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KYRIBA LAUNCHES NEW WORKING CAPITAL SOLUTIONS TO CLOSE THE $3.4 TRILLION TRADE FINANCING GAP
Kyriba, a global leader of cloud-based finance and IT solutions, announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported $3.4 trillion trade financing gap1 and help corporate buyers support all suppliers, especially at risk SME suppliers. The Company further invested in its Working Capital Solutions team and is rapidly growing its marketplace of global funding partners to improve access to liquidity amid a historic disruption to international trade.
GAINFULLY JOINS WHITE GLOVE TO ACCELERATE GROWTH IN ENTERPRISE FINANCIAL SERVICES
White Glove, a portfolio company of Rockbridge Growth Equity and fintech marketing company specializing in client acquisition services for financial advisors, announced the acquisition of Gainfully Inc., an industry leader in compliance-enabled content marketing technology for enterprise insurance and financial services companies. With the acquisition of Gainfully, White Glove continues its growth in serving financial advisors, with a rapidly expanding focus on its done-for-you services and performance-based marketing to financial enterprises using this robust technology platform.
LENDABLE TO LAUNCH $100 MILLION EMERGING MARKET FINTECH FUND WITH LEADING IMPACT AND DFI INVESTORS
Lendable Inc. (“Lendable” or the “Firm”), a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments.
The Lendable MSME Fintech Credit Fund (the “Fund”) is designed to unlock access to financial services for over 150,000 Micro, Small and Medium Enterprises (MSMEs), providing investors with high impact exposure to important markets and the potential of high uncorrelated returns.
FINVOLUTION GROUP’S ADAKAMI APPLICATION ANNOUNCES STRATEGIC COOPERATION WITH PT BANK JAGO
FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform in China, today announced that its Indonesian financial application, AdaKami, signed a strategic cooperation agreement with PT Bank Jago. Bank Jago is a tech-based bank providing life-centric finance application which makes money management simple, collaborative and innovative.
The partnership aims to strengthen collaboration within the digital financial ecosystem, facilitate credit access to support the economy, and accelerate the process of financial inclusion. The alliance also broadens AdaKami’s presence across different market segments in Indonesia, including retail, mass market and others.
ALLOCATIONS ACQUIRES LUMEN ADVISORY & FINANCE IN $2.5M DEAL
Allocations, the world’s fastest and most powerful private equity and venture capital platform, announced today the acquisition of Salt Lake City-based Lumen Advisory and Finance. The deal, valued at $2.5m in cash and stock, brings Lumen’s accounting automation acumen into Allocations’ expanding suite of accessible private equity capabilities.
Allocations is building private equity 2.0 – shifting the reins of control from big VC to angel investors. The company has built an end-to-end platform for private equity products (SPVs, funds and soon M&A, SPACs and family offices), disrupting the $2.9 trillion US private equity market, and has processed over $280m in deal volume since 2019.
5W PUBLIC RELATIONS EXPERIENCES UNPRECEDENTED GROWTH IN FINANCIAL COMMUNICATIONS PRACTICE AREAS
5W Public Relations, one of the largest independently-owned PR firms in the U.S., announces today the rapid growth of its dedicated financial communications practice area, which has grown 35% since 2020. The specialist division has supported multiple IPO programs, billions of dollars in acquisitions, and launched high-profile special purpose acquisition companies (SPACs) this year.
Ronn Torossian, CEO of 5WPR said, “Our financial communications practice possess a deep knowledge of the industry, and has thrived in 2021’s record-setting funding and IPO environment. Companies in the space recognize 5W’s ability to act quickly, keeping ahead of industry trends, and effectively elevating client offerings in an extremely competitive space.”
UPSTART LAUNCHES FIRST AUTO RETAIL SOFTWARE WITH AI-ENABLED FINANCING
Upstart , a leading artificial intelligence (AI) lending platform, today announced Upstart Auto Retail software, including AI-enabled financing. The cloud-based solution enables a superior car buying experience for both consumers and dealerships. For the first time, this new software will provide access to Upstart-powered auto loans as well.
Upstart Auto Retail is the evolution of Prodigy Software, acquired by Upstart in April 2021. Since the beginning of 2021, the number of dealerships—also known as rooftops—signed up for the software has nearly tripled. With the addition of Upstart-powered loans, dealerships will be able to instantly offer affordable financing to more of their customers.
UNIDOSUS AND EXPERIAN LAUNCH PARTNERSHIP TO SUPPORT FINANCIAL EMPOWERMENT
UnidosUS, the nation’s largest Hispanic civil rights and advocacy organization, and Experian today announced a new partnership to further the mission of financial empowerment. UnidosUS also kicked off its LatinX IncluXion Summit today, of which Experian is a plenary session sponsor.
“Experian has been a welcome and creative partner to UnidosUS through its support of our Financial Empowerment Network (FEN),” said Lot Diaz, Vice President, Housing and Financial Empowerment at UnidosUS. “Our program is expanding its reach to provide financial education and coaching to Latino families who are working to rebuild their financial lives after major setbacks during the pandemic. We are honored to have Experian’s support in reaching more families at this critical moment in time through the FEN. 2021 is an even more important year for this service, and Experian’s partnership is helping us be present and available in more ways than ever before.”