Alternative finance

256 articles tagged with this keyword

/crypto

Survey suggests industry divided on CBDCs

The majority of finance professionals do not support the launch of central banking digital currencies (CBDCs) according to recently published research.

/payments

SumUp scoops $100 million credit facility for roll out of cash advance product

London-based unicorn SumUp has picked up a $100 million credit facility from Victory Park Capital to drive the launch of a cash advance product for UK and European merchants.

/retail

Novo launches working capital product for SMEs

Novo, a provider of digital-only banking services for US small businesses, has secured a $125 million facility for the launch of a working capital product.

/startups

UK fintechs Bloom Money and SuperFi close seed rounds

Bloom Money, a UK startup offering financial services to immigrants has raised £1 million in pre-seen funding. Separately, another UK startup, SuperFi, has secured $1 million in pre-seed funding for its debt prevention platform.

/wholesale

TreasurySpring raises $29m

TreasurySpring, the London-based investment platform that helps firms unlock and protect the value of their cash assets, has raised $29 million in a Series B funding round led by Balderton Capital.

/crypto

Crypto.com gets licence in Spain

Cryptocurrency platform Crypto.com has been granted virtual asset service provider (Vasp) registration by the Bank of Spain.

/inclusion

Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.

/crypto

BIS and Bank of England complete CBDC project

A pilot project involving central bank digital currencies (CBDCs) jointly run by the Bank of England (BoE) and the Bank of International Settlements (BIS).

/retail

Spanish fintech ID Finance launches crowdfunding campaign

Spanish alternative lending platform ID Finance has launched a crowdfunding campaign, offering existing shareholders and clients as well as European retail investors the opportunity to participate in its recently closed €30 million equity round.

/security

CFPB warns consumers about non-insured payments apps

The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.

/payments

Plastiq files for bankruptcy; agrees acquisition deal with Priority

Plastiq, a US B2B payments firm for SMEs, has filed for bankruptcy and entered into a stalking horse agreement to have its assets acquired by unified commerce platform Priority Technology.

/people

Muse names ex-NatWest exec Julie Ashmore COO

Working capital business finance provider Muse Financial has brought in former NatWest executive Julie Ashmore as COO.

/startups

Triver raises £7 million to provide SMEs with instant capital

Triver, a London-based startup that uses open banking data and AI to provide short-term working capital to SMEs, has raised £7 million in seed funding.

/retail

Spanish fintech ID Finance raises €30 million

Spanish alternative lending platform ID Finance has closed a €30M equity round led by Kingsway Capital.

/wholesale

Recognise Bank secures £25 million capital injection

Digital SME lender and savings provider Recognise Bank has secured a £25m cash raise from its largest investor, PV27.

/startups

Smart lending fintech Abound raises £500 million

Abound, a UK-based fintech that uses a combination of open banking and artifical intelligence to offer better loan deals to consumers, has raised £500 million in a mixture of debt and equity finance.

/people

Swiss fintech Radicant sacks CEO

Radicant Bank, a Switzerland-based digital bank, has sacked its CEO and co-founder after an internal email blasting critics and local politicians was leaked online.

/startups

Car finance fintech Carmoola closes £8.5m Series A

UK car finance fintech Carmoola has raised £8.5 million in a Series A funding round and secured another £95 million through a debt facility.

/wholesale

Liberis secures €30 million in debt financing from Silicon Valley Bank

Embedded business finance platform Liberis has secured €30 million in debt funding from Silicon Valley Bank to expand into Germany and Poland and the Nordics.

/startups

Digital finance platform Tapline comes out of stealth with funding

Tapline, a digital finance platform allowing SaaS companies to trade their future revenues for upfront and non-dilutive cash, has secured pre-seed funding of €31.7 million in equity and debt.