Novo secures $125m credit facility to provide working capital to small businesses through Novo Funding
Once approved, small businesses will have instant access to up to $75,000 of working capital.
LendTech
UK consumer lending start-up Koyo Loans closes down
All of Koyo’s existing loans have been transferred to Capquest for management.
Settle secures $145m credit facility from Silicon Valley Bank
Settle will use the expanded facility to boost its lending to e-commerce and consumer brands.
Italy’s Mediobanca partners Founders Factory for new UK fintech venture studio
The joint venture is central to the Italian bank’s strategic plan to strengthen its technology ecosystem.
Bain Capital buys majority stake in India’s Adani Capital, invests $120m to boost growth
Bain Capital will pick up a 90% stake, with current CEO Gaurav Gupta retaining the other 10%.
Q&A: David Morris, CCO of Yorkshire Building Society – automation, digitalisation & service
David Morris discusses automation, its impact on customer service and the changing nature of branch-based banking.
Filipino fintech start-up Salmon lands $20m debt funding
Salmon says the investment marks the “largest ever” debt financing for a Series A tech company in the Philippines.
Webinar | 6 September 2023: Pioneering innovative partnerships – unveiling the game-changing fintech hybrid model at the point-of-need
An insightful journey through the experience of the successful implementation of the hybrid start-up model.
Swiss SME lender TP24 secures £345m debt funding from Barclays, M&G
The funding will be used to lend to SMEs in the UK, Australia and Netherlands.
US fintech Earnest partners Nova Credit to make international student loans more accessible
The partnership seeks to provide better financing opportunities to foreign-born students in the US.
Nav announces second acquisition of the year with start-up Tillful
In addition to the asset acquisition, many of Tillful’s employees will be joining Nav in senior roles.
FinTech Futures celebrates 40th anniversary with unforgettable summer party in London
Watch the highlights video from FinTech Futures’ 40th anniversary summer networking party.
Defacto secures credit facility of up to €167m with Citi and Viola Credit
The fund will have an initial size of €67 million, with increases subject to consent from the lenders.
Norway’s SPK selects Mambu and Knowit to support its upcoming housing loan solution
Mambu’s cloud technology and Knowit’s loan origination solution are to support the SPK’s housing loan offering.
Grow Finance joins Pismo as its first Australian client for card issuance
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
Egypt Post meets SME financing capabilities with Qardy partnership
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Banking Technology Magazine July / August 2023 issue out now
Cover story: THE BEST OF BANKING TECH USA – Winners and pictures from an amazing night.
Jirnexu co-founders step down from leadership positions at the company
The company’s co-founder Hann Liew confirmed his and Lucas Ooi’s decision this week.
Silvr secures up to €200m credit facility to close European SME funding gap
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.
Over 150 senior-level executives set to join FinTech Futures’ 40th Anniversary Summer Party
We’re celebrating our 40th anniversary on Thursday 6 July at our spectacular summer party!
ICYMI fintech funding round-up: Kanastra, Majority & Cloudbankin
Our weekly fintech round-up for you to get the latest funding news from around the world.
Indian lendtech firm Lentra secures $27m in Series B extension
Lentra plans to use the new funds to fuel its international expansion and product development.
Amplifi Capital raises £50m from M&G to boost the UK credit union sector
Amplifi Capital is the company behind UK financial services brands My Community Finance and Reevo Money.
Banking Technology Magazine June 2023 issue out now
Cover story: BRAINIAC – Generative AI and banking
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
Swiss fintech Teylor lands €275m debt funding
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
New CEO of Pipe builds “fintech dream team”
Pipe makes new hires across technology, innovation, product, risk, and operations.
FinovateSpring 2023: The top trends shaping the future of financial services
This year’s FinovateSpring conference has put digital transformation and innovation at the top of the agenda.
Ex-NatWest exec Julie Ashmore joins lendtech Muse Finance as COO
Julie Ashmore moves to Muse Finance from NatWest Rapid Cash where she was CEO.
Australian government set to regulate BNPL industry
Australia aims to introduce the final BNPL bill in the parliament by the end of 2023.
US proptech Setpoint acquires Resolute to “revolutionise fintech lending”
Resolute is a due diligence provider focused on single family rental (SFR) and residential transition loans (RTL).
Tilta taps Mambu to launch embedded purchase lending solution
Tilta’s infrastructure for e-commerce marketplaces allows them to earn a percentage of every transaction.
Save the Date: FinTech Futures’ 40th Anniversary Summer Party – 6 July 2023
Hear Julie Ashmore-Dann about her journeys to the North and South Poles and climbing Mount Kilimanjaro.
NewDay partners ClearScore’s D One for open banking credit assessments
D One’s approach opens credit to those with limited credit histories and supports responsible lending.
Dopamine, BNPL and subprime lending
How can BNPL be structured to serve consumers better and help them be more responsible?
Join the elite panel of judges for Banking Tech Awards 2023
Apply to become a judge for the Banking Tech Awards 2023!
Student lender MPOWER secures $150m loan facility from Goldman Sachs
The Washington DC-based lender will use the facility to hand out more loans to international students.
Banking Technology Magazine May 2023 issue out now
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
eBook: SME lending – the road to real-time approvals
Discover how rapid innovation, smarter decisioning and faster approvals can be yours.
eBook: Back to the future – 8 features of fast and future-proof BNPL technology
Discover the tools you need to get ahead and stay ahead as BNPL grows its market share.
