Online Loans

Flexiti picks up another $80m in debt financing from Credit Suisse

Flexiti, a POS consumer financing solution, has received an $80m mezzanine debt facility from Credit Suisse Asset Management.

Capcito Finance secures $7.6m to support international growth

Capcito Finance, a Swedish FinTech which automates loans and financing to businesses, has secured SEK 74m ($7.6m) in funding.

Fly Now Pay Later said to raise £35m in round made of debt and...

Flexible payment solution Fly Now Pay Later has reportedly secured £35m in a funding round which was comprised of both debt and equity.

Evolve Credit said to receive an investment from Microtraction

Nigeria-based loan marketplace Evolve Credit has reportedly received an investment from Microtraction, an early-stage investor focused on African startups.

Klarna bolsters UK presence with key regional market expansions

FinTech juggernaut Klarna has expanded its footprint in the UK with a new office in London and larger premises in Manchester.

Lending platform Credit Fair said to raise $15m in seed funding

India-based lending platform Credit Fair has reportedly closed its seed round on $15m.

2021 Christmas spending fuels ever-growing BNPL debt bubble for consumers

After it was revealed UK consumers racked up £3.3bn in buy now, pay later (BNPL) debts over Christmas 2021, a study by Credit Karna has found a growing debt bubble amongst customers.
Harvesting Farmer Network raises $4m to help farms with credit risk

Harvesting Farmer Network raises $4m to help farms with credit risk

Harvesting Farmer Network, which helps farms with credit risk, has raised $4m in a funding round.
MPOWER Financing secures $150m facility with Goldman Sachs

MPOWER Financing secures $150m facility with Goldman Sachs

MPOWER Financing, a mission-driven FinTech company specializing in non-cosigned loans for promising international students, announced the closure of a $150m revolving asset-backed warehouse facility with Goldman Sachs.
India’s credit solution pioneer DPDzero raises $3.25m led by Blume Ventures

India’s credit solution pioneer DPDzero raises $3.25m led by Blume Ventures

DPDzero, a groundbreaking FinTech firm in India, has successfully concluded its latest funding endeavour. The company, which focuses on AI-powered collections and debt recovery solutions, raised an impressive $3.25m in a funding round.

News Stories

AML

Leveraging AI to enhance efficiency in AML sanctions screening

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.

EU launches new anti-money laundering agency in Frankfurt to bolster financial security

MEPs have approved the establishment of a new EU anti-money laundering agency, which will be based in Frankfurt.

Tackling money laundering: How KYC loopholes are exploited by criminals

KYC protocols serve as the cornerstone of AML efforts, obliging financial institutions to verify their customers’ identities.

FINSIGHT acquires T-REX to revolutionise global private credit analytics

FINSIGHT has acquired T-REX to advance cashflow analytics in the global private credit and structured finance sectors.
Egress

KnowBe4 acquires Egress to enhance AI-driven email security

KnowBe4 has announced its plans to acquire Egress, a prominent figure in adaptive and integrated cloud email security.

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