Avant secures $250m corporate debt from Ares
Avant, a credit-first FinTech company, has received $250m in corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds.
Pylon nets $8.5m to bring mortgage tools to non-lenders
Pylon is a startup that is helping lenders and FinTechs embed end-to-end mortgage tools, and it has reportedly raised $8.5m in its seed round.
KLAIM plans to raise $5m for its latest funding round
KLAIM has raised $5m in its latest funding round, which will help it scale receivable purchase operations in the UAE.
AI-powered lending company Lentra hits $400m valuation
India-based Lentra, which offers AI-powered lending services, has reportedly collected $60m for its Series B funding round, which values the business at $400m.
Plend raises £40m to help end financial exclusion
UK-based ethical lender Plend has reportedly raised £40m in a seed funding round, as it looks to put an end to financial exclusion.
Car financing company Lendbuzz secures $150m in a credit facility
Lendbuzz, which claims to be disrupting the car financing market through AI and machine learning, has secured a credit facility on $150m.
Loan discovery and management firm Bags packs up $3m
Bags, a small business loan discovery and management platform, has closed a seed funding round on $3m.
Open banking-powered lender Koyo raises ?100m
Open banking-powered lender Koyo has reportedly raised ?100m in debt and ?5m in its Series A round.
Tally bags $80m to free customers from the “cycle of debt”
Tally, a financial automation company, has raised $80m in Series D funding led by Sway Ventures.
Traditional lending models not ‘fit for purpose’ – Tink claims
Open banking platform Tink warns that traditional lending models are broken and “no longer fit for purpose” in the current economic climate.
© FinTech Global © Copyright 2024. All rights reserved.
