Tagged: financing

Integrated Payment Processing & Marketing Platform Fivestars Raises $52.5 Million Through Combined Series D Equity & Debt Financing

Fivestars, a U.S.-based integrated payment processing and marketing platform, recently announced it raised $52.5 million in a combination of Series D equity and debt financing. Founded in 2011, Fivestars claims to be a leading payment and customer loyalty platform for small local businesses. The company… Read More

Nav, a Machine Learning enhanced Financing Platform for SMEs, Adds Real-Time Business Data Analytics, Other Major Updates

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Nav, an intelligent and easy-to-use financing platform for SMBs, revealed on September 22, 2020, that it has developed a more enhanced or improved solution. Nav noted in a release shared with CI that it has added real-time business data analysis and bank account connectivity. The… Read More

Tech-Enabled Financing Platform For SME Latin American Exporters Marco Financial Raises $26 Million in Funding & Credit

Marco Financial, a U.S.-based tech-enabled financing platform built for small and medium-sized (SME) Latin American exporters, announced on Monday it raised $26 million in funding and credit. The funding includes an equity round, led by Struck Capital and Antler, as well as a credit facility underwritten by Arcadia… Read More

Online Lender October Financed 100 Projects during July and August 2020, On Track to Finance 1000th Project by Next Month

October, a leading European online lender, notes that in the past 5 years, it has issued over 450 million euros in loans to different companies. The marketplace lender reveals that 100 projects, or 10% of all projects that have received loans through its platform, were… Read More

Circle Teams Up With Genesis to Advance Adoption of Stablecoins in Mainstream Finance

Global fintech Circle announced on Thursday it has joined forces with digital asset prime brokerage firm Genesis to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. According to Circle and Genesis, the partnership includes a $25 million investment of capital into Circle… Read More

NYMBUS Secures $12 Million in Growth Funding

NYMBUS, a U.S. financial service platform provider, announced on Tuesday it secured $12 million through its latest investment round, which was led by Insight Partners and Vensure Enterprises. NYMBUS claims it provides the world’s most advanced revenue and technology solutions for today’s financial institutions. Its… Read More

Almond Impact Set to Close Crowdcube Round With More Than £540,000 in Funding Secured

Almond Impact, a UK-based environmental startup, is set to close its equity crowdfunding campaign on Crowdcube with more than £540,000 raised. The campaign was launched last month, originally seeking £500,000. As previously reported, Almond claims to be the first app that empowers anyone to become… Read More

Standard Chartered Completes First Impact-Focused Subscription Finance Facility

  Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it completed its first-ever sustainable use of proceeds subscription finance facility. According to Standard Chartered, funds will be drawn by the manager and will be… Read More

UK Startup Almond Impact Surpasses £500,000 Funding Target on Crowdcube For Mobile Financing App that Helps Individuals & Businesses Reduce Carbon Footprints

Almond Impact, a UK-based environmental startup, has successfully secured its initial £500,000 funding target through its Crowdcube campaign. The company launched the funding round at the beginning of May and is offering 11.54% in equity at a £3,976,200 pre-money valuation. So far, the campaign has… Read More

Former PayPal CEO Bill Harris’ Digital Banking Service “One” Secures $17 Million Through Series A Financing Round Led By Foundation Capital

One, a U.S.-based digital banking service, announced on Tuesday it secured $17 million through its Series A investment round, which was led by Foundation Capital with participation from Core Innovation Capital and Obvious Ventures. One was co-founded by Bill Harris, former CEO of Intuit, founding… Read More

Indian Fintech U GRO Capital, an Online Lending Platform for SMEs, Launches New Product to Help Women Entrepreneurs

India-based Fintech industry participant U GRO Capital aims to assist women business owners by offering them convenient access to working capital. U GRO Capital is an online lending platform that focuses on small and medium-sized (SME) businesses. The firm has introduced an unsecured lending product,… Read More

Real Estate Crowdfunding Platform EstateGuru Now Financing First Project in Germany

Pan-European marketplace for short-term SME property-backed loans EstateGuru announced on Thursday it has just approved and published the first German project on its funding portal. According to EstateGuru, the first German project is in Sindelfingen, which is close to Stuttgart, and the borrower is an… Read More

Wells Fargo Strategic Capital Joins Cryptocurrency Platform Elliptic’s Financing Round, Bringing Total Series B Investment to $28 Million

Elliptic, a  provider of cryptoasset risk management solutions, announced on Thursday Wells Fargo Strategic Capital (WFSC) has joined its Series B funding round, bringing the total amount raised to over $28 million.  The investment round’s participants also included SBI Group and Santander InnoVentures.  Founded in… Read More

TD Bank’s Latest Survey Reveals Finance Professionals Are Split on Potential Economic Recession

U.S. banking group TD Bank announced on Tuesday its recent survey revealed that half of corporate treasury and finance professionals do not believe an economic recession is a threat in 2020. According to the survey, payments fraud and cyber security risk are high on the… Read More

Online Lending Platform October Celebrates One-Year Anniversary in the Netherlands

October Nederland, a financing platform for small and medium-sized enterprises (SMEs) in Europe, celebrated its one-year anniversary on October 31, 2019. The firm’s application to operate as a Netherlands-based lending platform was approved last year by the Dutch Authority for the Financial Markets. October (formerly… Read More

UK Fintech Provider Sonovate Raises £110 Million in Debt & Equity Financing

Sonovate, a UK-based fintech provider, announced on Monday it raised £110 million through its latest debt and equity financing round, which was led by M&G Investments, MXB Holdings Inc, Dawn Capital, and Rocket Internet SE. Founded in 2012, Sonovate reported it has created an end-to-end… Read More

TD Bank’s Latest Survey Reveals: Stagnant Corporate Systems, Cybersecurity Continue to Plague Payments Professionals

 TD Bank announced on Tuesday its latest survey reveals cyber fraud and technological solutions are top of mind for finance and treasury professionals. According to TD Bank, 42% of respondents cited organizations’ struggles to improve legacy systems as the greatest challenge facing payments professionals. Last… Read More

OnDeck Teams Up With Upserve For Restaurant Financing

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it has formed a new partnership with  Upserve, a restaurant management platform, to provide Upserve’s restaurant customers with online financing options from its website. According to OnDeck, more than 10,000 restaurants currently use… Read More

U.S. Fintech Lendbuzz Secures $150 million in Debt & Equity Financing

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Lendbuzz, a U.S.-based fintech company that aims to disrupt the existing car financing market using machine learning algorithms, announced on Monday it secured $150 million in debt and equity financing. The company reported that this latest funding round was led by 83North with significant participation from existing… Read More

Chinese P2P Lender Hexindai Set to Launch Consumer Installment Financing Platform

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday it is set to launch a new consumer installment financing platform, called “Hexin Installments.” According to Hexindai, the platform will offer carefully curated categories for installment financing, such as electronic products, education, and travel products… Read More

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