General News

December 16, 2016 @ 4:53 pm By Samantha Hurst  |  

Less than a week after LendingTree launched its $50,000 small business grant contest; Bizfi announced it has teamed up with the online lender for the contest. According to Bizfi, LendingTree is one of the 45 funding partners of its marketplace for small business finance. LendingTree stated… Read More

December 16, 2016 @ 4:01 pm By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Friday it has launched new cash pick up services in Ethiopia and Uganda. This news comes after the company revealed it was now offering its service in Russia.  With the WorldRemit app or website, people in more than 50 countries… Read More

December 16, 2016 @ 3:52 pm By Samantha Hurst  |  

Last week, Crowdcube success Monzo announced the launch of Monzo.Me on iOS. The company stated that the new app will help users collect money from others with a worry-free process. Sharing details, the Monzo team stated: “Collecting money from other people has always been a pain. Whether… Read More

December 16, 2016 @ 9:51 am By Samantha Hurst  |  

Maven Capital Partners,  a UK-based venture capital trusts (VCT) and private equity firm, announced on Friday the Maven Income and Growth VCT 6 has launched a new VCT Offer, which is limited to £6m in new subscriptions.  Maven VCTs have reportedly launched a series of successful VCT fundraisings in… Read More

December 16, 2016 @ 9:22 am By Samantha Hurst  |  

On Thursday, small business financing marketplace Nav announced Bank of America has officially joined its platform. The lender revealed it now has the most business financing options available in one location, streamlining access to over 100 business credit cards and business loan products. According to… Read More

December 15, 2016 @ 2:54 pm By Samantha Hurst  |  

Small business lender, Merchant Money Company (MMC), announced on Wednesday it appointed Lynn Fernandez as its new Chief Credit Officer. Fernandez reportedly joins MMC from VEDC, where she was Vice President of Lending for more than five years. She was responsible for leading the firm from a… Read More

December 15, 2016 @ 10:48 am By Erin Hobey  |  

Filippo Loretti co-founders and brothers Danielius and Matas Jakutis launched their Kickstarter campaign on 17 November, quickly securing over €200K from the crowd in 24 hours.  With a few hours remaining on their campaign the brothers have now raised over €4,462,100 from more than 17,277 backers.  Quite… Read More

December 15, 2016 @ 9:57 am By Samantha Hurst  |  

Consumer finance technology group, Kreditech, announced on Thursday it received a €10 million equity investment from Rakuten, Inc. The company stated it plans to use the new funds to further develop its partnership business. Alexander Graubner-Müller, founder and CEO of Kreditech, explained that Rakuten invested… Read More

December 15, 2016 @ 9:54 am By Erin Hobey  |  

Yello Financial Group, a Korean fintech company backed by Formation Group, announced a corporate name change to DAYLI Financial Group (“DFG”). In less than two years since founding, the company launched over 30 fintech products and onboarded dozens of marquee clients including AXA, SK Securities,… Read More

December 15, 2016 @ 9:18 am By Erin Hobey  |  

LendIt, the global lending and fintech conference series, today announced its partnership with 500 Startups for PitchIt 2017, a leading global competition for fintech startups who can earn mentorship, endorsement and exposure to leading institutions, investors and press. “Innovation has never been more important for… Read More

December 15, 2016 @ 9:02 am By Samantha Hurst  |  

Maven Capital Partners (Maven), a UK-based private equity firm, announced on Thursday it completed a £1.1 million investment in developer and operator of specialist online investment and capital crowdfunding platforms, Growth Capital Ventures (GCV), which was funded through its managed Venture Capital Trusts. According to… Read More

December 15, 2016 @ 8:57 am By Erin Hobey  |  

Duco, a global fintech platform that provides data control services, today announced a new agreement with Currencycloud, an international payments engine. Currencycloud will use Duco Cube, a self-service data control platform, for operational functions including cash, trade-to-cash, and bank cash flow reconciliations. “We are excited to… Read More

December 14, 2016 @ 2:32 pm By Samantha Hurst  |  

SmartBiz Loans, an online SBA marketplace and bank-enabling technology platform, announced on Wednesday it will now offer SBA 7(a) Commercial Real Estate (CRE) Loans up to $5 million to eligible business owners based in the U.S. According to the company, the CRE loans are now available… Read More

December 14, 2016 @ 11:52 am By Samantha Hurst  |  

  Last week, SoFi, one of the largest online lenders in the US, made a special appearance on the hit talk show The Ellen Show and offered the audience a bit of a surprise. As previously reported, SoFi describes itself as a “modern finance company.” Its mission has… Read More

December 14, 2016 @ 10:00 am By Samantha Hurst  |  

On Wednesday, Bizfi announced it has expanded its business lending capabilities with a new funding partnership with InterNex Capital, an asset-based digital lender. According to the company, this partnership will allow small to mid-sized businesses in manufacturing, wholesale, trucking, business and consulting services to apply for and… Read More

December 13, 2016 @ 1:52 pm By Samantha Hurst  |  

Online angel investment platform Propel(x) announced on Tuesday CEO and co-founder, Swati Chaturvedi, was presented the 2016 World Technology Award (WTN) in the “Finance” category. According to Propel(x), the 2016 World Technology Awards winners were some of the most influential and impactful innovators in science… Read More

December 13, 2016 @ 12:14 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest small business lending index, which reportedly revealed that loan approval rates at big banks and institutional lenders continued their recent surge and improved to new highs last month (November 2016). The monthly analysis was conducted on over 1,000 small… Read More

December 13, 2016 @ 11:07 am By Samantha Hurst  |  

On Tuesday, fintech firm Even Financial announced it increased loan originations by 205% quarter over quarter since the beginning of 2016. The company reported that, with more than $1.5 billion in loan requests, its platform has grown to serve over one million customers with its… Read More

December 13, 2016 @ 6:31 am By Erin Hobey  |  

Gurugram, India-based platform for enabling debt-financing for small businesses Indifi has raised $10 Mn in a Series B funding round led by Omidyar Network. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments toward… Read More

December 13, 2016 @ 6:16 am By Erin Hobey  |  

Irish fintech startup FXCH Ltd., the Spot-FX Clearing House, which in July settled the first FX trade on the Blockchain, seeks €1,000,000 financing on Seedrs for 4.76% equity offered. Because FXCH has a permanent base in London, the €20M valued platform may benefit from the UK’s S/EIS tax credit… Read More