SME Finance

CredAble, which aims to help SMEs tackle working capital and credit challenges, has raised $9m.

Defacto, a credit infrastructure platform, has raised €15m in a funding round, which was led by Northzone.

Aspire, a platform designed to help a businesses with their financial needs, has partnered with RegTech provider Know Your Customer, to facilitate access to its financial products to underserved SMEs and entrepreneurs across Southeast Asia.

Oxbury, an agricultural bank that lends to farmers, has raised £20m in funding following its £31m Series C funding round in March this year.

India-based FinTech GetVantage has reportedly scored $36m in a growth round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund.

Ophelos, which leverages AI to improve the debt resolution process, has reportedly collected £5m in its seed round.

Google has reportedly joined the $40m Series C funding round of India-based SME lending business Progcap, which has tripled its valuation to $600m.

B2B buy now pay later platform Playter has reportedly collected $55m in funding, which was mixed with debt and equity.

B2B buy now, pay later service provider Hokodo has picked up $40m in funding as it looks to expand into new European markets and build new products.

UK business challenger bank Allica Bank has secured ?55m in fresh funding, just seven months after closing ?110m in its Series B.