Corporate Bank of England has agreed on an initial guarantee of £175 million to a commercial lender, DF Capital. This guarantee will allow Manchester-based DF Capital to provide up to £225 million more in inventory financing each year through commercial floor plans and unit storage solutions for manufacturing companies. UK small and medium enterprises. This
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
Younger generations are demanding accessible digital banking services from their providers. They turn to neobanks and fintech unicorns like Robinhood to do their banking, payments, and investments. Neobanks, the bank in which all their services are online and accessible digitally, and the fintech unicorn, the startup that has reached a valuation of $1 billion, are
TMX Group Limited announced that it has made a strategic investment in VettaFi Holdings LLC (VettaFi), a US private sector data, analytics, indexing, digital distribution and thought leadership company. VettaFi fosters a cutting-edge, data-driven platform designed to empower and educate the modern financial advisor, asset manager and institutional investor. TMX Corporation purchased approximately 21% of
The £3 billion deposits milestone was reached by Zopa Bank this week, and our clients have established a total of 150,000 new accounts to increase their savings rates in the current difficult economic climate. The goal of Zopa is to increase the productivity of the hundreds of billions of “zombie money” that are now inactive
The emergence of Fintech has significantly boosted financial inclusion in the country. Powered by cutting-edge technology and seamless digital experiences, financial services can be easily accessed anytime, anywhere by simply using a smartphone. One of the products that are gaining popularity with individuals is the fully digital personal loan. More than 70% of official credit
MoneyGram International, Inc., a global leader in the development of P2P digital payments, has announced the launch of MoneyGram Online in Brazil. Consumers can now use the company’s main website to send money from Brazil in near real-time to family and friends around the world. Recipients can receive cash through the company’s suite of options
In a rapidly changing business landscape, organizations need faster innovation and deployment cycles to meet customer needs and improve customer experience, resulting in good customer retention. than. When it comes to financial institutions, data security and transparent implementation are key to digitizing processes. Driving innovation by implementing the right automation solutions, financial institutions can increase
Depending on how much debt you have, 2023 could be the year you write off or significantly reduce those financial obligations. Either way, you can end the year on a stronger financial footing. No trick will do the job on its own, but organizing ideas can reduce debt dramatically. 1. Review your monthly budget Go
Plooto, a leader in end-to-end accounts payable and accounts receivable (AP/AR) automation software for small to medium-sized businesses (SMBs), announced the closing of $20M USD ($27M CAD) in Series B funding. The all-equity round was led by Centana Growth Partners, a specialized growth equity firm that invests in the future of finance, with participation from
JG Wentworth is pleased to announce that it has acquired a digital lending platform from Stilt Inc., a personal lending and financial technology company based in San Francisco. Stilt has been backed by leading venture capital firms and has raised $322 million in debt and equity to create a strong end-to-end digital lending and services
Allica Bank, the leading fintech SME challenger bank, has announced a £100 million Series C funding round led by global growth technology investor, TCV, with participation from existing investors Warwick Capital Partners and Atalaya Capital Management. Allica now joins TCV’s strong portfolio of businesses, which also includes household names like Airbnb, Netflix, and Spotify as
