Payroll fintech OneBlinc secures $100m credit facility with Clear Haven
The fintech landed $20 million in a Series A funding round in June 2022.
The fintech landed $20 million in a Series A funding round in June 2022.
We ask three seasoned fintech investors what’s hot and what’s not in the fintech sector this year.
Temenos has tasked its delivery partner, Orion Innovation, with implementing the new core.
Param plans to leverage Twisto’s licences to offer its embedded financial solutions across Europe.
The new facility has been provided by US investment firm Victory Park Capital.
The Savings Bank Group says the new lending platform will enhance its digital offerings and operational efficiency.
Fronted was founded in 2019 by former employees of Bud Financial, Monzo and Apple.
Hochschild will serve in an advisory role at the company until the end of the year to ensure a smooth transition.
According to an SEC filing, the merger is set to close “on or about” 22 August 2023.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
James Yacobucci has been appointed to head of bank partnerships and Noah Martin to head of capital markets.
Sky News reports Shawbrook has approached the Co-operative Bank’s owners about a potential deal.
The round was led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors.
The latest investment brings Moove’s total funding to date to over $335 million across equity and debt.
The Italian parliament has 60 days to bring the proposed tax into law.
The move is part of Block’s plans to reduce brand spending.
The facility is being provided by Chicago-based investment firm Victory Park Capital.
The average loss to loan fee fraud in the UK is £260.
On completion of the deal, Svatantra says it will become the second largest microfinance entity in India.
According to Forbes Asia, the funding round values the start-up at $1.7 billion, making it Hong Kong’s latest unicorn.
Learn what tools and tech enable Banca AideXa to provide quick and efficient loans to SMEs.
The Chilean firm will use Thought Machine’s Vault Core to develop personalised financial products.
What’s the current state of play for the financial services sector and what can we expect for the remainder of 2023?
The acquisition makes Albo “the only neobank to offer debit and credit products for both consumers and SMBs”.
In addition, the company has also raised $20 million in new equity financing from its existing investors.
MSUFCU previously participated in Nymbus’ $70 million Series D funding round in May.
Payoneer says the start-up’s tech will help it to “better understand and serve customers”.
The bank says it wants to enhance the lending experience for its customers by moving to a single platform.
The Texas-headquartered company has implemented Provenir’s Data and Decisioning Platform.
In this episode of the podcast, we’re joined by Rajesh Gupta, CFO of UK business bank OakNorth.
Once approved, small businesses will have instant access to up to $75,000 of working capital.
Vestwell acquires Gradifi Solutions from Morgan Stanley, following its acquisition of E*TRADE Financial.
Rocket Companies also revealed that president and COO Bob Walters is to retire after 27 years with the firm.
PayU says the sale will allow it to focus on “the huge fintech opportunity” in India.
All of Koyo’s existing loans have been transferred to Capquest for management.
The acquisition enables Allfunds to develop its position in Italy as a local paying agent business.
JB Financial Group took part in the round as a strategic investor, acquiring a 15% stake in the company.
California-headquartered Uplift provides BNPL payment and credit products to the travel industry.
The Alabama-based firm aims to “improve financial wellness and eliminate cycles of debt for employees”.
Settle will use the expanded facility to boost its lending to e-commerce and consumer brands.