Challenger bank lending continues to climb with 11% uptick in 2020
Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.
Facebook teams up with Indifi to offer loans to small businesses in India
Facebook has partnered with an Indian online lending firm Indifi to help provide loans to small domestic businesses, as part of a push to bring more businesses to advertise on its platform.
Enable reels in $45m from Norwest-led Series B
Cloud-based software solution Enable has secured $45m from a Series B funding round led by Norwest Venture Partners.
Invoier collects investment from European Innovation Council
Invoier, a marketplace for trading invoices, has received a €4.1m investment from the European Innovation Council (EIC) Fund.
Ritmo bags €13.8m seed funding to scale into new markets
Spanish FinTech firm Ritmo has raised €13.8m from a seed funding round led by JME Ventures.
LatAm’s Xepelin reels in $230m in debt equity from Kaszek and Tiger Global, Clara...
Chilean FinTech that provides an online financial services platform for SMBs Xepelin raised $30m in equity and $200m in credit facilities led by Kaszek Ventures with participation from DST Global.
Behalf banks $100m debt facility to scale its B2B BNPL offering
Buy Now, Pay Later (BNPL) FinTech startup Behalf, has raised $19m in new venture financing alongside a debt facility that brings the total to...
FinTechs use market alliances to offer leading savings products, research finds
Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.
Capchase reels in $280m for its alternative financing platform and newly launched BNPL solution
Non-dilutive capital provider for recurring revenue businesses, Capchase raised an additional $280m in new debt and equity funding led by i80 Group, less than seven weeks after a $125m round.
Currencycloud highlights the rise and evolution of invoice finance
Cross-border payment technology developer CurrencyCloud has recently posted a blogpost detailing the ‘rise and evolution’ of invoice finance.
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