Tagged: financing

April 3, 2018 @ 9:21 am By Samantha Hurst  |  

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

March 2, 2018 @ 2:11 pm By Samantha Hurst  |  

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

December 22, 2017 @ 12:42 pm By Samantha Hurst  |  

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

July 18, 2017 @ 9:02 am By Samantha Hurst  |  

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

July 7, 2017 @ 11:18 am By Samantha Hurst  |  

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

July 5, 2017 @ 1:41 pm By Samantha Hurst  |  

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

June 30, 2017 @ 11:37 am By Samantha Hurst  |  

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

March 29, 2017 @ 9:05 am By Samantha Hurst  |  

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

March 15, 2017 @ 4:42 pm By Samantha Hurst  |  

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

March 9, 2017 @ 9:10 am By Samantha Hurst  |  

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

March 6, 2017 @ 11:19 am By Samantha Hurst  |  

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

March 6, 2017 @ 10:23 am By Samantha Hurst  |  

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

December 22, 2016 @ 9:04 am By Samantha Hurst  |  

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

October 6, 2016 @ 10:02 am By Samantha Hurst  |  

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

September 13, 2016 @ 8:30 am By Erin Hobey  |  

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

September 7, 2016 @ 10:30 am By Samantha Hurst  |  

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

June 29, 2016 @ 9:41 am By Samantha Hurst  |  

On Wednesday, consumer finance technology company Kreditech announced the launch of its new business line, Online Point of Sales (POS) Financing. The first client, PayU Global BV, is a payment services provider and the e-payments division of Naspers Ltd., deploys Kreditech’s B2B2C solution. In the… Read More

March 22, 2016 @ 3:26 pm By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Tuesday that it has formed a partnership with transportation finance firm and provider of equipment financing/leasing solutions, Advantage Funding. Biz2Credit revealed that through the partnership, Advantage Funding will utilize the acquisition channels on the small business lending marketplace… Read More

March 21, 2016 @ 9:50 am By Samantha Hurst  |  

Online lender, Avant, announced on Monday that it is expanding its user reach by launching of its latest financial product, direct to consumer auto refinance loans. According to the website, the auto refinancing products will provide users with a new way to manage their finances and also lower monthly auto… Read More

December 29, 2015 @ 2:38 pm By Samantha Hurst  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the U.S., recently released a new infographic that shares details about small business financing. The platform revealed that out of 28 million U.S. small businesses 44% of owners want financing but can’t get the right… Read More