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INNOVATIVE DIGITAL FINANCE SOLUTIONS OFFER BUSINESSES GREATER CONTROL
The fintech industry, digital banking, and digital payments markets have all been rapidly expanding over the last decade. Yet, the pandemic has helped accelerate the move to digital payments and other digital finance services with a sense of urgency not seen before across the B2B landscape, and the same is true for the online retail sector. In fact, research by McKinsey & Company indicates that “overall, in retail, the impact was not a decline but a shift in buying behavior. In the first six months of the year, consumers spent USD 347 Billion online with U.S. retailers, up 30% from the same period in 2019 — corresponding to six times the annualized 2019 growth rate of online retail.” As for banks, the pandemic has accelerated the move from “physical” to “virtual” banking.
KBRA Expands Corporate, Project and Infrastructure Finance Group
Kroll Bond Rating Agency (KBRA) is pleased to announce an important step in the continued growth of our Corporate and Project Finance businesses. We have formed new sector teams and appointed sector leaders to focus on the intersection of infrastructure, energy, renewables and the rapid expansion of middle market lending.
“These new sector focused teams will help us meet the accelerating demand for KBRA’s thought leadership in these dynamic segments of the market,” said William Cox, Senior Managing Director and Global Head of all Corporate, Financial and Government Ratings.
CONCIERGE TECHNOLOGIES TO EXPAND FINANCIAL SERVICES OFFERINGS TO THE U.K.
via NewMediaWire — Concierge Technologies, Inc. (OTC: CNCG), a diversified global holding firm, today announced that its newly formed subsidiary in London, England, Marygold & Co. (UK) Limited, has entered into a share purchase agreement to acquire all the outstanding shares of Tiger Financial & Asset Management Limited for £1.5 million (approximately $2.1 million U.S.), plus liquid assets, to be paid in cash over a two-year period following the closing date.
RIGHT DIRECTION FINANCIAL SERVICES CHOOSES SCIENAPTIC TO ENHANCE UNDERWRITING WITH AI-POWERED CREDIT DECISIONING
Scienaptic, a leading, global AI-powered credit decision platform provider, announced Right Direction Financial Services has selected its AI-powered platform. This deployment will allow Right Direction Financial Services to enhance its underwriting capabilities to reach and support more potential borrowers, while mitigating risk.
Founded in 2011, Right Direction Financial Services specializes in providing automotive loan financing for individuals seeking to rebuild or establish their credit through high-quality, certified pre-owned vehicles. The company is committed to ensuring its customers have affordable payments that align with their payroll periods and reporting their payment history to the major credit reporting agencies. This implementation positions Right Direction Financial Services to reach more borrowers to grow its business while offering faster, stronger AI-powered credit decisioning for its loan decisioning process.
FINTECH PLATFORM FUSE AUTOTECH RAISES $10M IN SERIES A FUNDING LED BY TARGET GLOBAL
FUSE Autotech, a fintech software platform that redefines the car buying process, today announced the completion of its $10 million Series A round of financing, led by Target Global with participation from PICO Venture Partners, Christopher Muhr, former COO of Auto1 (FSE: AG1), and Escavel Capital. This new round of funding will be used to expand FUSE’s product and R&D teams.
“We are excited to complete this round together with leading auto industry software experts whose significant experience adds enormous value as we scale our company,” said Colton Ray, FUSE Autotech’s CEO. “The investment will allow us to expedite development and focus on expansion.”
VARICENT ACQUIRES CONCERT FINANCE
Varicent, the industry-leading provider of incentive compensation and sales performance management solutions, has acquired Concert Finance (Concert), an innovative provider of commissions software designed by compensation experts. The move to acquire Concert Finance first started in May when Concert was looking to scale its rapid growth, and Varicent was looking to expand its Incentive Compensation Management (ICM) portfolio into the SMB market. The deal closed on July 9, 2021.
HOLDEX FINANCE PLANNING TO CHANGE THE DEFI INDUSTRY
An innovative and modernized technical marvel in the field of Fin-Tech and DeFi is Holdex Finance. The goal of this platform is to form decentralized, transparent, and secure investments in cryptocurrencies. Embedded with state-of-the-art automated solutions and unique developments, the team had managed to reduce the risks and errors, resulting in the generation of more profit for crypto investors. Another characteristic of this platform is that they have a unique token distribution design and farming benefits. Users can make any transactions and investments here, which will be automated using the H-APY scanner and the H-ATB bot.
ECAPITAL CORP. ANNOUNCES COLLABORATION WITH VISA® DELIVERING COMMERCIAL CREDIT PRODUCTS TO FREIGHT CLIENTELE
eCapital Corp. (“eCapital” or “the Company”), a leading capital solutions provider for small and medium-sized businesses in North America and the UK, today announced the launch of a new commercial credit card program with Visa, the world leader in digital payments. The eCapital platform provides clients with direct connections to the funds in their eCapital accounts and robust reporting to manage all Visa transactions. Through this collaboration, the Company can offer clients new options for receiving funds through a commercial credit card and accessing a revolving line of credit to bridge the gap in day-to-day business cash flow.