Australian fintech Grapple secures $35m in funding
Sydney’s Grapple landed $35 million in a warehouse debt facility from Global Credit Investments (GCI).
Sydney’s Grapple landed $35 million in a warehouse debt facility from Global Credit Investments (GCI).
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Founded in 2018, SarvaGram last raised $10 million in a Series B funding round in 2021.
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The round was led by Apis Partners, and saw participation from Tiger Global, Winter Capital and Evolvence.
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The ICS Banks Finance Leasing Solution is provided by regional banking tech vendor ICSFS.
Novicap will use the funding to accelerate its growth, boost its credit portfolio and develop new solutions.
Once fully launched, Ashman will serve SMEs in the UK’s commercial real estate sector.
Avant CEO Matt Bochenek says the funds from Ares will “further fuel our credit portfolio and next-gen platform”.
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
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The deal will see SeedFi become part of Intuit’s Credit Karma business.
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
Following the acquisition, Cred and CreditVidya will continue to operate independently.
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
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Pipe’s three co-founders are all set to move into new positions at the firm.
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The funding will enable Gen H to speed up the rollout of its mortgage products.
The money will go towards Lentra’s international expansion and acquisitions.
Lloyd-Owen joins from home lending platform Roostify, where he was most recently VP of product.
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
Blnk’s lending platform enables merchants to underwrite and finance customers’ purchases at the point of sale.
MeridianLink says the deal will enable their customers “to deliver fast, frictionless mortgage lending experiences”.
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
Ampla says the acquisition will open up a B2B BNPL market that is worth an estimated $1 trillion.
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
The seed round saw participation from the founders of Monzo, Starling Bank and Oodle Car Finance.