SME Finance

UK FinTech startup Hydr has launched an invoice finance platform focused on tackling ‘poor payment culture’ among SMEs.

UK-based startup which provides funding to startups without taking equity Uncapped raised an $80m funding round to launch a suite of banking services tailored for tech-driven companies.

Swiss banking technology firm Temenos will be able to offer money transfers on its platform following an agreement with FinTech juggernaut Wise.

Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.

India-based FinTech unicorn Pine Labs raised $285m in a new round of funding which valued the firm at $3bn.

US card issuing platform Marqueta has partnered with Swissquote to provide an app-based card program that offers banking and investing services in a single space.

FinTech offering LatAm businesses access to growth capital Divibank closed a $3.6m round of seed funding led by San Francisco-based Better Tomorrow Ventures and Village Global which includes Bill Gates, Jeff Bezos and Mark Zuckerberg as investors.

UK FinTech Lanistar has secured Financial Conduct Authority (FCA) approval to operate as an Electronic Money Directive (EMD) agent of payments business Modulr.

FinTech-focused VC company Information Venture Partners has closed its third investment fund and has raised a total of $101m.

Venture capital startup Launchpad Capital is investing up to $35m in early-stage Lithuanian startups who are looking to break into the North American market.