Stax Payments founders launch business credit decisioning platform Worth AI
Sal Rehmetullah and Suneera Madhani will act as co-CEOs of the start-up, which is set to launch this month.
Lendtech news, resources and expert commentary.
Sal Rehmetullah and Suneera Madhani will act as co-CEOs of the start-up, which is set to launch this month.
The acquisition will enable Levenue to boost the footprint of its revenue-based financing marketplace.
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A handy round-up of the recent funding endeavours of fintech companies across the globe.
The new limit is poised to save US consumers more than $14 billion a year.
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
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The Community Investment Enterprise Fund aims to support around 800 small businesses in the UK.
The fintech intends to leverage the debt financing to extend its lines of credit to the underserved.
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
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The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Writing on LinkedIn, Harding says he will announce his “next professional adventure shortly”.
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MQube claims its Origo solution can assess around 20,000 data points in real time.
The bank will leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
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The new facility consists of a $255 million term loan and a $25 million revolver.
ID Finance claims the financing marks its “largest ever financing round” to date.
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
The software will support the origination of mortgages for high-net-worth borrowers.
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A handy round-up of the recent funding endeavours of fintech companies across the globe.
The move comes as part of a £1 million investment by Offa to upgrade its IT systems.
Reevo Money was launched by Amplifi Capital in 2022 and is the firm’s second customer-facing brand.
The deal will enable YouLend to provide additional revenue-based financing to SMEs.
The LA-based fintech says it will use the facility to attract and retain more customers.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
WCAS will also commit $200 million to fuel the future growth of EquiLend.
The fire sale deal follows reports in December last year that ZestMoney was closing down.
Varga says he has made the “pivotal decision to move on” from the Scottish risk and decisioning firm.
The start-up seeks to provide property investors with interest-free down payments on their next home purchase.
Co-founder David Luck will assume the role of executive chairman, while CPO Damian Brychcy takes on the role of CEO.
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
The start-up previously raised £108 million in debt and equity funding last December.
The companies first announced their partnership in August 2022.