Tagged: financing

May 24, 2021 @ 3:08 pm By Samantha Hurst  |  

ProducePay,  a U.S.-based financing, analytics, and marketplace startup for the fresh produce market, announced on Monday it raised $43 million through its Series C investment round, which was co-led by G2VP, IFC, and IDB with participation from Anterra Capital and Coventure, Astanor Ventures, IGNIA, and… Read More

May 19, 2021 @ 1:18 pm By Samantha Hurst  |  

  Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday its long-term financing options with Ally Lending, a personal lending arm of Ally Bank, the banking subsidiary of Ally Financial (NYSE: ALLY). Sezzle reported that the financing solution expands upon its core product, offering… Read More

April 25, 2021 @ 2:26 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, reveals that March 2021 was a “challenging” month for the platform but the team still reportedly managed to achieve several key milestones. Debitum writes in a blog post update that at the end of March 2021, the… Read More

April 23, 2021 @ 6:48 am By Samantha Hurst  |  

      BitGo, a digital asset financial services provider, announced earlier this week it has surpassed $700M of total Crime/Excess Specie insurance capacity. The company reported that in 2020, it claims it became the first digital asset custodian to offer clients the ability to… Read More

April 6, 2021 @ 7:33 am By Samantha Hurst  |  

Settle Group, a European mobile payments provider, announced on Tuesday it has partnered with Currencycloud, a provider of B2B embedded cross-border solutions, to add foreign exchange and cross-border payments for its invoice financing and factoring customers across Europe. Settle Group revealed that the partnership will… Read More

April 1, 2021 @ 9:49 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

March 31, 2021 @ 12:57 pm By Samantha Hurst  |  

  imToken, a Singapore-based blockchain technology company, announced on Tuesday it raised $30 million through its Series B financing round, which was led by Qiming Venture Partners, with participation from its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum… Read More

March 23, 2021 @ 12:44 pm By Samantha Hurst  |  

Jeff App, a Latvian fintech startup that provides a data-enabled loan brokerage platform for unbanked customers in Asia, announced on Tuesday it raised $1 million through its latest financing round led by the Estonian Business Angels Network (EstBAN) syndicate with participation from Startup Wise Guys,… Read More

March 15, 2021 @ 7:14 am By Samantha Hurst  |  

  PowerPay, a provider of home improvement financing, recently announced it has surpassed $1 billion in loan originations following its launch in December 2019. The company reported that through its network of 7,000 home improvement contractors, it has financed more than 50,000 projects nationwide with an average project… Read More

February 23, 2021 @ 10:56 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, notes that December 2020 was the month that “concluded a great year” for the platform. During 2020, Debitum managed to reach several key milestones: more than 3 million EUR outstanding portfolio, more than 20 million EUR of… Read More

February 3, 2021 @ 11:28 am By Samantha Hurst  |  

  TenureX, an Israel-based fintech startup, announced on Wednesday it has kicked off its pre-seed financing round by accepting a $1 million investment from VentureIsrael. According to TenureX, VentureIsrael will be partnering with previous investors Plug and Play and Hack VC. Founded in 2020, TenureX… Read More

January 29, 2021 @ 2:30 pm By Samantha Hurst  |  

  Synchrony  (NYSE: SYF) announced earlier this week it has reached a definitive agreement to acquire Allegro Credit, a provider of point-of-sale consumer financing for audiology products, dental services and musical instruments. According to Synchrony, Allegro Credit’s merchant network and customer base will join the health… Read More

January 15, 2021 @ 10:56 am By Samantha Hurst  |  

Drip Capital, a global fintech, announced on Friday it has financed more than US$1 billion of cross-border trade through its online platform.  Founded in 2015, Drip Capital is on a mission to solve the “work capital problem” for SME exporter using technology. “Trade finance is… Read More

January 2, 2021 @ 1:11 am By Omar Faridi  |  

The Lithuania-based Debitum platform, which offers borderless small business financing, was closed on December 31, 2020, for maintenance. Debitum’s management noted that as we enter the new year, Debitum also has “something new.” Debitum added that they had already informed their investors and business partners… Read More

December 17, 2020 @ 9:44 am By Samantha Hurst  |  

  HomeAdvisor, a digital home services marketplace operating business of ANGI Homeservices (NASDAQ: ANGI) announced on Thursday it has formed a partnership with Affirm, a flexible and transparent alternative to credit cards, to offer easy to understand flexible payment options for HomeAdvisor customers. HomeAdvisor is claimed to… Read More

November 25, 2020 @ 10:39 am By Samantha Hurst  |  

EarlyBird, a U.S.-based fintech gifting platform, announced on Wednesday it secured $2.4 million through its latest investment round, which was led by Network Ventures, with strategic participation from Chingona Ventures, Bridge Investments, Kairos Angels, Takoma Ventures, and Subconscious Ventures along with notable angel investors. Along with the investment, EarlyBird announced… Read More

November 19, 2020 @ 2:24 pm By Samantha Hurst  |  

Silicon Valley Bank (SVB) announced on Thursday it has entered into a multi-million risk retention financing agreement with fintech unicorn SoFi. According to SVB, the agreement provides financing to be used for SoFi’s risk retention bonds as part of their asset-backed securities (ABS) issuance requirements. SVB… Read More

November 9, 2020 @ 2:49 pm By Samantha Hurst  |  

Sugar, a UK-based financing platform that was created to provide capital to games and apps studios with growth ambitions, recently announced it secured £1.5 million through its pre-seed funding round, which was led by Passion Capital and included participation from Velo Partners as well as… Read More

October 19, 2020 @ 2:33 pm By Samantha Hurst  |  

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

September 24, 2020 @ 5:08 pm By Omar Faridi  |  

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