India-based U GRO CAPITAL said to raise $53.4m in a funding round
India-based U GRO CAPITAL has reportedly received INR 400 crore ($53.4m) in a mixture of non-convertible debentures (NCDs), term loans and commercial papers.
American Express acquires small business loans FinTech Kabbage
American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.
Lending platform SuperSim said to raise $5.6m in funding
Brazil-based SuperSim has reportedly netted $5.6m in a debt financing round, which will help more consumers in Latin America access funding.
Cybersecurity and InsurTech startups behind many of the 27 rounds raised last week
Of the 26 FinTech companies to raise rounds in the last seven days, cybersecurity and InsurTech companies enjoyed the most cash injections.
Square is testing short-term small loans through its Cash App.
Payment solutions provider Square is trialling a small and short-term loan feature in its Cash App.
Axle Payments said to raise $27.7m in a round of debt and equity
Axle Payments has reportedly bagged $27.7m in a mixture of debt and equity to increase its market spread.
ElGameya secures six-figure investment to support development of group lending solution
Group lending app ElGameya has reportedly bagged six-figure pre-seed investment from an angel syndicate.
Mexico-based Creze reportedly bags $12m in funding
Mexico-based FinTech startup Creze has reportedly raised MXN $265m ($12m) in a funding round from unnamed investors based in the country.
Blend bags $75m and nearly hits the $1.7bn valuation mark
Lending solutions provider Blend has picked up a valuation close to $1.7bn on the back of a $75m funding round and is now planning to solve banks' Covid-19 problems.
Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake
Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.
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