Tag: lending

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.

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.

Ghana-based FinTech company Fido has reportedly raised $30m in a Series A round, as well as an undisclosed amount in debt funding.

Swedish buy now pay later (BNPL) unicorn Klarna is reportedly facing a hefty downround, which would put its valuation at a third of its previous.

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

Constrafor, an invoice and contract management SaaS platform built for the construction industry, has raised over $100m for its seed round.