AlphaCredit scores $125m in its latest funding round

AlphaCredit, a consumer lending platform for Mexico and Colombia, has secured $125m in its latest round.

Skippr said to net $16m in a mix of equity and debt

Australian invoice financing company Skippr has allegedly raised $16m in its latest round of funding, made up of both equity and debt.

Celsius secures $30m in new investment round led by cryptocurrency company Tether International

Blockchain-powered income and lending app Celsius Network has bagged $30m in a new equity round with Tether, the largest stablecoin issuer with a 90% market share, as its lead investor.

First Circle pockets $1.2m for SME lending in South-East Asia

South-East Asian-focused SME lender First Circle has raised $1.2m in a Seed funding round led by European investor Key Capital with 500 Startups and IMJ Investment Partners also participating.

Brazilian FinTech Cora raises $10m

Tech-powered SME lender Cora has bagged $10m to support its growth.

Farm financing platform ProducePay picks up $77m

Farming-focused lender ProducePay has secured $77m in equity and debt funding to provide cash-flow solutions to farmers of perishable goods.

Short-term loan app FinFrog said to raise €5m in its new funding round

France-based FinFrog has reportedly raised €5m in its latest funding round, which will be put towards research and development efforts.

Behalf brings in $27m for small business purchasing power

New York-based Behalf has raised $27m in a Series C round of funding to continue offering purchasing power to small business.

Chinese regulators crack down on peer-to-peer lending

Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations.

Future Finance nets €40m Series C to fund more loans

Student lending platform Future Finance has netted €40m in a Series C round to support the funding of more loans.

News Stories

Big businesses responsible for major cyber vulnerabilities in the UK

Lots of financial services companies leave themselves exposed to hacks by using unpatched services, according to a new report by Rapid7.

Revolut’s losses more than tripled to £107.4m last year

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

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