Search Results for: long-term financing

QuEra Computing Reports $230M Financing to Enable Quantum Computing Advancements

QuEra Computing, the firm focused on neutral-atom quantum computing,Ā  announced it has completed a financing of more than $230 million. The funds will be used to accelerate the development and production of large-scale, fault-tolerant quantum computers, “reinforcing the companyā€™s position at the forefront of quantum… Read More

Troubled German Fintech Solaris Secures Financing to Maintain Operations

Solaris SE, Europeā€™s embedded finance platform, announced the securing of its Series G funding round. This, after facing significant operational challenges during the past year. The investment round with a total volume of ā‚¬140 million was led by SBI Group and Boerse Stuttgart Group, with… Read More

LBP AM European Private Markets Introduces Long-Term Investment Fund (Eltif) 2.0 Strategy

LBP AM European Private Markets has introduced its inaugural European long-term investment fund (Eltif) 2.0 strategy alongside the establishment of a Capital Solutions center of expertise. This initiative, LBPAM Private Opportunities, is designed to cater to life insurance and pension savings, focusing on three key… Read More

Furaha Secures $10m in Push to Expand Education Financing in Africa

Furaha, a purpose-driven lending platform aimed at boosting financial access across sub-Saharan Africa, has raised $10 million through a joint investment by SC Ventures, Standard Charteredā€™s innovation and fintech investment arm, and Yabx Technologies (Netherlands) B.V. SC Ventures contributed $7 million, while Yabx, part of… Read More

The Jifiti Group CEO Comments on How Lenders Can Create Financing Offerings that Resonate with Consumers’ Preferences

As US consumers had prepared to spend an estimated $18.5 billion on BNPL services this holiday, banks had faced a crucial challenge: how can they offer flexible lending without contributing to worsening debt cycles? With over 10 years of experience in the Fintech world, and… Read More

European Central Bank Update on Access to Finance: Firms Report Tightening of Financing Conditions

The European Central Bank (ECB) has released a survey on the Access to Finance of Enterprises: firms report moderate tightening of financing conditions. As noted in the update shared by the European Central Bank, firms reported little changes regarding the availability of bank loans. However,… Read More

BSI Launches AI Tool to Predict Mortgage Refinancing

Mortgage fintech platform BSI Financial Services has introduced Portfolio GuardianSM, an artificial intelligence-driven model that predicts the likelihood of borrowers refinancing their mortgages within a 90-day window. This AI tool generates an accurate prepayment score for each borrower in BSI’s portfolio, providing the company and… Read More

Pakistan’s Digital Operator Jazz Reportedly Secures Nationā€™s Largest Long-Term Private Sector Syndicated Credit Facility

VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in Pakistan, has secured the countryā€™s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. USD 270… Read More

GetVantage, Indiaā€™s Alternative Financing Platform, Introduces Rise-Up Fund to Support Women Entrepreneurs

GetVantage, Indiaā€™s alternative-financing fintech platform, announced the launch of its Rise-Up Fund, dedicated to supporting women entrepreneurs with inclusive capital. This non-dilutive fund with an initial corpus of $12 million. The fund aims to deploy the capital in “the next 12 months to help over… Read More

Maybank Expands Wealth Management Business with Islamic Portfolio Financing Solution

Maybank through its Islamic Banking arm, Maybank Islamic Berhad recently launched the Shariah-compliant portfolio financing solution, “making it the first Islamic bank in the country to do so, adding to the myriad of offerings for wealth creation and wealth accumulation under the Bankā€™s Islamic Wealth… Read More

Europe’s CaixaBank to Support Construction Financing of PPP Project Frankfurt Judiciary Center

CaixaBank and KfW IPEX-Bank are jointly providing HOCHTIEF financing for the interim construction financing of the PPP project Frankfurt (Germany) judiciary center. The project volume is in the low three-digit million range and “includes the parallel construction of two new judicial buildings in the Frankfurt… Read More

Nubank Subsidiary Approved by Financial Superintendence of Colombia to Operate as Financing Firm

Nu Colombia, a subsidiary of Nubank (NYSE:NU) in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only “marks a significant milestone for Nu Colombia but also paves the way… Read More

Scalable Capital, a Digital Investment Platform in Europe, Finalizes Equity Financing Round

Scalable Capital, a digital investment platform in Europe, announced the closing of a ā‚¬60 million in equity financing. The Series E extension was led “by European venture capital firm Balderton Capital with participation from existing investors, including HV Capital – underscoring their strong support for… Read More

Liberis, an Embedded Finance Solutions Provider, Secures $112M in Debt Financing to Enable Growth in North America and Europe

Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.” This collaboration is set “to inject a… Read More

Funding for US Small Businesses: Bank of America Provides Financing to Veteran Loan Fund

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

IFC Proposes ā‚¬150m Sustainability-Linked Financing for Lion’s Head Investments

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a sustainability-linked financing package of ā‚¬150 million to support Lionā€™s Head Investments AD (LHI), a commercial property investment platform in Bulgaria and Romania. The investment will be used for the acquisition… Read More

MPOWER Financing Completes B Corporation Certification

This milestone reflects MPOWERā€™s continued commitment “to socio-economic mobility for bright minds across the globe.” MPOWER Financing, a mission-driven fintech firm and a provider of scholarships and no-cosigner loans to promising students from around the world, announced today that it has completed a 2-year process… Read More

European SME Financing: Silvr Signs Securitized Facility of Up to ā‚¬200M with Citi, Channel

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More

PayPal, KKR Announce Long-Term Cooperation for European Pay Later Receivables

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a ā‚¬3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to ā‚¬40 billion of buy now,… Read More

Singapore-based Fintech Pilon Secures Funding from Kaya Founders, Set to Enhance Supply Chain Financing Platform

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

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