ICYMI fintech funding round-up: Sourcefin, Volume, Leap Financial, and Juicyway
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LendTech
Lendtech news, resources and expert commentary.
Singapore’s Funding Societies lands $25m investment from Cool Japan Fund
Funding Societies intends to use the funding to “deepen its core business in SME financing”.
The Tipton and Coseley Building Society taps Mast to power mortgage operations
The Tipton, which lent £116 million in mortgages last year, will use the platform to modernise its mortgage processes.
Zest AI lands $200m growth investment, eyes “high impact M&A opportunities”
The deal marks Insight Partners’ third and largest investment in Zest AI to date.
Chorley Building Society in front-to-back office tech overhaul with TCS
Chorley Building Society will implement the TCS Bancs core banking system.
Finova names Paraag Davé as CEO and Rowan Clayton as new CPO
Finova was acquired by Bain Capital Tech Opportunities (BCTO) in August.
Quantix secures $500m asset-backed securitisation financing from Citi
Quantix says the financing is “among the largest provided to a UAE fintech company to date”.
Banking Technology Magazine December 2024 / January 2025 issue out now
Cover story: STAR PEOPLE – Banking Tech Awards 2024 revisited.
Pipe strengthens leadership team with four key appointments
Nate Wiger has been named as CTO and Claurelle Rakipovic as CPO.
Banking Tech Awards 2024: Congratulations to all of this year’s winners
We’re delighted to reveal the winners of the Banking Tech Awards 2024!
Mexican fintech start-up R2 secures $50m debt facility and $9m in fresh equity
The equity injection is an extension of the company’s $15 million Series A round from 2022.
UK fintech Offa acquires Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio
The Bank of Ireland’s Alburaq portfolio includes over 350 home purchase plans.
ICYMI fintech funding round-up: Habitto, Norbr, Tembo, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Reem Finance taps Temenos to power new digital community bank
Reem Finance’s new digital community bank will utilise Temenos’ core banking, payments, and data analytics tech.
November 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over November.
Ally Financial reportedly considering sale of credit card business
Ally Financial first acquired the business, then known as Fair Square Financial, for $750 million in 2021.
Moody’s expands lending tech suite with acquisition of Numerated Growth Technologies
Moody’s has maintained a partnership with Numerated since January this year.
UK’s Hope Macy completes purchase of lending software specialist Slick Solutions
Hope Macy is merging its machine learning APIs with Slick Solutions’ loan origination platform.
Atome Financial lands $200m credit facility led by HSBC
HSBC led the investment through its ASEAN Growth Fund, supported by DBS Bank, SMBC and Baiduri Bank.
Finova launches Finova Broker for the UK intermediary sector
Finova Broker builds on the Mortgage Keeper CRM solution, provided by Finova’s business formerly known as eKeeper.
UK SME lender Iwoca bags £200m debt funding package from Citi and Waterfall Asset Management
Iwoca plans to double its Flexi-Loan limit to £1 million for medium-sized businesses.
Banking Technology Magazine November 2024 issue out now
Cover story: GOING GREEN – Why sustainable finance is vital.
Bumper enhances dealer partner insights with acquisition of AutoBI
The deal comes after Bumper raised a $48 million Series B in January.
US lender PowerPay lands $60m corporate bond led by KeyBank
PowerPay claims to have processed over $8 billion in loans since its inception in 2017.
Kapitus snaps up Ten Oaks Commercial Capital, launches equipment financing arm
Kapitus serves as a direct lender and marketplace, providing over $6.5 billion to nearly 55,000 businesses.
October 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over October.
ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt
A handy round-up of the recent funding endeavours of fintech companies across the globe.
EquiLend names former ION head Rich Grossi as new CEO
Grossi has previously served as CEO of Openlink Financial and ION Corporates.
LendInvest renews £300m warehouse financing deal with HSBC, Barclays, and BNP Paribas
In September, LendInvest also increased its funding agreement with JP Morgan by £500 million.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
Navigant Credit Union partners Baker Hill to boost commercial loan operations
Baker Hill’s Commercial Lending solution will be integrated directly within Navigant’s Fiserv DNA core.
SoFi secures $2bn deal with Fortress Investment Group to expand loan platform business
The deal will help fuel the company’s personal loan origination activities.
Best Egg lands $500m purchase facility to expand personal loan product
The purchase facility builds on the company’s $225 million Series E round completed in March 2022.
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Global survey report: Privacy in practice 2024
1,300+ data privacy professionals share their views on the pertinent topics in this free global research report.
Hastings Direct Loans boosts fraud prevention capabilities with IDVerse partnership
Hastings Direct expanded into personal loans around three years ago.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
September 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over September.
Scienaptic AI co-founder steps down to launch new venture, Algebrik AI
Algebrik AI, a new loan origination system, will commence deployments in Spring 2025.
