Alternative finance

256 articles tagged with this keyword

/crypto

Davos 2021: Singapore senior minister on finding the dark horse in digital currency race

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

/devops

How banks and financial services players will monetise open banking

Joined by executives from the financial services ecosystem, Celent’s head of corporate banking Patricia Hines took to the Sibos virtual stage to lead a discussion on the potential for building on ROI with APIs.

/wholesale

Lloyds to licence invoice financing technology from Satago

Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line.

/people

London Stock Exchange names new CEO

A former director at the UK's financial regulator has been appointed as the chief executive of the London Stock Exchange (LSE).

/retail

Mintos raises €5.3m in single-day crowdfund

European alternative investment platform Mintos has shattered crowdfunding records on Crowdcube, raising €5.3 million from nearly 5000 people in just 24 hours.

/startups

Possible Finance raises $11m over Zoom; makes remote working permanent

Possible Finance, a Seattle-based digital short-term lender for people with poor credit, has been adjusting to the Covid-29 economy, raising $11 million in funding via Zoom calls and making the long-term switch to remote working.

/wholesale

Small business lender Capify nets $10 million in funding

Online lender Capify has scored $10 million in equity funding and secured continued support from Goldman Sachs for its existing credit facilities.

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

/crypto

Investors to increase allocation to crypto assets

The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.

/inclusion

Finastra to prioritise tackling financial exclusion and SME funding issues

As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.

/wholesale

Factris closes €5 million Series A

Amsterdam-based fintech Factris has concluded a €5 million Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank.

/retail

German loan marketplace auxmoney raises €150 million

German peer-to-peer lender auxmoney has raised a mammoth €150 million in growth capital in an investment round led by Centrebridge Partners.

/sustainable

UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).

/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

/startups

Discerning the impact of Covid-19 on fintech firms and their role in financial inclusion

While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.

/retail

Metro Bank acquires P2P lender RateSetter

Metro Bank is to buy distressed P2P lender RateSetter for a bargain basement initial price of £2.5 million.

/payments

US mint facing coin shortage

The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic.

/startups

Revolut nets £63m from share sale

Digital banking app Revolut has netted £63m ($80m) from US private equity firm TSG Consumer Partners in its latest funding round.

/wholesale

Selina Finance raises £12 million to expand into consumer market

Selina Finance, a London-based alternative lender which provides credit to business borrowers by unlocking the value tied up in their property, has secured £12 million in equity funding and £30 in debt lines.

/regulation

SoFi applies for bank charter

Online lender SoFi has applied for a national bank charter with the US Office of the Comptroller of the Currency (OCC).