Syndicated loan platform Versana bags $40m in equity capital
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo have all invested capital.
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo have all invested capital.
The latest funding follows the company’s $270 million Series C round held in June last year.
VRPs will allow Plend customers to change their payment schedule to suit their financial circumstances.
The deal is expected to close in Q2 2023 and the business will continue to trade under the Bluestone brand.
The receivables warehouse facility will help Tamara finance the accelerating demand for its flagship BNPL product.
Parker will invest in its product offering as it aims to expand across the US in 2023.
This is the first OpenWay installation of its Way4 platform on Oracle Cloud in Southeast Asia.
Avoid incremental bad debts by adopting few recommendations that will bring quick wins and improvement in your collection’s activities.
Goodrich will lead the data engineering, predictive analytics, credit risk and fraud functions across Ezra.
With the new funding, Fynn plans to expand across the US and offer its services to more students.
Lenvi is a combination of Equiniti’s EQ Credit Services, EQ Riskfactor, and EQ KYC Solutions.
The company plans to grow its loan book and boost its staff headcount.
Zip expects “significant” amounts of cash to roll in due to these exits, with positive cashflow expected by 2024.
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
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Pega claims its low-code platform will save Shawbrook underwriters 1,500 hours a month.
Northern Ireland is the world’s top region for both new software development and fintech inward investment projects.
The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
The acquisition will see CoreLogic integrate Roostify’s platform with its own data, analytics and workflow solution.
The Co-operative Bank is the frontrunner amid a bidding war being run by consultancy Deloitte, Sky News reports.
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Take a look at the highlights from Leda Glyptis’ global book launch.
The UK government is looking to bring BNPL into the regulatory sphere “in a proportionate way”.
Reinventing financial planning and disrupting unsecured lending markets.
The funding will grow Merchant Money’s lending books across its secured and unsecured product offerings.
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Combine algorithmic price optimisation with powerful ML techniques, and you’ll have a robust tool for performance analytics.
Lulalend will look to increase its loan book size and develop new products.
Upstart is also suspending development of its small business loan product.
Nano plans to wind down its home loan services and focus on providing technology to financial services companies.
The funding will support Liberis’ targeted expansion across the Nordics and Europe.
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
The new funding facility will enable LiveMore to increase loan originations and grow its portfolio.
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
The letter has been co-signed by Codat, Atom Bank, Funding Circle, Iwoca, Allica Bank, SPRK Capital and others.
Parfitt will be tasked with leading Freedom Finance’s data products initiative.
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.