Australia’s Summerland Bank taps nCino for loan origination solution
The bank will leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
LendTech
2024 Document Fraud Report
From first-party fraud to fraudulent templates available online, here are the most critical risks teams who fight fraud should be aware of.
Successful AI driven marketing strategies are inextricably linked to high quality data and efficient delivery thereof
Is your data strategy up to the challenge? Learn how artificial intelligence can help you reinvent marketing ops.
Pagaya secures five-year $280m credit facility led by BlackRock
The new facility consists of a $255 million term loan and a $25 million revolver.
ID Finance lands $150m debt financing headed by i80 Group
ID Finance claims the financing marks its “largest ever financing round” to date.
Westpac taps Dancerace to upgrade its invoice finance operations
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass
The software will support the origination of mortgages for high-net-worth borrowers.
Banking Technology Magazine February 2024 issue out now
Cover story: PLANT LIFE – Talking flora and quantum computing.
ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Offa taps Finova to power new Sharia-compliant property lending platform
The move comes as part of a £1 million investment by Offa to upgrade its IT systems.
Amplifi Capital lands £22.5m funding to fuel Reevo Money expansion
Reevo Money was launched by Amplifi Capital in 2022 and is the firm’s second customer-facing brand.
YouLend secures £4bn private securitisation deal with JP Morgan
The deal will enable YouLend to provide additional revenue-based financing to SMEs.
BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
The LA-based fintech says it will use the facility to attract and retain more customers.
Ally Financial sells POS financing business to Synchrony
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
SME lender FundPark doubles credit facility with Goldman Sachs to $500m
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
US private equity firm WCAS buys majority stake in EquiLend
WCAS will also commit $200 million to fuel the future growth of EquiLend.
India’s DMI Group snaps up BNPL fintech ZestMoney
The fire sale deal follows reports in December last year that ZestMoney was closing down.
DirectID founder James Varga departs after 13 years
Varga says he has made the “pivotal decision to move on” from the Scottish risk and decisioning firm.
Real estate fintech start-up Downpayments launches in Florida with $32.8m in debt and equity funding
The start-up seeks to provide property investors with interest-free down payments on their next home purchase.
Capital on Tap triggers leadership reshuffle
Co-founder David Luck will assume the role of executive chairman, while CPO Damian Brychcy takes on the role of CEO.
Kazakhstani fintech Solva eyes future as SME-focused bank following $20m investment
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
UK neolender Updraft secures £272m in mix of debt and equity funding
The start-up previously raised £108 million in debt and equity funding last December.
BCFC launches lending app in Bahrain powered by Codebase Technologies and Atyaf eSolutions
The companies first announced their partnership in August 2022.
CSI snaps up partner Hawthorn River for single-platform loan origination system
CSI initially struck a partnership with Hawthorn River in October to utilise its tech.
US fintech start-up SellersFi secures new credit facility of up to $300m
The credit facility has been provided by Citi and long-time financing partner Fasanara Capital.
French fintech Unlimitd boosts financing capacity to €100m as ACP takes majority stake
Founded in July 2021 by Julien Zerbib, Unlimitd provides revenue-based financing to digital companies.
Video: Highlights from the Banking Tech Awards 2023
Watch the highlights from an incredible evening celebrating the best and brightest in banking technology and fintech.
Saudi business lending marketplace Lendo gears up for IPO with $28m Series B
Lendo has announced it plans to pursue an IPO “within the next few years”.
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Funding Circle appoints Coconut co-founder Adam Goodall as VP of product
Goodall joins Funding Circle from Coconut, a UK-based bookkeeping start-up he co-founded in 2016.
Liberis bags $112m in debt financing to fuel expansion in North America and Europe
Liberis plans to go live in Canada, Germany and Poland in 2024.
UAE fintech start-up Flow48 lands $25m pre-Series A funding
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
AI-backed Aussie risk decisioning firm Rich Data Co raises $17.5m Series B
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
Congratulations to the winners of the Banking Tech Awards 2023
Check out the winners and highly commended from the 24th annual Banking Tech Awards ceremony.
Nucleus Commercial Finance secures £200m funding facility from NatWest
The new facility brings its total lending capacity to date to £900 million.
Swedish lender Froda hires former Klarna director Roger Forsberg as CTO
Forsberg is expected to form and execute a strategy for Froda’s loan products and embedded finance operations.
FCA greenlights Klarna for payment and credit services in the UK
A newly formed entity, Klarna Financial Services UK, will now provide all consumer-facing services in the country.
ICYMI fintech funding round-up: Kiwi, ID Finance, Crezco and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK’s Kodelab to provide lending tech for HKMA CBDC pilot with Ripple and Fubon Bank
The pilot is part of the HKMA’s three-stage approach to CBDC development.
