70% of UK SMEs lean on FinTech lenders during cost of living crisis
Four in ten UK small and medium-sized businesses (SMEs) now prefer to tap into the services of FinTech lenders over mainstream banks, a marked shift in the world of business finance.
Nova Credit bags $45m to supercharge cash flow underwriting in the credit sector
Nova Credit, the "data analytics firm enabling businesses to achieve sustainable growth by leveraging alternative credit data," has announced a $45m Series C round.
India’s credit solution pioneer DPDzero raises $3.25m led by Blume Ventures
DPDzero, a groundbreaking FinTech firm in India, has successfully concluded its latest funding endeavour. The company, which focuses on AI-powered collections and debt recovery solutions, raised an impressive $3.25m in a funding round.
Gillmore Centre reveals: Online lending as the leading asset class for 2023
Online lending has the potential to outpace stocks, bonds, and real estate in profitability, based on the recent findings from the Gillmore Centre for Financial Technology.
German FinTech Solaris in tight spot getting funding
Solaris, a prominent figure in the German FinTech sector, is experiencing hurdles as it tries to garner the necessary funding, casting shadows over its capability to fulfil a pivotal credit card agreement for ADAC, Europe’s leading motorists association. This situation hints at emerging challenges in the European FinTech domain.
FinTech firm CredRight secures $9.7m in funding round
FinTech startup, CredRight, based in Hyderabad, has successfully raised approximately $9.7m, a combination of both equity and debt.
auxmoney expands European presence by acquiring majority in Lender & Spender
auxmoney, a prominent European digital-lending platform, has acquired the majority share in Lender & Spender BV, the Netherlands' leading tech-enabled credit marketplace.
Building upon its...
Ed-FinTech pioneer GradRight lands INR 50 crore from IvyCap Ventures
GradRight, the B2C-SaaS ed-fintech ecosystem, seamlessly integrates prospective students, universities, and lenders on one unified platform. The ed-FinTech startup has impressively secured INR 50 crore in a Series A round of financing.
Novo introduces Novo Funding, securing $125m facility
Novo, described as a "powerfully simple" financial platform for small businesses, has announced the launch of a new offering, Novo Funding, designed to provide rapid and flexible access to working capital.
Earned wage access FinTech Immediate bags $16m in a growth round
Based in Birmingham, Alabama, Immediate, an innovative FinTech company specialising in earned wage access, announced a successful round of growth funding.
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