792 articles tagged with this keyword
News/inclusion
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.
22 September 2020
News/wholesale
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.
16 September 2020
Company update/payments
Fintech company Factris has closed a new EUR 50m secured financing agreement with asset manager NN Investment Partners (NN IP).
10 September 2020
Company update/Alternative finance
BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York.
09 September 2020
Fintech business lender MarketFinance has secured an additional £50m from one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the HM Treasury and British Business Bank CBILS initiative.
07 September 2020
News/retail
German peer-to-peer lender auxmoney has raised a mammoth €150 million in growth capital in an investment round led by Centrebridge Partners.
03 September 2020
News/sustainable
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).
26 August 2020
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.
Company update/retail
iwoca, one of Europe’s largest small business lenders, has secured funding via the government Future Fund scheme.
24 August 2020
Company update/wholesale
Envoy Group has appointed three new advisors to its team as it approaches the pilot phase of its trade finance platform and the launch of the NVOY token. Each advisor comes from the world of commercial banking or a Fortune 100 company, bringing valuable experience and energy with them.
17 August 2020
News/startups
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.
13 August 2020
Incomlend, a global online invoice trading platform that aims to democratize access to trade finance, has raised a US $20 million Series A round led by Sequoia India.
11 August 2020
Metro Bank is to buy distressed P2P lender RateSetter for a bargain basement initial price of £2.5 million.
03 August 2020
News/payments
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.
30 July 2020
Company update/wealth
In a bid to expand its product offering to the millennials, Niyo, India's leading digital banking fintech start-up, has acquired Goalwise, a new-age mutual funds investment platform.
28 July 2020
Digital banking app Revolut has netted £63m ($80m) from US private equity firm TSG Consumer Partners in its latest funding round.
27 July 2020
Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH, with both parties signing the agreements in Frankfurt this Friday.
24 July 2020
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.
23 July 2020
FOLK2FOLK, the local lending company, announces its partnership with the institutional digital debt marketplace CrossLend as it continues to build its institutional investor-base.
Unifiedpost Group — one of Europe's leading Fintech companies — has significantly strengthened its equity base by approximately 47 million euro via a share capital increase to predominantly existing shareholders and conversion of a majority of its outstanding convertible bonds in order to further achieve its international growth ambitions.
20 July 2020
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