Alternative finance

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Egypt's Money Fellows raises $31m to digitise money circles

/inclusion

Egypt's Money Fellows raises $31m to digitise money circles

Egyptian fintech Money Fellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together.

Portugal's fintech sector passes €1bn milestone

/startups

Portugal's fintech sector passes €1bn milestone

Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.

/startups

Lama AI scores $9 million seed funding to unlock credit for small businesses

Lama AI, a business banking technology provider, announces a $9 million seed investment to unlock credit opportunities for small-medium businesses.

/wholesale

Sambla Group signs deal with Tink to strengthen lending business

Tink, Europe’s leading open banking platform, has partnered with Sambla Group - a leading loan broker in the Nordics - to offer the lenders in its network access to more accurate affordability assessments.

/Alternative finance

Yaydoo acquires Oyster Financial

Yaydoo, the leader in B2B transactions with solutions for accounts receivable, payables, and enterprise procurement in LATAM, acquired payments platform Oyster Financial.

/crypto

Crypto firm Dash 2 Trade raises $500,000

In less than 24 hours, crypto market intelligence trading platform Dash 2 Trade has raised $500K from hungry investors.

Atom Bank names CFO

/people

Atom Bank names CFO

UK challenger bank Atom has named Andrew Marshall as chief financial officer.

N26 unveils crypto offering

/crypto

N26 unveils crypto offering

German challenger bank N26 has launched its first cryptocurrency offering which will enable clients to trade close to 200 virtual currencies.

/payments

Atlantic Money launches in Ireland to compete with Revolut

New international money transfer provider, Atlantic Money, today announces its official launch in Ireland, continuing its expansion in Europe after Belgium and Germany.

/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.

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