Alternative finance

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SME lender iwoca raises £150 million in debt and equity financing

/payments

SME lender iwoca raises £150 million in debt and equity financing

UK small business lender iwoca has raised £150 million in equity and debt capital, including figures from a recent Series D equity round led by Augmentum Fintech.

/retail

CommonBond scores $750m in lending capacity from big banks

CommonBond, a leading financial technology company, announced that it has signed $750 million in lending capacity from Goldman Sachs, Citibank, Barclays, BMO, and ING.

/retail

OnDeck gets $85m credit facility

OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks.

Funding Options heads to Europe with ING partnership

/Alternative finance

Funding Options heads to Europe with ING partnership

UK-based online business finance marketplace Funding Options is launching in the Netherlands with the backing of local bank ING.

/startups

Minneapolis’ Apruve raises $6 million in funding

Apruve, a B2B credit automation platform, today announced that it closed on $6 million in its Series A financing led by Cloud Apps Capital Partners with participation from TTV Capital and Allegis Capital.

Augmentum invests £7.5 million in iwoca

/Alternative finance

Augmentum invests £7.5 million in iwoca

London listed fintech venture fund Augmentum has invested £7.5 million in small business lender iwoca.

/retail

Lending Express opens for business in California

Lending Express, a technology company dedicated to creating a better world of funding for SMBs, today announced they’ve surpassed $100 million in financing facilitated between small and medium business owners and online lenders.

/Alternative finance

Fellow Finance expands to Denmark

Fellow Finance is expanding its peer-to-peer lending platform to Denmark.

/startups

Growth Street scores £7.5m scale-up round led by Merian Chrysalis

Signalling a vote of confidence in British fintech, business lending platform Growth Street has raised a £7.5m scale-up investment round led by the Merian Chrysalis Investment Company Limited (Merian Chrysalis).

Barclays and Santander invest in MarketInvoice

/payments

Barclays and Santander invest in MarketInvoice

Barclays and Santander InnoVentures have led a £26 million Series B funding round in online invoice financing platform MarketInvoice.

/retail

Alternative lender Capify scores $95m Goldman Sachs credit facility

Capify, a leading alternative small business finance provider in the UK and Australia, has secured a £75 million (approx. $95 million USD) credit facility from Goldman Sachs Private Capital ("Goldman Sachs") to support its future growth plans and provide working capital to thousands of Australian and British small businesses over the coming years.

/payments

Coconut partners with PrePay Solutions to launch accounts and invoicing product

PrePay Solutions (PPS), Europe's leading digital banking and payments provider, has enabled functionality for current account service providers, Coconut, to launch a limited company accounting and invoicing product.

/Alternative finance

Kabbage brings pay later financing to Alibaba.com buyers

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, now powers the Pay Later program offered to U.S. buyers on Alibaba.com, Alibaba Group’s (NYSE: BABA) online platform for global B2B trade.

/startups

KBC Corporate Banking signs cooperation agreement with two Belgian fintechs

KBC Corporate Banking is to collaborate with Cashforce and BrightAnalytics to provide Belgian businesses with enhanced support for their working capital management, cash flow forecasting and management reporting. The tie-up could also develop over time into a more structural partnership.

/Alternative finance

Factris acquires Debifo

Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.

US shutdown impacts fintech market

/Alternative finance

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

Scotland's fintechs treble in number

/Alternative finance

Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

Mastercard ditches name in logo rebrand

/Alternative finance

Mastercard ditches name in logo rebrand

Mastercard has taken the bold step of removing its name from its logo in a move it says is inspired by the rise of digital banking and a future where there will be less reliance on card payments.

/retail

Indonesia's KinerjaPay scores major investment

KinerjaPay Corp., a Delaware corporation (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company") announced that it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million, subscribing for $100 million in shares of the Company's Series F and an addition $100 million in shares of the Company's Series G Convertible Preferred Stock.

/payments

Equiniti Riskfactor wins US client Eagle Business Credit

Equiniti Group plc, the FTSE-listed share services and fintech business, is delighted to announce that its risk management business, Equiniti Riskfactor, has been awarded a contract with Eagle Business Credit, the Atlanta-based factoring company which launched in 2013 and provides flexible funding solutions for small businesses.

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