Alternative business lender ThinCats appoints tech leadership, plans growth
Ex-Aldermore Bank Billy Ferguson joins ThinCats as chief technical officer.
LendTech
Together in core banking tech revamp with Thought Machine
The Vault core banking system will be the “foundation layer” for Together’s new technology stack.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Marlette secures $225m Series E to grow Best Egg financial platform
The round was led by the Healthcare of Ontario Pension Plan (HOOPP).
UK consumer finance platform Lendable receives £210m funding to reach £3.5bn valuation
The new cash injection takes the company’s valuation up to around £3.5 billion.
Growth financing platform Capchase raises $80m Series B funding
Capchase CEO says funding businesses “is not a one-size-fits-all approach anymore”.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
Wolters Kluwer acquires International Document Services in $70m deal
IDS is expected to generate revenues worth approximately $15 million in 2022.
Banking Technology Magazine March 2022 issue out now
Cover story: HAVE A HEART – Injecting a little love into AI.
Indian fintech Money View lands $75m Series D funding
Money View is now valued at $625 million.
Property lender Better.com lays off more than 3,000 staff in fresh cuts
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
India’s CredAvenue hits unicorn status with $137m Series B round
CredAvenue will use the cash to invest in artificial intelligence, machine learning and data analytics.
BNPL platform tabby raises $54m in Series B extension round
The cash will go towards expanding its product offering and supporting its international expansion.
A new world: Mission Lane on helping the underbanked build credit
FinTech Futures discusses financial inclusion in the US with Mission Lane CEO Shane Holdaway.
Aussie BNPL firm Zip confirms Sezzle acquisition
The deal values Sezzle at approximately $360 million (AUD 491 million).
African asset financing platform M-Kopa raises $75m in funding
M-Kopa will use the new cash to grow its team and expand into additional countries.
Digital business bank Grasshopper relaunches with focus on supporting SMEs
The bank has brought in a new leadership team and implemented a new technology strategy.
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Pipe acquires Purely Capital to move into media and entertainment financing
Pipe claims to be “the creator of the world’s first trading platform for recurring revenues”.
TreviPay acquires fellow B2B paytech Baton Financial Services
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
Italian BNPL provider Scalapay raises $497m in Series B
Scalapay has also launched a checkout experience platform for e-commerce called Magic.
Extended deadline announced for Banking Tech Awards USA 2022
The new deadline for nominations is now Friday, 4 March 2022. Apply today!
BNPL provider ViaBill raises $120m in equity and debt
ViaBill’s funding round was led by London-based Fasanara Capital.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
Standard Chartered’s SC Ventures launches supply chain finance platform
SC Ventures says TASConnect will unlock “significant value” for organisations.
Finovate supplement: stand out and showcase your brand to fintech professionals
Our Finovate supplements are a great way for you to gain additional brand awareness.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
SME financing platform Funding Societies raises $294m in equity and debt
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
Rob Regan joins Hodge as new COO
Regan moves from digital savings, pensions and investment firm Ascentric, where he was CEO.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
UK alternative lender ThinCats secures additional £100m funding to support SMEs
ThinCats now has “£650m currently available to deploy in support of businesses across the UK”.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
Digital bank Tonik raises $131m, eyes international expansion
Tonik’s Series B equity funding round was led by Japanese banking heavyweight Mizuho Bank.
Revenue-based financing platform Silvr lands €130m Series A
Silvr intends to hire 100 people across its sales, marketing, product and tech teams.
US start-up LoanStreet closes $25m Series B funding round, eyes Canada
Founded in 2013, LoanStreet claims 1,200+ US banks, credit unions, and direct lenders as customers.
UK fintech Selina Finance raises $150m in Series B funding round
The funding is made up of $35m in equity and $115m in debt to fund further expansion.
Irish fintech start-up Wayflyer hits unicorn status with $150m Series B
The Dublin-based fintech is now worth $1.6 billion, making it Ireland’s sixth unicorn.
Chilean digital lender Mento goes live with Mambu’s tech
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
ICYMI fintech funding round-up: Akuvo, BFM, Billhop, Finverity, & LemonEdge
Our weekly round-up for you to get the latest fintech funding news.
