ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera
A handy round-up of the recent funding endeavours of fintech companies across the globe.
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.
CSI initially struck a partnership with Hawthorn River in October to utilise its tech.
The credit facility has been provided by Citi and long-time financing partner Fasanara Capital.
Founded in July 2021 by Julien Zerbib, Unlimitd provides revenue-based financing to digital companies.
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Lendo has announced it plans to pursue an IPO “within the next few years”.
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Goodall joins Funding Circle from Coconut, a UK-based bookkeeping start-up he co-founded in 2016.
Liberis plans to go live in Canada, Germany and Poland in 2024.
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
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The new facility brings its total lending capacity to date to £900 million.
Forsberg is expected to form and execute a strategy for Froda’s loan products and embedded finance operations.
A newly formed entity, Klarna Financial Services UK, will now provide all consumer-facing services in the country.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The pilot is part of the HKMA’s three-stage approach to CBDC development.
Small businesses will now be able to submit loan applications through the KashNow app.
The company has secured an additional $250 million in debt financing to support its lending operations.
Levenue provides a marketplace for subscription-based businesses to connect with investors and access financing.
The bank says the platform will enable it to deliver “affordable term loans” directly to its SMB customers.
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The Series D funding round takes InCred Finance’s valuation up to $1.05 billion.
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Pismo is to support AtPay’s BNPL and card management programmes, ahead of its Q1 2024 launch.