Tagged: financing

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

September 21, 2020 @ 2:45 pm By Samantha Hurst  |  

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

September 19, 2020 @ 9:55 am By Omar Faridi  |  

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

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