Fintech Froda has partnered with Visa to develop an entirely new business lending solution. Initially, Froda and Visa are partnering with Nordic digital bank Lunar. Under the partnership, Lunar customers have access to business loans through Froda’s proprietary integrated lending platform, which offers payments and repayments directly via Visa cards. Visa’s presence in more than
Denmark’s Neobank Lunar has raised 35 million euros to invest and grow the business in order to further expand in Northern Europe and accelerate the path to profitability. A bank press release said the “vast majority” of existing shareholders contributed to the increase. Lunar’s most recent fundraising was 212 million DKK (about 28 million euros)
Flutterwave, Africa’s leading payment technology company, today announced that it has obtained a Payment Provider and Payment Facilitator license in Egypt. The licenses will allow Flutterwave to act as an official payments provider in the country, collect payments on behalf of its customers, and settle payments locally and globally. These licenses will allow Flutterwave to
Lulalend, a South Africa-based digital lender catering to underserved small and medium-sized businesses (SMEs), has completed a $35 million Series B transformation funding round. (R600 million). Lulalend will use the capital to expand its business and fill South Africa’s persistent SME credit gap, estimated at more than $20 billion a year, according to the International
STRIPE STORY HAS CREATED $2.5 BILLION Fundraising News 01.02.2023 12: 8 p.m. Stripe is in talks to raise $2.5 billion Stripe hits a massive $2.5 billion funding deal with existing investors that will value the payments giant between $55 billion and $60 billion, according to The Information. This increase would fall sharply from Stripe’s last
Globaleye, an independent international wealth management consulting firm, today launched a new hybrid asset management solution that offers both hybrid and digital asset management advice. Globaleye 3.0 will fill the gap in the region for highly personalized and effective digital consulting. This innovative technology changes the way affluent clients interact with their wealth and financial
Truv has announced a partnership with Totem to enable automated direct deposit transfers through Truv’s authorized consumer data platform for all Totem customers. This partnership is one of many for Truv, where they are helping depository institutions take the direct deposit transfer process from days to seconds. In 2023, depository institutions will see a decrease
Lloyds Banking Group has invested £4m in Caura, a car app that consolidates all driving-related payments in one place. Caura’s iOS and Android apps promise to simplify driving-related payments for the 30 million UK motorists, who often have to use up to 10 apps and websites to manage their vehicles. their. Drivers receive relevant information
Apex Corporation, a global financial services provider, today announced its proposed acquisition of Bank of America Custodia Services (Ireland) Limited, the business of Bank of America’s depository in Ireland. Apex Group will acquire BACSIL through its subsidiary, the European Deposit Bank (“EDB”). BACSIL is an inbound and outbound fund custodian solution serving a multitude of
Momnt, a financial technology company that provides real-time lending and payment solutions to businesses as needed, announced a strategic partnership with Paradigm to launch Paradigm Finance, a platform Leading finance for home improvement contractors. Through this partnership, Paradigm Finance users now have the ability to provision and manage all aspects of point-of-sale financing directly within
Anyfin, a Swedish startup that offers refinancing of consumer loans and credit card debt using a combination of artificial intelligence and snapshots of current statements and payment terms. debt pocketed $30 million in a Series C funding round led by existing investor Northzone. Launched in November 2017, Anyfin founders Filip Polhem, Mikael Hussain and Sven
European B2B payments platform Sprinque has raised a €6 million funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners and SeedX. Existing investors Antler, Volta Ventures and Force Over Mass also participated in the round. Sprinque’s B2B payment platform allows merchants and marketplaces to offer invoice payments with clear payment terms
