Alternative finance

253 articles tagged with this keyword

/retail

Tally, a credit card debt fintech last valued at $855 million, shuts up shop

Credit card debt payoff platfom Tally is shutting down after a nine-year timeframe that saw it raise $172 million in venture funding.

/startups

Egyptian lending marketplace Qardy secures pre-Seed investment

Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.

/payments

Stripe launches payment and financing tools in the UK

Stripe is strengthening its position in the UK, opening a flagship London office in the heart of the City and launching its first Open-Banking-powered payment method and new financing options for small businesses.

/wholesale

Barclays invests in Funding Xchange

Barclays has led a Series B financing round for Funding Xchange (FXE), a provider of white-label software for lenders to SMEs. The size of the round was not disclosed.

/payments

David Birch confirmed as EBAday 2024 challenge speaker

Exploring digital money, digital assets, digital identity and the future of banking, David G. W. Birch has been confirmed as the keynote speaker for one of the most compelling sessions at EBAday every year.

/crypto

ZA Bank launches services for stablecoin issuers

ZA Bank has launched banking services for stablecoin issuers, in part of their ‘Banking for Web3’ initiative.

/retail

ZayZoon raises $15m for earned wage access platform

ZayZoon, an earned wage access provider for SMEs has raised $15 million in a Series B extension led by Viola Fintech.

/wholesale

Wayflyer moves into brick-and-mortar segment

Cash advance platform Wayflyer is to expand its offering beyond online-only businesses to support brands that sell into brick-and-mortar retail channels.

/retail

SC Ventures launches supply chain financing marketplace for Ghanaian MSMEs

Standard Chartered's innovation and investment arm SC Ventures is launching a B2B online marketplace offering small firms in Ghana access to financing options.

/retail

Amazon and SellersFi partner to offer sellers credit lines

Amazon is teaming up with SellersFi to offer sellers on its platform credit lines of up to $10 million.

/wholesale

Citi partners LuminArx on private lending venture

Citi is teaming up with alternative investment manager LuminArx Capital to launch a private lending vehicle for companies.

/startups

Irish association calls for national fintech centre

A lobby group representing Ireland's financial services sector has called on the government to establish a physical centre for fintech firms.

/wholesale

SME lender iwoca secures £200 million finance line

SME lender iwoca has raised a new £200 million funding line from Baclays Bank and Värde Partners after reaching £2.5bn in finance lent.

/startups

African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

/crypto

Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).

/startups

Kenyan fintech Zanifu raises $11.2m

Kenyan startup Zanifu has raised $11.2 million in debt-equity funding for its platform providing micro, small and medium-sized businesses with inventory financing.

/crypto

Slovenia ranked as EU's most crypto-obsessed country

Slovenia has emerged as the most 'crypto-obsessed' state in Europe, according to recently published research.

/crypto

Survey suggests industry divided on CBDCs

The majority of finance professionals do not support the launch of central banking digital currencies (CBDCs) according to recently published research.

/payments

SumUp scoops $100 million credit facility for roll out of cash advance product

London-based unicorn SumUp has picked up a $100 million credit facility from Victory Park Capital to drive the launch of a cash advance product for UK and European merchants.

/retail

Novo launches working capital product for SMEs

Novo, a provider of digital-only banking services for US small businesses, has secured a $125 million facility for the launch of a working capital product.