Tag: lending

PropTech platform Oper, which enables digital mortgages, has collected €11m in its Series A funding round.

Digital personal finance company Freedom Financial Network has closed a securitisation of $323m in rated notes backed by FreedomPlus personal loans.

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.

 UK-based buy now, pay later (BNPL) unicorn Zilch has raked in an additional $50m for its Series C round, bringing the round’s total to $160m.

Turno, which offers loans to buy electric vehicles, has launched out of stealth after closing a $3.1m funding round.

South Africa-based Yellow, which offers energy financing products to low-income households in Africa, has reportedly collected $20m in debt funding.

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

Over the past few years, alternative lending has seen its position in the lending market grow considerably as needs and requirements change. In a recent post by cross-border payments firm Currencycloud, the company outlined why it believes alternative lending is not a passing trend.

Microfinance platform Annapurna Finance has reportedly raised $15m in a Series A2 round, to improve access to loans.