Findex

4073 articles tagged with this keyword

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New challenger Arro Money opens doors on Series A financing

Arro Money, a fast-growing provider of personal and business accounts, has opened a Series A Financing round to investors.

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Bamboo leads $7 million round in credit scoring startup First Access

Bamboo Capital Partners (“Bamboo”), a leading impact investment private equity firm delivering social and financial value, has led the $7m Series A investment round in First Access, a cutting-edge fintech company that offers a smart data platform for analytics and credit scoring to lending institutions in emerging markets.

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PayPal sells US consumer loans to Synchrony Financial

PayPal Holdings, Inc. (NASDAQ: PYPL) and Synchrony Financial (NYSE: SYF) today announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution.

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Kabbage gets $200m revolving credit facility from Credit Suisse

Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced a new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution.

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B2B payments platform PayStand closes $6m Series A round

PayStand, the B2B payment platform for the future of business, today announced a $6M Series A round led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE and Capital for Founders.

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Visible Alpha buys Alpha Exchange

Visible Alpha announced today the acquisition of Alpha Exchange, an innovative research discovery and management platform for investment professionals.

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Ingenico closes Bambora acquisition

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, today announced the closing of Bambora’s acquisition, after obtaining approval from the relevant regulatory and antitrust authorities.

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Mizuho to cut 19,000 jobs, close 100 branches in long-term restructuring

Japanese financial service giant Mizuho has set out a ten-year blueprint to downsize its branch network and cut swathes of jobs as it prepares for a long-term battle to retain its dominant position in an age of new competition and low-cost technology.

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Innovate UK moves into startup lending

Small businesses with ground breaking ideas will be able to access new innovation loans from today, Innovate UK has announced.

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Monzo scores £71 million funding round

Digital challenger bank Monzo has raised £71 million from Goodwater Capital, Stripe and Michael Moritz,

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Challenger bank Aldermore recommends £1.1bn takeover offer

The board of UK challenger bank Aldermore has recommended a £1.1 billion takeover offer from South African financial services firm FirstRand.

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Sequoia India leads Series B funding round for investment research outfit Smartkarma

Smartkarma, Asia’s largest provider of independent investment research, today announced it has closed a Series B round of financing led by Sequoia India, which brings the company’s total funding to US $21 million.

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Cboe Global Markets buys Silexx Financial Systems assets

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) today announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates an innovative multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S.

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ISignthis completes $6.5 million placement

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX | DE : TA8) (“the Company”), the global leader in enhanced payments incorporating AML/CFT KYC Regtech compliance technology, is pleased to announce that it has placed up to Six point Five Million dollars (AUD$6.5million)* to institutional and sophisticated investors.

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BNP Paribas insurance arm invests in blockchain startup Stratumn

Stratumn, a leading provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, announces today a raising from C. Entrepreneurs, the venture capital fund created by the insurer BNP Paribas Cardif in partnership with Cathay Innovation, as part of its extended Series A funding.

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Euronext takes stake in LCH SA

Euronext, the leading pan-European exchange in the Eurozone, announces the signing of the renewal of its agreement with LCH SA on the continued provision of derivatives and commodities clearing services for a period of 10 years.

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Aus social finance app Finch secures $2.25 million in seed financing

Finch, ‘a financial app for your social life’ has secured $2.25m in seed funding just three months after launch.

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ai buys SmartCentric

The ai Corporation (ai) has acquired SmartCentric Technologies International Limited (SmartCentric) for an undisclosed sum.

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Finnish finance sharing app Bankify scores seed funding

Reech Corporations Group has agreed a major seed investment in Finland-based social finance sharing app Bankify to fund an initial commercial roll-out in selected markets.

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ICE sells Trayport to TMX Group

Intercontinental Exchange has agreed to sell energy trading technology shop Trayport to Canadian exchange operator TMX Group in a deal worth around £550 million.