Tagged: financing

Egyptian Fintech MNT-Halan Closes $130M Securitization

MNT-Halan has reportedly closed a $130 million securitization. As Egypt’s “first” unicorn and “fastest-growing” fintech, they’ve now “raised over US$ 400m in 2023, and target US$ 550 by the year’s end.” MNT-Halan has closed five tranches of securitized bond issuances “through its microfinance and consumer… Read More

Funding for US Small Businesses: Bank of America Provides Financing to Veteran Loan Fund

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

Fintech Startup Black Ore Raises $60M to Bring AI to Financial Services

Black Ore, an AI platform for financial services, launched today and announced $60 million in financing led by a16z and Oak HC/FT. The company plans to use the funds from the investment round to onboard new customers, “grow its team, and accelerate the development of… Read More

Mindaugas Mikalajūnas, CEO at SME Finance: Industry Exec Explains How Fintech Can Enhance SME Sector 

We recently spoke with Mindaugas Mikalajūnas, Cо-Founder and CEO of SME Finance, a Vilnius-based Fintech reinventing growth financing for small and medium enterprises (SMEs) across Europe. SME Finance aims to fill a gap left by risk-averse banks and high-cost alternative lenders. Led by Mikalajūnas with… Read More

Insurtech Cowbell, a Cyber Insurance Provider for SMEs, Announces New Financing

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced significant momentum and new financing on the heels of its top-grossing quarter and amid continued corporate growth. Cowbell’s new financing builds on its $148M raised to-date. Cowbell announced a new investment… Read More

PayPal Invests in Funds Promoting Women’s Economic Empowerment in Southeast Asia

PayPal Holdings, Inc. announced its investment in the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) by Sweef Capital and Quona Opportunity Fund. This collaboration aims to propel women’s participation in global economics and finance. This strategic move is a part of PayPal’s pledge to support… Read More

Fintech InvoiceMate Announces Migration from Hyperledger Fabric to Internet Computer Blockchain

InvoiceMate is a blockchain & AI-powered invoicing platform that acts as a bridge between SMEs and financing institutions. InvoiceMate leads to easier financial inclusion “by enabling SMEs access to various forms of credit like invoice discounting, factoring, Buy Now Pay Later (BNPL), and supply chain… Read More

CrowdProperty Funds £100M in Property Development Projects During Last Quarter

While the summer may traditionally be a quieter time of the year for many businesses, CrowdProperty says that it bucked the trend by funding £100 million in property development projects within the last quarter. The CrowdProperty team of experts claims that they “continued to be… Read More

Eranovum, a Spanish Group Streamlining the Energy Transition, Secures €132M with Assistance from CaixaBank

CaixaBank was the exclusive financial adviser to secure €132 million in financing for Eranovum, a Spanish group that is working “to streamline the energy transition, and its international partners Noy Fund and Nofar Energy.” This financing will be “allocated to develop the solar plant in… Read More

Real Estate Report: Increased Rates have Translated into Higher Debt Costs that have Moderated Achievable Returns in Property Markets

Six months into 2023, private real estate was still “weathering ongoing macroeconomic headwinds,” according to an update shared by Pitchbook. In the US, the federal funds rate “has steadily increased since March 2022, hovering within a range of 5.0% and 5.25% as of the end… Read More

New Delhi based SATYA MicroCapital Secures $60M Debt Funding from Japan’s Sumitomo Mitsui Banking Corporation

SATYA MicroCapital Limited has reportedly secured INR 500Cr (appr. $60 million) debt funding from Japan-based Sumitomo Mitsui Banking Corporation (SMBC Bank). RBI registered NBFC-MFI, SATYA MicroCapital Limited has successfully “raised INR 500Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation which is a Japanese multinational banking… Read More

ChargeAfter, the Embedded Lending Platform for Point-of-Sale Financing, Selected by Removery

ChargeAfter, the embedded lending platform for point-of-sale financing, announced that Removery, the world’s tattoo removal service providers, chose ChargeAfter in order to power its upgraded consumer financing offer. ChargeAfter was selected to enhance Removery’s client experience by “offering a fast, seamless, and transparent financing process… Read More

ADB Approves $500m Loan for Indonesia’s Development Agenda, Reforms

The Asian Development Bank (ADB) has approved a $500 million loan to bolster Indonesia’s progressive endeavors in streamlining investment climates, fortifying trade, and advancing enterprises. The approval is an extension of the Competitiveness, Industrial Modernization, and Trade Acceleration Program (CITA), following the success of its… Read More

Trade Finance Solutions: Bank of America Introduces CashPro Supply Chain Services

As part of a multi-year effort to transform trade finance, Bank of America (NYSE: BAC) is launching CashPro Supply Chain Solutions, a platform that will offer participants in a supply chain the benefits of digitization with improved process efficiency and working capital optimization. CashPro is… Read More

Fasanara Capital, Allianz Trade to Support Growth of Fintech Industry

Fasanara Capital, the institutional asset manager, and Allianz Trade, the trade credit insurer, are joining forces to provide up to a $1bn financing boost to the fast-growing global B2B e-commerce sector. Fintech investors are seeking out investment opportunities “in and returns from businesses that are… Read More

Sacyr Incorporates Sustainability into Operations with Sustainable Financing Framework Advised by CaixaBank CIB and IB

Sacyr published its Sustainable Financing Framework to integrate sustainability into the company’s financing policy. The document incorporates “all current types of sustainable financings existing in the market, and it follows the International Capital Market Association (ICMA) and the Loan Market Association (LMA) principles for green,… Read More

UK’s Blend Network, a Development Finance Lender, Reports Steady Progress on Cambridge Project

UK’s Blend Network, a specialist development finance lender, is reporting solid progress on-site at one of the schemes that they recently funded in Cambridge, where the borrower “intended to acquire, convert and extend an existing building into nine apartments.” At Blend Network, they are supporting… Read More

British Business Investments Announces £20M Tier 2 Facility with DF Capital

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

Netcompany Acquires Stake in European Fintech Firm to Form a Strategic Partnership

Netcompany acquired a 20% stake in the Danish based Festina Finance – a provider of software for the Life and Pension industry with a customer base in Denmark and the Netherlands. The investment will accelerate the entry “into new markets for Festina Finance and enhance… Read More

Digital Commerce Growth Platform Wayflyer Secures $1B Financing from Neuberger Berman

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has announced that it has agreed to an off-balance sheet program that will purchase up to $1bn of assets from funds managed by investment management firm Neuberger Berman. The facility means that Wayflyer is able… Read More

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