Alternative finance

821 articles tagged with this keyword

/people

Swoop heads for Australia

Swoop, the fast-growing finance platform that enables small and medium sized businesses to access funding, is spreading its wings and coming to Australia after its initial runaway success in the UK and Ireland.

/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.

/Alternative finance

Specialist lender Together partners with Nivo to launch new mobile app

Commercial loan customers now have access to quicker lending decisions with secure messaging through Together’s new mobile phone app.

/Alternative finance

Newegg deploys Behalf to provide financing to its business customers

Behalf, Inc., a provider of alternative financing and payment solutions for B2B sellers and buyers, today announced that Newegg, one of the leading tech-focused e-retailers in North America, has selected Behalf’s solution to provide flexible Net Terms* and extended financing to its business customers.

/Alternative finance

ThinCats partners with Salt Edge to bring Open Banking benefits to SME lending

ThinCats, a UK-based alternative lender to mid-sized SMEs, has partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes.

/Alternative finance

Upstart files for IPO

Upstart Holdings, Inc. (“Upstart”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

/Alternative finance

Mintos embarks on crowdfunding camapaing

Mintos, the leading alternative investment platform for investing in loans in Europe, is launching its first-ever crowdfunding campaign.

/wholesale

British Business Bank ploughs £30 million into Funding Circle's UK SME Direct Lending Fund

British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £30 million commitment to support UK small businesses through Funding Circle’s UK SME Direct Lending Fund.

/payments

Consumer lender Artis turns to Paya for payment processing

Paya, a leading provider of integrated payment and commerce solutions, has partnered with Artis Technologies, a provider of modern lending solutions for businesses to offer affordable, low-friction financing to their customers at the point of need.

/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.

/Alternative finance

PayRay bank opens up for business in Latvia

PayRay Bank has continued its planned expansion and has started operations in Latvia.

/people

Optimum Finance names Anthony Persse as CEO

Invoice finance provider, Optimum Finance, today announced that fintech expert, Anthony Persse, has taken up the role of chief executive officer, following the tragic death of its founder, Richard Pepler, earlier this year.

/Alternative finance

CapitalBox acquires Dutch SME lender Spotcap

CapitalBox, the leading online pan-European SME funding platform, today announces the acquisition of the Netherlands division of fintech company Spotcap Global as part of its own ongoing European expansion.

/payments

Factoring company PayRay secures banking licence and opens for business in Lithuania

PayRay, a Lithuanian financial sector company, has started a new page of its business service activities.

/crypto

Ripple introduces Line of Credit

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP.

/Alternative finance

LendingClub sunsets Notes platform

Effective December 31, 2020, LendingClub will retire the Notes platform.

/Alternative finance

Mambu strikes deal with NZ SME lender Ranqx

Leading cloud banking platform, Mambu, has announced a global partnership with New Zealand-based Ranqx, a fully featured SME loan origination and credit underwriting platform.

/Alternative finance

Crowdcube and Seedrs to merge

Today, we have announced with Seedrs that we have agreed to a merge, in a move that will accelerate our shared plan to create the world’s largest private equity marketplace and further democratise investment.

/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.

/wholesale

Non-bank lenders set to challenge primacy of incumbent institutions in post-Covid economy

The primary role of a traditional bank providing financing and capital is set to be challenged further in a post COVID-19 world by non-banks, according PwC’s report, “Securing your tomorrow, today – The future of financial services,” which predicts that alternative providers of capital are set to become an even more important part of the global financial system.