UK challenger bank OakNorth launches new business banking offering
OakNorth’s new product is currently in a phased beta, with businesses being invited to sign up to a waitlist.
OakNorth’s new product is currently in a phased beta, with businesses being invited to sign up to a waitlist.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Amazon Business customers can now select Affirm at checkout to pay for eligible goods over time.
The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, participated in the raise.
Submit your nominations before 15 March 2024.
APPS’ CEO Abe Maghaguian and COO Sarah Gerald will join the Stax leadership team as part of the deal.
Hala says Arshad’s experience will be “pivotal” to its expansion efforts in the UK and Europe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
Greener’s business solution was launched earlier this month following its seed funding round.
With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.
The partnership comes as Figopara gears up for a “significant” international expansion push.
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
It is the twelfth time Truist Community Development Enterprises has received an allocation.
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The company describes the licencing as “a significant step forward” for its position in the UK neobanking market.
Alba Bank says the migration will enable it to build products at speed to meet evolving market demands.
Shah will be responsible for the bank’s IT security and digital channels across various functions.
Nominations for the Banking Tech Awards USA 2024 are open until 9 February.
Watch this video for an in-depth look at The Greenlend Project.
We explore how Banca AideXa uses artificial intelligence (AI) and open banking to revolutionise online financing.
He joins from DF Capital, a UK-based savings and lending bank, where he served as CRO for nearly three years.
Its merger with NESFB will see Slice transition into a small finance bank.
The round also saw participation from existing investor SBI Holdings, and succeeds the platform’s $23.5m Series C.
The plan succeeds the bank’s merger with PacWest Bancorp in July, combining assets valued at $36.1 billion.
The recapitalisation comes after the Canadian growth capital firm carried out significant job cuts over the last year.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies in the UK.
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
The round was led by Framework Venture Partners, with participation from additional investors.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The financing will be used to redeem existing debt, expand lending operations and accelerate Fleximize’s growth.
RevTags, already available to Revolut’s retail customers, is now being rolled out to its business customers globally.
The new facility will help ThinCats support lending of up to £696 million to mid-sized businesses in the UK.
Along with the funding, Flex has also launched its finance app catering to underserved small business owners.
Gusto says its solution allows Chase’s payroll processing to become “significantly simplified”.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
We chat with Chris Giamo of TD Bank about the state of play for commercial banking in North America.
By leveraging Backbase’s platform, Judo Bank aims to “create new digital experiences” for its customers.