Marketplace Lending

Qupital said to extend its Series A round to support growth in China

Hong Kong-headquartered Qupital has reportedly bagged a Series A extension round to grow its services internationally.

AI-driven firm Boast.ai raises $100m to aid startups claiming R&D tax credits

Aiming to provide cash advances on tax credits for startups, AI-driven firm Boast.ai has secured a $100m credit facility from Brevet Capital.

Why Wealthsimple and CyberTech success stories stood out among the 25 FinTech rounds raised...

CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.

Arex secures €8.8m Series A to speed up UK, Spain rollout

Spanish invoice finance firm Arex Markets has bagged $8.8m in a Series A funding round that has enabled it to accelerate its launch in the UK and Spain.

Challenger bank lending continues to climb with 11% uptick in 2020

Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.

8fig making equity-free funding more accessible after Series A close

8fig, an equity-free funding and supply chain management tool provider for e-commerce sellers, has scored $50m in its Series A funding round.

France-based Silvr raises €130m

France-based Silvr has raised €130m for its Series A investment round, which will aid its hiring efforts.

Uplinq scores $3.5 for its SMB mission

Uplinq Financial Technologies, a global credit assessment platform for small-to-medium sized business (SMB) lenders, has raised $3.5m in a pre-seed funding round.

Freedom Financial Network closes $323m securitisation

Digital personal finance company Freedom Financial Network has closed a securitisation of $323m in rated notes backed by FreedomPlus personal loans.
Open banking-powered lender Koyo raises £100m

Open banking-powered lender Koyo raises ?100m

Open banking-powered lender Koyo has reportedly raised ?100m in debt and ?5m in its Series A 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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