Marketplace Lending

Buy now and pay later FinTech startup Alma has reportedly raised €12.5m in funding from Idinvest and Isai.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.

Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.

Small business loan provider iwoca has released a new OpenLending solution which hopes to help companies brace the troubles of COVID-19 (coronavirus).

Boro, a lending platform for students, has closed its Series A round on $12m as it looks to reach more states in the US.

Purely Capital has launched a FinTech platform to improve the process of financing film and TV production as well as boosting creators' cashflows.

FlexxPay, a startup empowering more control over when employees access their cash, has reportedly closed a new funding round from MEC Ventures.

Having already signed deals with Mambu and nCino for parts of its infrastructure, SME banking startup Recognise has now inked another deal.

Leap Finance, an international education loan provider, has reportedly secured $5.5m in a funding round led by Sequoia India.