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/startups

Funding Circle alumni Alex Austin launches Paddock Capital

Today marks the official launch of Paddock Capital, a commercial finance brokerage specialising in helping accountants and business advisers source and secure the right funding solutions for their clients. With a focus on personalised service and tailored financial solutions, Paddock Capital aims to simplify the complexities of commercial finance for small businesses across the UK

/markets

MNT-Halan acquires Tam Fina

MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed.

/people

Target appoints Rob Hanks as product manager

Leading originations expert, Rob Hanks, has joined Target Group as product manager, the latest in a wave of key specialists appointed to form its Originations team.

/payments

Airwallex partners Float on bill payments for Canadian businesses

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions.

/payments

BofA CashPro app surpasses $500bn in payment approvals

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years.

/cloud

Archera secures $17 million Series B

Archera, a leading provider of cloud purchasing and management solutions, announced today closing a $17 million Series B round accompanied by access to over $100 million in reinsurance capacity.

/people

Wealthify appoints new CEO, Richard Amrbose

Wealthify today announces the appointment of a new CEO, Richard Ambrose, formerly of Azimo, PayPal, and eBay.

/markets

Plato Partnership and Turquoise sever ties

Plato Partnership, the not-for-profit member association at the forefront of driving innovation in the equities marketplace, and Turquoise, a pan-European trading platform majority owned by LSEG (London Stock Exchange Group), in partnership with the user community, have announced that their commercial partnership will conclude in 2025.

/payments

Kasheesh rolls out 'Multi Use Card'

With the Multi Use Card, instead of having a new card number generated for each purchase, shoppers will have the ability to make recurring purchases on the same card.

/retail

Latest property data trust framework helps digitise conveyancing

The Open Property Data Association (OPDA) has released the newest version of its property data trust framework which, among other benefits, will help key conveyancing information to be provided digitally. It will be easier for consumers to view a comparable list of conveyancer quotes, bringing greater choice to the market.

/sustainable

CreditNature and ValueNature forge partnership

CreditNature, the leading green fintech solution, and ValueNature, a pioneer in nature-based credits, are excited to announce a strategic partnership aimed at integrating their innovative frameworks and methodologies.

/payments

Sage integrates with Stripe to improve cash flow management for SMEs

Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announced an expansion of its partnership with Stripe, a financial infrastructure platform for businesses, to help improve cashflow management and payment processing for SMBs.

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