Tagged: financing

July 30, 2020 @ 10:21 am By Samantha Hurst  |  

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

June 10, 2020 @ 7:28 am By Samantha Hurst  |  

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

June 4, 2020 @ 7:42 am By Samantha Hurst  |  

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

May 29, 2020 @ 3:17 pm By Samantha Hurst  |  

  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

May 18, 2020 @ 4:23 pm By Samantha Hurst  |  

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

March 17, 2020 @ 10:09 pm By Samantha Hurst  |  

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

March 10, 2020 @ 9:31 pm By Omar Faridi  |  

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

March 5, 2020 @ 8:16 am By Samantha Hurst  |  

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

February 13, 2020 @ 10:22 pm By Samantha Hurst  |  

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

January 21, 2020 @ 12:12 pm By Samantha Hurst  |  

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

November 14, 2019 @ 7:35 am By Omar Faridi  |  

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

September 9, 2019 @ 3:45 pm By Samantha Hurst  |  

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

August 27, 2019 @ 10:21 am By Samantha Hurst  |  

 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

July 17, 2019 @ 8:46 am By Samantha Hurst  |  

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

July 15, 2019 @ 8:42 am By Samantha Hurst  |  

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

July 2, 2019 @ 3:08 pm By Samantha Hurst  |  

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

April 25, 2019 @ 2:34 pm By Samantha Hurst  |  

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

April 8, 2019 @ 9:11 am By Samantha Hurst  |  

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

April 8, 2019 @ 9:00 am By Erin Hobey  |  

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

March 27, 2019 @ 2:35 pm By Samantha Hurst  |  

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