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/payments

Paytrix secures £5m in funding

Paytrix, an embedded payments company for high-growth vertical software platforms, today announces that it has secured £5 million of new capital.

Indian PM Modi hails fintech revolution in digital banking push

/inclusion

Indian PM Modi hails fintech revolution in digital banking push

India's prime minister Narendra Modi has announced the launch of 75 digital banking units (DBUs) in a move that he says will improve the banking experience for users and boost financial inclusion.

PayPal to ride out social media backlash over misinformation policy change

/payments

PayPal to ride out social media backlash over misinformation policy change

Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording to financial analysts.

/startups

Uganda's Tugende raises $10m in equity and debt funding

Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.

/wholesale

Got Capital adopts DirectID's open banking platform to digitise SME funding process

DirectID, a global credit risk platform, and Got Capital, a UK based small business capital provider, have today announced a new partnership to digitise the application process for business financing.

/wholesale

Capchase financing options now available through Xero App Store

Capchase, a leading provider of non-dilutive financing to SaaS companies, has today announced a new integration with Xero, the global small business platform.

/retail

Liberis raises $140m in debt funding

Liberis, a leading global embedded business finance platform, today announced that they have secured £140m in financing from Barclays Bank PLC and BCI Finance to help secure its global partner expansion and growth plans for the next two years.

Fintech lending boosts credit access for US small businesses

/wholesale

Fintech lending boosts credit access for US small businesses

The use of alternative data sources and machine learning to assess the credit quality of applicants gives US fintechs an advantage over banks when it comes to small business lending, according to a paper from the Bank for International Settlements.

/cloud

Capchase and Sastrify announce partnership

Capchase, a leading provider of non-dilutive financing to SaaS companies, has announced a partnership with Sastrify, the global automated SaaS procurement platform, to offer a “Save Now, Pay Later” program to high-growth customers.

/wholesale

Playter now able to offer up to £1m per year in funding to UK SME's

Exciting London-based start-up Playter is taking the BNPL space by storm, as they announce an increase in the amount of funding SMEs can access through their innovative growth platform, reducing business owners' burn rates, increasing runway, and freeing up capital.

/wholesale

SME Finance opens in Finland

SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, has opened for business in Finland, promising fairer, faster growth financing for the nation’s smaller businesses faced with a €2 billion funding gap.

/wholesale

Wayflyer expands into four new European markets

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, today announces it has recently expanded into four additional European markets.

/startups

Agricultural financing platform Lande raises €550,000 pre-seed to expand to Romania

Latvian FinTech startup LANDE has raised a pre-seed round of 550,000 EUR to enter Romania, continuing its expansion in Europe.

Credix raises $11.25m for decentralised credit marketplace

/startups

Credix raises $11.25m for decentralised credit marketplace

Credix, a decentralised credit marketplace connecting institutional investors with fintech lenders in emerging markets, has raised $11.25 million in a Series A funding round led by Motive Partners and ParaFi Capital

/wholesale

LendInvest opns Scottish office

LendInvest, the UK’s leading asset manager for property finance, has today opened a new office in Scotland to meet increasing demand for property finance in the North of the United Kingdom and to access talent from a leading financial and technology hub.

Singapore welcomes another digital bank

/retail

Singapore welcomes another digital bank

The digital bank market in Singapore has grown following the launch of Trust Bank, a partnership between Standard Chartered and local retailer FairPrice.

/wholesale

Wayflyer, scores $253m debt financing

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has secured a $200mn (plus $53mn mezzanine) debt financing facility from Credit Suisse.

India's EarlySalary raises $110m

/startups

India's EarlySalary raises $110m

Indian lending fintech EarlySalary has raised $110 million in a Series D funding round led by TPG’s The Rise Fund and Norwest Venture Partners.

/people

Ex-JPMorgan Chase CIO appointed chairman of Ranqx

Ranqx, the SMB digital lending platform, appoints ex-JPMorgan Chase CIO and Treasurer, John Horner, as Chairman.

/wholesale

Singapore-headquartered fintech banco raises US$6.7 million in Series A round

Singapore-headquartered, Financial Technology (FinTech) company, banco (RABC Group) today announced the successful raise of US$6.7M in Series A funding led by Japan-based leading financial group SBI Group, alongside investors Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others.

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