Tagged: working capital

Ripple to Expand from Cross-Border Payments to Tokenized Services, Bringing Crypto Capabilities to Enterprises, Company Exec Reveals

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

Swedish Payment Platform Billhop Partners ICS, the Largest Credit Card Provider in the Netherlands

Billhop and ICS have teamed up to improve working capital access for SMEs across the Netherlands. Through the partnership, ICS commercial cardholders, based in the Netherlands, will have access to Billhop’s service “at a preferential rate,” according to a release shared with CI. As mentioned… Read More

India’s Progcap, a Fintech focused on Corporate-led Retailer Financing, Secures $25M via Series B from Tiger Global, Sequoia

Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More

Indian Fintech Razorpay Explains how its Instant Settlements Helps SMEs Quickly Access Working Capital

Indian neobank Razorpay notes in a blog post that we are living in a world with “ever-increasing” consumer expectations and “endless options” to choose from these days. The Razorpay team points out that competition among businesses has been increasing over the years. This has helped… Read More

Plastiq Teams Up With Tipalti to Increase Working Capital & Automate Bill Pay for Commercial Businesses

Plastiq, a U.S.-based intelligent payments solution for small businesses, announced on Wednesday it has teamed up with global payables automation platform Tipalti to enable commercial businesses to use their corporate credit cards to pay suppliers, even if the suppliers don’t accept credit cards. According to… Read More

Global Working Capital Network LiquidX Announces Expansion of Strategic Relationship & Multi-Year Investment With Broadridge

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LiquidX, a global network for illiquid assets, announced on Monday it has secured a multi-year investment and expanded its partnership with global fintech Broadridge Financial (NYSE: BR). LiquidX reported that through the partnership Broadridge will provide it with strategic operational services for payment processing, account… Read More

Fintech Whitehall Finance Seeks £350,000 on Seedrs

Whitehall Finance, a working capital platform, is crowdfunding on Seedrs. The Fintech is seeking up to £350,000 for equity at a pre-money valuation of £3.5 million. As of today, the EIS qualified offering has raised £114,000 from 21 individual investors. The company reports that it… Read More

Working Capital Firm Cape to Offer Corporate Credit Cards in 2021 that Will Leverage Open Banking Tech

Cape, an Australian working capital firm, is planning to offer a corporate credit card that will leverage Open Banking technology. The company says the card will be available in 2021. Established by experienced Fintech professionals who previously worked at Funding Circle, Funding Options and 11:FS,… Read More

FIS Partners With Liberis to Allow “Working Capital” Platform to Provide U.S. Small Businesses With Alternative Funding Solutions

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it is teaming with Liberis, a UK-based fintech that provides alternative funding for small businesses, to launch Working Capital to provide alternative funding solutions for U.S. small businesses. FIS reported that through its Working… Read More

Working Capital Provider Demica Raises $30 Million in Series C

UK based Demica, a working capital Fintech, has closed on a $30 million Series C financing round led by Simcah Management LLC, according to a company release. Demica is a platform that targets multinational clients all over the world, across industries providing working capital facilities… Read More

NatWest Launches Pilot For New Working Capital Product Rapid Cash

UK banking group NatWest announced on the pilot launch of its new working capital product, Rapid Cash. According to NatWest, the NatWest Rapid Cash is an alternative to a traditional business overdraft, with a credit limit that is based on customers’ unpaid invoices. “Rapid Cash can… Read More

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