Alternative finance

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LATAM fintech Clara raises $60m

Clara, the leading end-to-end spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round led by GGV Capital. In addition, GGV Managing Partner Hans Tung will join the company’s Board of Directors.

/retail

New lenders meet growing demand for consumer loans in 2022

Research from Freedom Finance, one of the UK’s leading digital borrowing marketplaces, reveals the leading challengers and neobanks added over £1.5bn of capacity to the UK’s unsecured personal loan market in 2022.

/wholesale

Malta-based startup Andaria arrives in the UK

High growth sectors of the British economy have to navigate a minefield when it comes to opening a simple business current account.

Triver raises £7 million to provide SMEs with instant capital

/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.

/payments

Liberis taps DNA Payments data to offer pre-approved funding to merchant customers

In a continued expansion within the SME market, leading embedded finance provider, Liberis, has today announced that they will be working with DNA Payments.

/wholesale

Singapore-headquartered finbots.ai secures first client in Australia

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech today announced signing Argenic - a growth stage Australian FinTech providing a suite of financial solutions for SMEs - as their latest client.

/wholesale

Factris lands €50 million funding line from Aegon Asset Management

Having just reached the milestone of financing €1 billion in invoices in Q1 of 2023, the Amsterdam-based fintech Factris has received further momentum thanks to a €50 million funding line from global investment business Aegon Asset Management (Aegon AM) in April 2023.

/wholesale

Moni unveils new community-powered business loans for African SMEs

Moni, a digital platform that leverages social trust and group responsibility to deliver financial services in Africa, has launched a new range of business loans that enables market traders, spare part dealers, textile traders and other small business owners in Africa to take advantage of the power of their communities to access the working capital they need to run and scale their businesses.

/startups

Climate Tech lender HeavyFinance closes €3 million seed funding round

HeavyFinance, a climate tech investment marketplace for the agricultural industry, has successfully raised €3 million during its seed funding round, led by VC firm Practica Capital.

Spanish fintech ID Finance raises €30 million

/retail

Spanish fintech ID Finance raises €30 million

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

/retail

ConTe.it Prestiti gets instant income verification with Tink

ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.it Prestiti’s network an improved and instant lending application process.

Recognise Bank secures £25 million capital injection

/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.

/wholesale

French fintech Aria receives €50M in debt funding from M&G Investments

Founded in 2020, Aria has concluded a new €50 million debt fundraising with one of the world’s leading asset management and investment fund management companies, M&G Investments.

/retail

Fintechs unite with launch of ‘Lenvi’

A trio of fintechs with years of industry-leading experience are joining forces to form a powerhouse set to take on consumer and commercial lending markets.

/retail

British fintech SteadyPay closes $3 million Seed round

N1 fintech fund invested in SteadyPay, a British progressive lending platform with a co-founder from Ukraine.

Smart lending fintech Abound raises £500 million

/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.

/retail

Block makes first social impact investment in the UK

Block Inc (NYSE: SQ), a global technology company with a focus on financial services, is making its first social impact investment in the UK, providing £2m capital to ART Business Loans (ART), which is being matched by well-established ethical lender Unity Trust Bank.

/wholesale

Bibby Financial Services boosts SME funding in Scotland

The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”) significantly boosted funding for Scotland’s small and medium sized enterprises in 2022 as part of its ambitious national growth plan.

Swiss fintech Radicant sacks CEO

/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.

Car finance fintech Carmoola closes £8.5m Series A

/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.

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