EIF provides Lithuania’s SME Finance with €40m to fund small business lending
SME Finance CEO says the agreement with EIF allows it to offer financing to businesses “on significantly better terms”.
SME Finance CEO says the agreement with EIF allows it to offer financing to businesses “on significantly better terms”.
In the UK, 3.1 million adults use cash to pay “for everything or most things”.
The tech will enable users to converse with an AI system to initiate and complete transactions.
The $6 million deal is to be completed via an all-stock transaction by September.
Zolve’s telecom-financial offering is tailored for expats pursuing educational or professional opportunities in the US.
The fintech landed $20 million in a Series A funding round in June 2022.
Temenos has tasked its delivery partner, Orion Innovation, with implementing the new core.
Arnt is to join current CEO Sebastián Kanovich to lead the firm’s future endeavours.
Strive India will focus on micro-enterprises, women-led businesses and agri-entrepreneurs in the country.
The partnership enables the “maverick” community bank to expand its cannabis clientele across California.
The new facility has been provided by US investment firm Victory Park Capital.
Folz joins CloudPay from the German credit institution Solaris SE, where he served as CEO from 2017 to 2023.
MTN says its partnership with Mastercard will enable its customers “to participate in the global economy”.
The six-year partnership will see Fime help the central bank establish an independent payment infrastructure.
On completion of the deal, Svatantra says it will become the second largest microfinance entity in India.
Learn what tools and tech enable Banca AideXa to provide quick and efficient loans to SMEs.
In addition, the company has also raised $20 million in new equity financing from its existing investors.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Vestwell acquires Gradifi Solutions from Morgan Stanley, following its acquisition of E*TRADE Financial.
Snoop leverages AI and open banking technology to provide personalised overviews of spending habits.
The pilot is expected to last for three months between selected merchants and government employees.
The facility has been provided by client funds managed by US investment banking company Neuberger Berman.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Founded in 2019, Gimo provides flexible pay and financial wellbeing solutions for underbanked workers in Vietnam.
Bain Capital will pick up a 90% stake, with current CEO Gaurav Gupta retaining the other 10%.
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Salmon says the investment marks the “largest ever” debt financing for a Series A tech company in the Philippines.
An insightful journey through the experience of the successful implementation of the hybrid start-up model.
The partnership seeks to provide better financing opportunities to foreign-born students in the US.
The Bahraini denominated card can be used to pay for transactions in both an in-store and online setting.
The solution targets MMEs that lack experience and accessibility of financial and non-financial products.
The capital will be used to accelerate its growth in Mexico and fuel its international expansion plans.
The service’s arrival is a response to the failings of chatbots.
Mambu’s cloud technology and Knowit’s loan origination solution are to support the SPK’s housing loan offering.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
Utilising Temenos’ core banking platform, BanCoppel aims to scale its operations and offer more banking services.
The pilots will seek to streamline historically cumbersome cross-border settlement processes.
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.