Tagged: financing

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

Brazilian Marketplace FinanZero Secures $11 Million Through Series B Funding Round

FinanZero, a marketplace for consumer loans in Brazil, announced on Thursday it secured $11 million through its Series B funding round. Participants of the round were Atlant Fonder, Dunross & Co, and Vostok Emerging Finance. As previously reported, FinanZero describes itself as an independent broker… Read More

OnDeck Now Offering Same Day Funding For Small Businesses

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday it will offer to fund and debit customer bank accounts with Same Day ACH transfers. According to OnDeck, same Day ACH transfers will provide qualified OnDeck Term Loan and Line of Credit customers… Read More

Exclusive: BlueVine CEO Eyal Lifshitz Shares Insight on New Simple Term Loan Financing (No Origination Fees)

Fresh from its new partnership with Nationwide, BlueVine, a provider of online working capital financing for small and medium-sized businesses, is adding term loan financing to its suite of online financing solutions. The BlueVine Term Loan seeks to provide small and medium-sized business owners fast… Read More

Hong Kong SME Financing Platform Qupital Secures $15 Million Through Series A Funding Round For Greater China Expansion

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it secured $15 million through its Series A investment round, which was led by CreditEase FinTech Investment Fund (CEFIF) with additional capital injections from the Alibaba Hong Kong Entrepreneurs fund and MindWorks Ventures. Qupital reported that it… Read More

Nationwide Announces New Partnership With BlueVine

Nationwide announced on Thursday it has teamed up with online small business lender BlueVine to offer the fintech’s financing to small businesses through Nationwide’s Business Solution Center. According to Nationwide, small businesses may have access to the online lending platform by applying through the BlueVine… Read More

PayPal Report: Backs UK Small Businesses with More Than £1 billion of Alternative Funding Through Working Capital Program

PayPal announced on Wednesday it has provided a huge £1 billion of finance to UK small businesses through PayPal Working Capital program.  According to PayPal, the alternative finance offering allows UK small businesses to apply for, and receive, a cash advance against future sales online… Read More

Standard Chartered Signs MOU With Linklogis For Supply Chain Financing Opportunities in China

Standard Chartered Bank announced on Tuesday it signed a memorandum of understanding (MOU) with Linklogis to explore opportunities to enhance its supply chain financing proposition and deepen client relationships in China. Standard Chartered reported that it will use Linklogis’ force as a digital blockchain-enabled supply chain… Read More

Beehive Forms New Partnership With Thanachart Bank to Launch SME Financing Program in Asia

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More

Alternative Small Business Finance Provider Capify Receives £75 Million Credit Facility From Goldman Sachs

Capify, a UK-based alternative small business financing provider, announced on Thursday it received a £75 million credit facility from Goldman Sachs Private Capital to support its future growth plans and provide working capital to thousands of Australian and British small businesses. Launched in 2008, Capify describes itself… Read More

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