May 1, 2024 @ 10:00 am By Tony Zerucha  |  

Baselayer, a B2B platform utilizing proprietary Graph AI technology to fight fraud and optimize business onboarding, today emerged from stealth with a $6.5 million seed round and an experienced team of compliance and machine learning experts. The company has secured more than 20 customers, including… Read More

 Tagged Baselayer, Eric Woodward, jason mikula, Jonathan Awad, LoanPro, Timothy Hyde

May 1, 2024 @ 8:04 am By Omar Faridi  |  

OakNorth, which says it is the digital bank for entrepreneurs, by entrepreneurs, has completed a £1.3m loan to Caissa Holdings, in support of its first commercial property acquisition in Scotland. The time-critical deal was completed within a month, “highlighting OakNorth’s execution and delivery capability.” Caissa… Read More

 Tagged banking, Caissa Holdings, digital bank, oaknorth bank, uk

May 1, 2024 @ 7:54 am By Omar Faridi  |  

Monument Bank is pleased to announce a significant milestone in their journey of growth. After reaching £1 billion in deposits on 3rd January this year, they have now reportedly “crossed the £2 billion mark in client deposits this morning, doubling their balances in less than… Read More

 Tagged banking, monument bank, uk, united kingdom

April 30, 2024 @ 11:50 pm By JD Alois  |  

Specialty lender Capify has received a $125 million credit facility from Pollen Street Capital. Capify is an online lender that offers financing solutions to SMEs seeking working capital. Originally started in the US, the company also serves the SME market in the UK and Australia…. Read More

 Tagged capify, online lending, sme's, uk, united kingdom

April 30, 2024 @ 8:16 pm By JD Alois  |  

LendingClub (NYSE:LC) reported Q1 earnings today, surpassing analyst expectations. According to the digital bank, net revenue during the quarter was $180.7 million, compared to $185.6 million in the prior quarter. While this was higher than Q4, it was far below Q1 of 2023 when the… Read More

 Tagged banking, digital bank, lendingclub

April 30, 2024 @ 7:35 pm By Omar Faridi  |  

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

 Tagged digital currency, digitalization, pakistan, virtual currencies

April 30, 2024 @ 2:04 pm By JD Alois  |  

Blend Labs (NYSE:BLND), a cloud banking platform, has raised $150 million in financing from PE firm Haveli. As part of the deal, Brian Sheth, Haveli’s CIO, will join Blend’s board of directors. The funding comes in a Series A convertible with a 0% coupon. The… Read More

 Tagged banking, banking as a service, blend, ft partners

April 30, 2024 @ 10:26 am By Omar Faridi  |  

UK small business hiring continued to show signs of recovery in the face of a challenging macroeconomic environment, with employment rising 1.4% year-on-year (y/y) in the first quarter of the year (January-March 2024). According to the latest Xero Small Business Insights (XSBI) data from global… Read More

 Tagged research, small businesses, uk, united kingdom

April 30, 2024 @ 10:24 am By Tony Zerucha  |  

Payhawk, a global spend management solution for domestic and international businesses throughout the United States, United Kingdom, and Europe, this week announced a new integration with American Express. It offers U.S. business and corporate card members the ability to issue virtual cards with built-in spend… Read More

 Tagged american express, hristo borisov, payhawk, spend management

April 30, 2024 @ 8:51 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses with a fiat-to-crypto onramp, now supports the Avalanche C-Chain. Retail users can purchase AVAX directly through Stripe, “removing the need to go through an exchange.” Available to U.S. Stripe’s fiat-to-crypto onramp is “a customizable widget embedded into Avalanche… Read More

 Tagged avalanche, distributed ledger technology, fintech adoption, stripe