Tagged: financing

StreetShares Relocates Headquarters In Order to Accommodate Growth

Financing military veteran-owned small businesses lender StreetShares announced on Tuesday it has relocated its Virginia headquarters in order to accommodate the growth of its team. The lending platform’s headquarters will now be located at 1900 Campus Commons Drive #200 in Reston, Virginia. Founded in 2013, StreetShares describes itself as America’s… Read More

Deutsche Bank Partners With Allianz & Auto1 to Launch Car Financing Platform “Auto1 FinTech”

Deutsche Bank announced on Tuesday it has teamed up with Allianz and Auto1 to launch a new fintech called “Auto1 FinTech,” which will offer financing and insurance products to automobile dealerships buying and selling used vehicles via Auto1. The three partners closed the deal last Friday…. Read More

Zurich Insurance Group Acquires Minority Stake in Insurtech Startup CoverWallet

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

SuperMoney Debuts Point of Sale Financing Platform For Small Business Growth

U.S. fintech startup SuperMoney announced on Monday it has launched its new No-Fee Financing Platform that offers point of sale financing opportunities for small businesses nationwide. The company reported that the platform making point of sale financing available for merchants and service providers across all industries including home… Read More

BitPay Secures $40 Million Through Extended Series B Funding Round

Blockchain payments technology platform BitPay announced it has secured $40 million through its extended Series B funding round, which included participation from Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an affiliate of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klaus Family Office,… Read More

Chinese Fintech Wecash Raises $160 Million During Series D Funding Round Led By ORIX Asia Capital & SEA Group

Wecash, a China-based fintech and big data tech company, announced on Friday it secured $160 million during its latest Series D funding round, which was led by ORIX Asia Capital and SEA Group, with participation from SIG, Sagamore, Forebright, Lingfeng Capital and Hongdao Capital.  Founded… Read More

UpLift Increases Lending Capacity to $200 Million, Closes $90 Million Financing, & Continues to Add Travel Partners

Travel financing platform UpLift announced on Thursday it is expanding its lending capacity to $200 million and close financing of $90 million as its UpLift Pay Monthly feature gains rapid adoption across the travel industry. UpLift reported its $75 million credit facility is in partnership with… Read More

New York Fintech Firm EquityZen Secures $6.5 Million During New Financing Round Led By Draper Associates

EquityZen, a New York-based fintech firm that operates a secondary marketplace for company-approved transactions in pre-IPO stock announced on Tuesday it secured $6.5 million during its latest financing round, which was led by Draper Associates. According to the company, the latest financing deal comes as private… Read More

The Hive Project ICO Secures Over $1.5 Million; Warns Contributors of Scammers

Just days after launching its ICO, The Hive Project announced the round has successfully secured $1.5 million from nearly 900 participants. This news comes after the first unveiled its new cryptocurrency-based invoice financing platform. As previously reported, the company boasts itself as the first cryptocurrency… Read More

The Hive Project Debuts New Cryptocurrency-Based Invoice Financing Platform

The Hive Project announced last week the launch of its cryptocurrency-based invoice financing platform. This news comes just days before the company launched its ICO. The company boasts itself as the first cryptocurrency invoice financing platform. It notably provides new financial liquidity to small businesses… Read More

Pelican Auto Finance Selects Fintech Startup Payix to Provide Car Loan Collection Tools

Texas-based fintech startup, Payix, announced this week that it was selected by Pelican Auto Finance to provide its collection tools, which will also include its new mobile collections application. According to the company, the tools are being designed to help Pelican better connect with its… Read More

Fintech Company BlueVine Celebrates Third Year Anniversary

Fintech pioneer BlueVine announced on Wednesday that this month marked its third year as an online provider of flexible and convenient working capital financing to small and medium-sized businesses. Launched in 2014, BlueVine’s platform offers 100% online invoice factoring service. The company reportedly funded nearly $200 million… Read More

Los Angeles Fintech Startup ProducePay Secures $7 Million in Equity & $70 Million in Debt Financing 

Los Angeles-based fintech startup ProducePay has secured $7 million in equity and $70 debt during its recent financing round, which was led by CoVenture with participation from Menlo Ventures, Arena Ventures, Red Bear Angels, and Social Leverage. ProducePay, which was founded in 2014, describes itself… Read More

LendingHome Debuts One-Stop Online Mortgage for First-Time Homebuyers

Marketplace lender, LendingHome, announced on Thursday it has launched its next-generation one-stop online mortgage that is designed specifically for the needs of first-time homebuyers. The online lender claims that its online mortgage is the first to prioritize the customer experience by putting control over the process… Read More

Coalition for Responsible Business Finance Joins Forces With The Innovative Lending Platform Association to Operate As One New Trade Organization

On Monday, the Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) they are joining forces and will now operate as one new trade organization that represents a diverse group of online lending and service companies serving small businesses. It was… Read More

LendingArch Unveils Real-Time Point of Sale Financing Loan Service for Medial Clinics

Canadian marketplace lending platform LendingArch announced on Monday launch of its new, real-time point of sale loan service for Canadian medical clinics and their patients. According to LendArch, patients may now apply for LendingArch’s point of sale financing either from their home or directly at a clinic location… Read More

Bizfi Milestone: Surpasses $2 Billion In Financing For Over 35,000 Small Businesses

On Thursday, Bizfi announced it hit a new milestone by surpassing $2 billion in financing, through both growth and working capital, to more than 35,000 small businesses across America. Launched in 2015, Bizfi’s marketplace provides small business owners with access to multiple finance options from over… Read More

Fintech Car Financing Company AutoGravity Forms Partnership With Mercedes-Benz Financial Services

Fintech car financing company, AutoGravity, announced on Wednesday it has formed a partnership with Mercedes-Benz Financial Services to bring the famous brand to its auto financing app. Founded in 2015, AutoGravity currently introduces app users with efficient, transparent auto financing processes. Its app is designed to allow car… Read More

Bizfi Survey Says SMEs Tap Alt Fin & Borrow More than in 2015 to Finance Growth & Jobs

The Small Business Growth Survey, which surveyed small businesses from around the country, was conducted by Bizfi, a fintech company with a platform that combines aggregation, funding and a marketplace for small businesses. The purpose of this survey was to gain insight into what small businesses… Read More

Zopa Teams Up With Fintech Startup Pariti to Help Millennials Pay Off Credit Cards

On Tuesday, UK money management app, Pariti, announced it has teamed up with peer-to-peer lending platform, Zopa, to help millennials pay off their credit cards. Pariti, which was authorized by the FCA this June, is currently seeking to be a “pioneer” a new “marketplace banking” model. Its app… Read More