Tagged: line of credit

Fintech Novea Welcomes $55M in Equity, Debt Financing, Deal Could Reach $105M

Novea, a Fintech software company, announced this week it has closed $50 million in equity and $5 million in debt financing. The equity proceeds will go towards wholly-owned subsidiaries Jacana Warranty and Jacana Insurance, to support a proprietary user application platform it developed which services… Read More

$100M Series D Has Fundbox Firmly in Unicorn Territory, New Products, Hires On the Way

Fundbox, the AI-powered financial platform for small businesses, has closed a $100M Series D funding round at a $1.1 billion valuation. This latest round was led by Healthcare of Ontario Pension Plan (HOOPP), joined by existing investors Allianz X, Khosla Ventures, and The Private Shares… Read More

Canadian Fintech Nuula Announces $120M in New Funding

Nuula, a Canadian Fintech company focused on small businesses, today announced $120 million in new funding. The total consists of $20 million in equity funding led by Edison Partners and a $100 million credit facility provided by funds managed by the Credit Group of Ares… Read More

Ripple Launches Beta Service on RippleNet “Line of Credit”

  Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday the launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP…. Read More

Fintech Service Alchemy Now Offers White Labeled Line of Credit Platform

Alchemy is now offering a white-label, customizable line of credit platform available for Fintechs, banks, and other financial services firms. Alchemy explains that the line of credit product differs from the traditional installment loans in several ways. Most importantly, the open-ended nature of the product… Read More

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