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.
LendTech
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.
Join FinTech Futures’ 40th Anniversary Summer Party
A wonderful evening of networking, food, drink, and panoramic views of London – free to attend!
JP Morgan taps Sharegain for digital securities lending solution
Sharegain’s SLTech solution allows investors to generate revenue through loaning out their financial assets.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Finbots.ai credit modelling platform to power Argenic’s SME lending
The partnership will support Argenic’s financial inclusion drive for underserved Australian SMEs.
FinTech Futures is the new home for the Dave & Dharm Demystify podcast
Demystifying the latest trends, technologies and innovations that shape the future of finance.
SME Finance secures €100m credit facility from London’s Fasanara Capital
The latest funding brings the total committed from Fasanara to €240 million.
How fintech start-ups are driving the ethical finance revolution
FinTech Futures chats with three ethical fintech firms operating in the UK.
DMI Finance bags $400m equity funding led by MUFG
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
SoFi acquires Wyndham Capital Mortgage in all-cash deal
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
Banking Technology Magazine April 2023 issue out now
Cover story: TRANSFORMATION INTERVENTION – It’s never too late to recalibrate.
Seattle Bank partners LoanStar for embedded consumer lending solution
Seattle Bank customers can now access loans for high-value transactions directly through merchants.
Syndicated loan platform Versana bags $40m in equity capital
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo have all invested capital.
Indian lendtech Stashfin secures $100m in debt funding
The latest funding follows the company’s $270 million Series C round held in June last year.
Plend partners GoCardless for variable recurring payments solution
VRPs will allow Plend customers to change their payment schedule to suit their financial circumstances.
Bluestone to sell UK specialist mortgage business to Shawbrook
The deal is expected to close in Q2 2023 and the business will continue to trade under the Bluestone brand.
Saudi BNPL firm Tamara lands $150m debt facility from Goldman Sachs
The receivables warehouse facility will help Tamara finance the accelerating demand for its flagship BNPL product.
US corporate card start-up Parker secures $157m in equity and debt funding
Parker will invest in its product offering as it aims to expand across the US in 2023.
Consumer finance firm JIVF taps OpenWay for credit products platform
This is the first OpenWay installation of its Way4 platform on Oracle Cloud in Southeast Asia.
How to collect your outstanding debt in a few steps
Avoid incremental bad debts by adopting few recommendations that will bring quick wins and improvement in your collection’s activities.
UAE lendtech Ezra appoints new chief risk officer, Andrew Goodrich
Goodrich will lead the data engineering, predictive analytics, credit risk and fraud functions across Ezra.
