Marketplace Lending

Marketplace Lending

Nimbla and Wiserfunding sign partnership to protect UK SMEs from insolvency

With over 500,000 UK SMEs facing significant financial distress because of COVID-19, the partnership between invoice insurance provider Nimbla and credit risk assessment platform Wiserfunding could provide some peace of mind.

Revenued acquires Sky Bridge Business Funding

FinTech Revenued is acquiring Sky Bridge Business Funding, a small business financing company founded in 2017, to bolster its goal of helping small businesses grow.

Axle Payments said to raise $27.7m in a round of debt and equity

Axle Payments has reportedly bagged $27.7m in a mixture of debt and equity to increase its market spread.

MarketFinance receives £10m grant to issue more loans

MarketFinance, which helps businesses access working capital and finance, has secured a £10m grant, shortly after it received a £50m loan from Viola Credit. The...

Statrys secures $5m in an angel investment round

Hong Kong-based digital payments platform Statrys has apparently added $5m to its coffers in an angel investment round.

Blend hits $3.3bn valuation nearly doubling in five months

Digital lending platform Blend has scored $300m in its Series G round, helping to nearly double its valuation to $3.3bn in just five months.

Business lender ProgCap said to raise around $1.37m in funding

Business lender ProgCap has reportedly raised Rs 10 crore ($1.37m) in a funding round, which was led by Stride Ventures.

Why SumUp and Stripe took centrestage among the 41 FinTech investment rounds last week

Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.

Virgin Money teams with UK FinTech firm to bolster lending offering

Virgin Money has partnered with FinTech company Trade Ledger to deliver a quicker, more user-friendly experience for business customers applying for lending.

ProducePay closes Series C on $43m to support the growth of its team and...

ProducePay, which claims to bring transparency and fairness to the produce market, has closed its Series C round on $43m.

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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Last year large-scale breaches increased by 300%

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