Tag: Loans

Just 10 months after its first financing round, SME non-dilutive financing provider Karmen has raised €50m in debt.

India-based Lentra, which offers AI-powered lending services, has reportedly collected $60m for its Series B funding round, which values the business at $400m.

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 

UK-based ethical lender Plend has reportedly raised £40m in a seed funding round, as it looks to put an end to financial exclusion.

Zest AI, which automates underwriting with better lending insights, has closed a growth round on $50m.

Lendbuzz, which claims to be disrupting the car financing market through AI and machine learning, has secured a credit facility on $150m.

Bags, a small business loan discovery and management platform, has closed a seed funding round on $3m.

France-based Silvr has raised €130m for its Series A investment round, which will aid its hiring efforts.

Open banking platform Tink warns that traditional lending models are broken and “no longer fit for purpose” in the current economic climate.

Uganda-based digital lending platform Numida has reportedly raised $12.3m in its pre-Series A funding round, which comprised of equity and debt.