Marketplace Lending

Brazil’s Facio said to raise $5m in its seed round

Brazil-based Facio, which provides tools to improve the financial wellbeing of employees, has reportedly raised $5m in its seed round.

Finley secures $3m seed funding to support new product launch

Debt capital raise and management solution Finley has bagged $3m in seed funding, alongside launch of credit facility management tools.
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SME lender Kabbage lands $200m from Credit Suisse

Kabbage, an SME lending platform, has landed $200m from Credit Suisse to expand its AI-based business loans.

CommonBond bags $50m Series D led by Fifth Third

CommonBond, a platform to help students and graduates pay for higher education, has closed a $50m Series D led by Fifth Third Capital.

P2P lending platform Flender raises £350k from Enterprise Ireland, as part of wider round

Ireland-based P2P mobile lending platform Flender has raised a £350,000 investment from Enterprise Ireland, Flender founder Olic Cavanagh told FinTech Global.

Invoice finance platform Advantedge acquires Henry Howard Cashflow

Invoice finance solution for SMEs Advantedge Commercial Finance has acquired Wales-based Henry Howard Cashflow Finance.

P2P lending platform Finzy closes pre-Series A on $2.3m

India-based P2P lending platform Finzy has raised an additional $1m to its pre-Series A round, bringing its total to $2.3m.

The Credit Junction bags $23m from Century Equity Partners

The Credit Junction has bagged $23m in an investment from Century Equity Partners, coming just months after a credit facility from MidCap.

Waddle eyeing the prospect of partnering up with Australian banks

Cloud-based lending service platform Waddle is in talks with several banks to convince them to use the software.

Security deposit lending platform Salaryo closes $5.5m funding round

Salaryo, which provides freelancers and startups with financial flexibility, has collected $5.5m in its funding round.

News Stories

How the world's top banks and insurers are adopting GenAI tools

How the world’s top banks and insurers are adopting GenAI tools

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.
UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

UK-based PeppercornAI bags £3.25m for AI-driven insurance solutions

PeppercornAI, an InsurTech specialising in conversational artificial intelligence, has successfully raised £3.25m.
Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation welcomes Stuart Barnard as new CFO

Encompass Corporation, a pioneer in Corporate Digital Identity (CDI), has recently announced the appointment of Stuart Barnard as its first Chief Financial Officer (CFO).
Unlocking the power of KYC Portal CLM in modern due diligence

Unlocking the power of KYC Portal CLM in modern due diligence

In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

Apax Digital Funds backs IANS Research with new investment to boost InfoSec services

IANS Research, a leading provider of independent research and advisory services for the information security industry, has just secured a significant investment from Apax Digital Fund II. 

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