Marketplace Lending

ClearScore acquires Aro Finance to boost embedded finance and secured lending

ClearScore acquires Aro Finance to boost embedded finance and secured lending

The ClearScore Group, a leading global FinTech and data-driven financial marketplace, has announced its acquisition of Aro Finance.
JeelPay secures $6.6m to grow BNPL platform for tuition financing

JeelPay secures $6.6m to grow BNPL platform for tuition financing

Saudi BNPL company JeelPay, a specialist in education-focused financing solutions, has successfully raised SAR 25m ($6.6m) in a Pre-Series A investment round.
Billboxx secures $1.6m pre-seed funding to tackle SME cash flow in Africa

Billboxx secures $1.6m pre-seed funding to tackle SME cash flow in Africa

Billboxx, an integrated billing-to-payment platform focused on ensuring timely payments for businesses across Africa, has closed a $1.6m pre-seed funding round.
Litigation FinTech Sandfield Capital secures £600m facility for expansion

Litigation FinTech Sandfield Capital secures £600m facility for expansion

Sandfield Capital, a Liverpool-based litigation FinTech company specialising in loans for legal claims, has secured a £600m facility from Perspective Investments.
Affirm partners with Sixth Street to secure $4bn for loan expansion

Affirm partners with Sixth Street to secure $4bn for loan expansion

Affirm Holdings, the FinTech payment network known for its transparent consumer financing solutions, has secured a major capital partnership with Sixth Street.
Fora Financial secures $200m credit facility to boost SMB funding capabilities

Fora Financial secures $200m credit facility to boost SMB funding capabilities

Fora Financial, a prominent provider of flexible financing solutions for small- and medium-sized businesses (SMBs) across the United States, has announced the closing of a new two-year revolving credit facility worth $200m.
OpenTrade secures $4m to expand real-world asset-backed stablecoin products

OpenTrade secures $4m to expand real-world asset-backed stablecoin products

OpenTrade, a London-based platform specialising in real-world asset-backed stablecoin yield products, has raised $4m in a seed extension round led by AlbionVC. Returning investors a16z and CMCC Global also participated in the funding.
Freight FinTech Solvento secures $12.5m to expand cross-border trucking services

Freight FinTech Solvento secures $12.5m to expand cross-border trucking services

Freight payments platform Solvento has raised $12.5m in its Series A funding round led by venture capital firm Cometa. The funding round also saw participation...
Litigation FinTech Sandfield Capital secures £10.5m facility with Altimapa Capital

Litigation FinTech Sandfield Capital secures £10.5m facility with Altimapa Capital

Sandfield Capital, a litigation FinTech specialising in disbursement funding for legal cases, has secured a £10.5m funding facility through Altimapa Capital, a debt finance specialist.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.

News Stories

Payments and AI drive $361m in FinTech funding this week

Payments and AI drive $361m in FinTech funding this week

A total of approximately $361m was raised across 16 FinTech funding and investment deals this week, with Ingenico’s €150m investment emerging as the biggest...
Netbacks vs capacity: energy trade's hidden tension

Netbacks vs capacity: energy trade’s hidden tension

As energy security climbs the agenda for markets worldwide, understanding what really drives shipping flows has become increasingly relevant, according to analysis from LSEG...
Xceptor expands SaaS to Switzerland and Japan

Xceptor expands SaaS to Switzerland and Japan

Xceptor, a specialist in data automation technology for capital markets firms, has extended its software-as-a-service offering into Switzerland and Japan. The expansion brings sovereign-grade SaaS...
AdvisorFinder unveils Intelligence for AI visibility

AdvisorFinder unveils Intelligence for AI visibility

AdvisorFinder, a growth platform built for financial advisors, has introduced a new offering called AdvisorFinder Intelligence, aimed at helping advisors understand and improve how...

FE fundinfo brings Irish tax modelling to Nexus

FE fundinfo, a technology provider whose Nexus for Financial Advisers platform connects cashflow planning, investment research and client management for advice firms, has introduced...

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