Amount, a banking technology provider offering account opening, loan origination and BNPL financing solutions, announced today the acquisition of Linear Financial Technologies (“Linear”), the premier SMB loan and account origination platform. Linear’s solution set is complementary to Amount’s retail banking and BNPL solutions for consumer loans. Linear’s platform simplifies the borrowing and account opening experience
Ayoconnect, Southeast Asia’s largest open finance platform, has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and FinTech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William Hockey and Jerry Ng, President Commissioner of Bank Jago. Ayoconnect
The Family Homes Funds Limited (FHFL) has launched a home loans assistance programme targeted at Nigerians on low/middle income, offering them a low-cost, deferred equity loan for up to 40 per cent of the cost of their home. The scheme targeted first time home buyers and individuals who can provide a deposit of 10 per
FNCB Bancorp, Inc. the parent company of FNCB Bank (“the Bank”), announces that the Bank has recently launched 1st Equipment Finance, a new equipment financing solution offered by the Bank, which is based in its Exeter, Pennsylvania location. 1st Equipment Finance provides equipment financing solutions, including leasing alternatives, for business customers, vendors, manufacturers and municipalities
BNP Paribas has partnered with asset management firm Apollo and its subsidiary Athene to set up a new inventory finance platform. Eliant Inventory Solutions, which is now live, is built on tech provided by software company GEP Worldwide. Athene, which merged with Apollo this month, serves as Eliant’s primary financing partner, while Apollo will act as
Jifiti, a leading fintech company, announced today the launch of the first-of-its-kind white-labeled Split Payment solution, which will round out their existing platform of BNPL offerings. The company already facilitates point-of-sale financing for leading banks and merchants globally through its white-labeled platform, enabling them to easily deploy and scale any consumer loan program at any
The city of Hobbs is pushing to amend a state law that city officials say is resulting in an unintended loss of gross receipts tax revenue for the community.The measure passed by the New Mexico Legislature and enthusiastically signed by Gov. Michelle Lujan Grisham in 2019 included complex changes to state tax laws. Among other
China Finance Online Co. Limited, a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that it received a letter, dated January 19, 2022, from the
Bank of America Corp reported a better-than-expected 30% jump in quarterly profit on Wednesday, driven by loan growth and record-breaking M&A volumes in its investment banking business.Flush with cash and emboldened by soaring stock market valuations, large buyout funds, corporates and financiers struck billions of dollars worth of deals in the fourth quarter, generating record
Vinson & Elkins announced today that it has expanded its global Finance practice group with the addition of partners David Berkery and Niels Jensen, who between them have advised many of the world’s leading financial institutions, investment banks, airlines, aircraft leasing companies and private investors on all aspects of the acquisition, leasing, financing and trading of aircraft.
Founder Stephen Thomas recently recognized as the Best Commercial Mortgage Broker launches a Mortgage Brokerage focused on Commercial Mortgages. HALO today announced HALO Mortgage Advisory Inc., a new full service Commercial Mortgage Brokerage. HALO Mortgage Advisory Inc. is an independent mortgage brokerage which offers commercial mortgage services to commercial property owners, residential mortgage brokerages, and
WealthKernel, a provider of digital investment services and infrastructure, today announces a Series A+ funding round, securing a further investment of US$7m. Already one of the leading embedded investing providers in the UK, WealthKernel will use the additional investment to support its integration of intraday trading and the expansion of its services into European markets.
