a more structural partnership.

14 January 2019

Company update/Alternative finance

Factris acquires Debifo

Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.

14 January 2019

News/Alternative finance

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

News/Alternative finance

Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

News/Alternative finance

Mastercard ditches name in logo rebrand

Mastercard has taken the bold step of removing its name from its logo in a move it says is inspired by the rise of digital banking and a future where there will be less reliance on card payments.

10 January 2019

Company update/retail

Indonesia's KinerjaPay scores major investment

KinerjaPay Corp., a Delaware corporation (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company") announced that it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million, subscribing for $100 million in shares of the Company's Series F and an addition $100 million in shares of the Company's Series G Convertible Preferred Stock.

07 January 2019

Company update/payments

Equiniti Riskfactor wins US client Eagle Business Credit

Equiniti Group plc, the FTSE-listed share services and fintech business, is delighted to announce that its risk management business, Equiniti Riskfactor, has been awarded a contract with Eagle Business Credit, the Atlanta-based factoring company which launched in 2013 and provides flexible funding solutions for small businesses.

11 December 2018

Company update/Alternative finance

Funding Options picks up Open Up Challenge prize

Business finance marketplace, Funding Options, has been announced as one of the winners of the second phase of Nesta’s ‘Open Up Challenge’ - one of only three companies to have won both stages of this challenge.

06 December 2018

News/Alternative finance

Rabobank combines bond trading and bank loans for SME business financing

Rabobank is partnering with Nxchange to provide small and medium sized business with access to a tradable bond platform for loan financing.

03 December 2018

Company update/retail

Mambu powers Lendico Switzerland

Mambu, the leading SaaS banking engine today announced it is powering Lendico Switzerland AG, helping the Swiss marketplace lender bring its digital alternative to traditional small and medium-sized enterprise (SME) financing to the Swiss market.

29 November 2018

News/Alternative finance

Revolut approved for Japan and Singapore push

Financial regulators in Japan and Singapore have given a green light to UK-based fintech Revolut and its bid to expand in Asia Pacific

29 November 2018

Company update/retail

British Business Bank to lend SMEs £150m through Funding Circle

The British Business Bank today announces a commitment of up to £150m for lending to UK small businesses through Funding Circle, a global small business loans platform.

28 November 2018

Company update/Alternative finance

Funding Options to join Starling Bank's in-app marketplace

Award-winning business finance marketplace, Funding Options, will soon be part of Starling Bank’s in-app marketplace for small businesses.

27 November 2018

News/retail

Monzo preps £20m crowdfunding campaign

UK challenger bank Monzo is going back to the crowdfunding well, seeking up to £20 million from ordinary punters to top up a more traditional recent £85 million funding round.

26 November 2018

Company update/Alternative finance

LendingCrowd appoints Darren Cairns as chief marketing officer

LendingCrowd, Scotland’s only fintech lending platform, based in Edinburgh, has appointed Darren Cairns as the company’s new chief marketing officer (CMO).

23 November 2018

News/payments

Alternative finance platforms report stellar growth

The UK alternative finance market grew by 35% to £6.2 billion in 2017, with P2P and crowdfunding accounting for 30% of all deals, according to a report by Cambridge Centre for Alternative Finance.

23 November 2018

Company update/startups

Whirl launches crowdfunding platform

An all-star team of nonprofit, blockchain, and crowdfunding veterans, including Roel Wolfert (Bancor, VISA) and Martijn Hekman (World Vision, United Nations), is thrilled to announce the launch of Whirl, a socially driven crowdfunding platform that's built on the blockchain.

20 November 2018

Company update/ai

Tricolor adds AI to improve risk scoring for underserved Hispanic community

Tricolor, the nation’s largest used vehicle retailer focusing on the sale and financing of vehicles to the Hispanic consumer, today announced an exclusive agreement with Phenx Machine Learning Technologies, Inc.,to expand an artificial intelligence (AI)-powered financial services platform serving Hispanic consumers.

15 November 2018