Global fintech investor Portage announced the launch of a late-stage, fintech-focused Portage Capital Solutions ("PCS") Fund. Co-Heads Daniel Ballen and Devon Kirk will lead the strategy, focusing on structured opportunities in fintech and financial...
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August 01, 2022, 08:04 AM
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Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. (Pivotal) has secured an additional funding facility with Mitsubishi HC Capital Canada, Inc....
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Oportun, an A.I.-driven fintech company, closed a $150 million credit facility secured by credit card receivables arising under the company’s Oportun® Visa® Credit Card issued by WebBank. WebBank is the lender under the new facility, which carries a...
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December 21, 2021, 08:04 AM
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Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, hired two financial technology industry veterans, Jon Burlinson as Chief Information Officer and Joshua Masia as Chief Product Officer, to...
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November 16, 2021, 06:00 AM
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Marble Financial, an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, entered into an arm’s length definitive credit facility...
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Marco, the first tech-enabled financing platform built for small and medium-sized exporters in the United States and Latin America, raised $82 million in seed funding. Led by Kayyak Ventures, the company has increased its credit line to $100M...
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Medallion Financial Corp. announced that Medallion Bank has entered into a definitive agreement with ClearGage, LLC to provide loan origination services. ClearGage operates a technology platform which allows merchants or providers to offer a point-of...
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Square announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.Square...
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Capify, a leading fintech small business lending platform, announced it has closed a $10 million equity round as well as continued support from Goldman Sachs Merchant Banking Division through its existing credit facilities.“The fact that we were able...
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September 30, 2020, 09:10 AM
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UniCredit has announced its collaboration with Taulia, a San-Francisco-based fintech that provides innovative, digital supply chain solutions for buyers and suppliers, including supply chain finance, cash forecasting, electronic invoicing, and...
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Fiserv, a global provider of payments and FinTech solutions, has announced the launch of FlexLine Advance, that lets consumers and small businesses facing income disruption and economic stress due to the COVID-19 pandemic to swiftly and affordably...
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The Covid-19 pandemic has rattled both public and private markets globally. VC-backed fintech startups are no exception, according to a new report from CB Insights. Across the board, fintech funding activity stalled in Q1’20 as the coronavirus...
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Kalamata Capital Group and its affiliates (Kalamata) have partnered with a bank that is an SBA-approved lender to provide automatic Paycheck Protection Program (PPP) loans to small businesses.Kalamata is a financial technology company that provides...
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Traditional banks will fall even further behind in market share and customer experience due to the global coronavirus pandemic, warns the CEO of one of the world’s largest independent financial advisory organizations.The comments from Nigel Green...
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Global Merchant Fund (GMF), announced an increase in the credit facility to $40,000,000 for a financial technology company based in western Canada. The increase will consolidate the company‘s existing facilities and provide additional liquidity to...
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Reich & Tang (R&T) is proud to partner with Metropolitan Commercial Bank (MCB), whose Ultra Insured Account offering provides FDIC insured deposit solutions to school districts and other municipal funds.MCB’s Ultra Insured Account helps school...
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February 24, 2020, 09:00 AM
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Noel Moran, the Chief Executive Officer of leading FinTech Prepaid Financial Services has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, finance, wealth and asset management, and investment firms...
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January 16, 2020, 09:00 AM
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FintechOS, the next generation of hyper-personalised, automated financial technology, announced today it has secured GBP 10.7 million (USD 14 million) of Series A investment. The funding was led jointly by Earlybird's Digital East Fund and OTB...
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December 10, 2019, 08:45 AM
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Brett Boehm, CEO of TBF Financial, will discuss ways lenders are selling their commercial debt to maximize return on non-performing accounts, as part of a panel session 9:30 a.m. Friday, Sept. 27 at LEND360 in Dallas.“Banks and equipment lessors have...
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September 18, 2019, 08:00 AM
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Breakout Capital, a leading fintech and nationwide small business lender, a SecurCapital company, announced the completion of a senior secured credit facility with Medalist Partners. This core facility will provide valuable runway for Breakout to...
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August 01, 2019, 09:00 AM
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Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally. The company is licensed in all 50 states and integrates seamlessly with the largest residential...
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Digitalization has been a huge disruptor for the financial industry, and Big Data has increasingly made its presence known in the financial services industry. To practice in an environment that melds finance principles with technical skills, finance...
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BitX Funding and Pelagic Capital are pooling resources to expand their offerings for business financing with combined decades of experience, strong alliances and an exceptional range of lenders. United in their objective to broker the ideal match for...
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In an ever-evolving supply chain finance (SCF) industry, financial technology providers continue to disrupt the bank-led status quo and garner an increasing market share. This is primarily due to their offering of flexible financing techniques and...
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College Ave Student Loans, the leading fintech lender in the student loan industry, announced that it has secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim...
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February 22, 2019, 09:00 AM
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Radius Bank, an industry-leading virtual bank, announced the recent launch of its enhanced online banking platform and Radius Mobile app. These new offerings were made possible by the partnership the Bank established with NYC-based financial...
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December 17, 2018, 08:00 AM
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Cred, a provider of crypto-backed lending with over $300 million in credit facilities, announced the launch of CredX, Cred’s developer platform, enabling any company or developer to turn their products into powerful financial applications for their...
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December 11, 2018, 08:00 AM
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BNB Bank, with assets of approximately $4.5 billion operating 38 retail branch locations serving Long Island and the greater New York metropolitan area, announces that it will use PayNet’s Credit History Report and MasterScore® v2 to digitize the...
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November 15, 2018, 09:00 AM
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iCapital Network, the financial technology platform democratizing alternative investments, announced that The Carlyle Group has invested in the company as a strategic partner.
The firm joins BlackRock (NYSE: BLK), The Blackstone Group (NYSE: BX)...
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November 13, 2018, 09:01 AM
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The shift to B2B digital payments is well underway among middle-market companies, but there are even more benefits that mid-sized firms can harvest from online payment processes. This is the top-line conclusion of Digital B2B Payments for Mid-Sized...
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November 06, 2018, 07:00 AM
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Just one year post-launch, Intuit Inc. shared the continued momentum of QuickBooks Capital, an innovative lending product that helps millions of QuickBooks small businesses get access to the capital they struggle to get elsewhere. Since launching...
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October 18, 2018, 07:00 AM
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IDC Financial Insights announced FIS and IBM top the 2018 IDC FinTech Rankings Top 100 and Enterprise 25 respectively. Now in its 15th year, the annual IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues...
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September 25, 2018, 07:00 AM
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Quiddity Group, Inc announced the first completely free deal platform catering to the middle market. Quiddity's DealHome allows buyers to enter specific criteria and get company matches sent directly to their inbox, without having to dig through...
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September 10, 2018, 08:00 AM
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Beacon Platform, Incorporated, a global financial technology company, has closed its Series A funding round, led by PIMCO, as previously announced. Barclays, a leading global investment bank, and Global Atlantic Financial Group, an innovative...
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September 10, 2018, 07:00 AM
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OpenFinance Network (OFN), an alternative asset trading platform for tokenized securities, has announced Anthony Pompliano as the newest member of its advisor committee and investor roster. Pompliano brings his experience as founder and partner at...
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August 06, 2018, 08:00 AM
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INCOME LOCKER (INLOCK), a platform where licensed lenders can compete for borrowers who want to use their cryptocurrency as collateral for loans, announced its global launch and the opening of its whitelist registration for an upcoming token sale on...
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August 03, 2018, 08:01 AM
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Monroe Capital LLC announced it co-sponsored Thunder Bridge Acquisition, Ltd., a special purpose acquisition company (SPAC), and entered into a forward purchase contract with Thunder Bridge. Thunder Bridge, which intends to focus its search on...
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Santander Bank's Business Banking clients are being introduced to a new Bank Operating System in a move that will deliver a superior digital experience for customers that is as configurable and personalized as it is fast and easy-to-use. The Bank...
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Leaders from industry, public policy, and academia are joining a Milken Institute effort to ensure that financial technology innovations are broadly and prudently made available to individuals and businesses, while simultaneously increasing the...
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Edison Partners, the growth equity investment firm, announced leading a $9.0 million growth investment in Chicago-based Bento for Business, a provider of financial management solutions for small and midsize businesses. Bento will use the funds to...
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TD Bank announced that it is the first and only top-10 U.S. bank to work with BizEquity to offer its small and mid-size business customers and prospects from Maine to Florida a fast and no-cost comprehensive business valuation through a cutting-edge...
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Fundbox, a provider of credit and payments for small businesses serving other businesses (SMB2B), announced that it has been selected as winner of the "Best Overall Business Lending Company" award by FinTech Breakthrough, an independent organization...
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Capgemini and Efma announced the launch of FinTechVisor, an innovative platform designed to bring FinTechs and financial institutions together to collaborate. The FinTechVisor portal offers a world-wide networking and collaborative community for...
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Cerebro Capital, an online platform designed to revolutionize how corporate credit facilities are sourced and managed, announced a Series A investment from Sterling Partners, a diversified investment firm committed to building great companies and...
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Analysts project that digital lending growth will slow down over the next several years as lenders look to build sustainable and profitable businesses focused on quality borrowers, a new report from S&P Global Market Intelligence says. The 2017 U.S...
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December 11, 2017, 08:00 AM
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PayNet, Inc., a provider of credit assessments on privately held commercial lending businesses, addressed The Congress of the United States, U.S. House of Representatives, Committee on Small Business to testify on online lending’s role in improving...
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October 27, 2017, 07:01 AM
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SAP SE announced that Lloyds Banking Group will boost its payment capabilities and provide corporate and institutional clients with a cash management and payments platform from SAP, powered by SAP HANA®. By bringing new digitalized functionalities to...
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October 24, 2017, 08:00 AM
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HighRadius Corporation, a provider of cloud-based Integrated Receivables software, raised $50 million in growth funding from Susquehanna Growth Equity to continue its aggressive growth and expand its presence globally. HighRadius works with hundreds...
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September 20, 2017, 08:01 AM
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Citizens Bank announced that it will partner with Bottomline Technologies to deploy a market-leading online and mobile banking platform for its Commercial and Business Banking clients.The new digital banking platform will provide clients with an...
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BMO Harris Bank announced a partnership with 1871 – a leading technology and entrepreneurship ecosystem which is currently home to nearly 500 high-growth digital startups in the Merchandise Mart – that will provide a select group of FinTech startups...
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Bizfi expanded its business lending capabilities through a funding partnership with InterNex Capital, an asset-based digital lender. The partnership will allow small to mid-sized businesses in manufacturing, wholesale, trucking, business and...
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December 15, 2016, 07:33 AM
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Online lending platform Avant announced two closed transactions, including a $255 million 144A asset-backed securitization deal and the renewal of its $392 million warehouse facility held by J.P. Morgan and Credit Suisse.The three tranche AVNT 2016-C...
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August 16, 2016, 07:51 AM
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US Capital Partners Inc. announced the successful initial closing of an investment facility of up to $1.25 million for CommunityLeader, Inc. (“CLI”). CLI is a Nevada-based FinTech business that offers proprietary online securities offering platforms...
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August 03, 2016, 07:29 AM
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Townsquare Media, Inc., a leading media, entertainment and digital marketing solutions company focused on small and mid-sized markets and Lendio Inc., a leading marketplace for small business loans, announced an exclusive partnership designed to fuel...
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Lendio, a leading marketplace for small business loans, announced it has joined website domain registration site GoDaddy marketplace to support the funding needs of more than 14 million small business owners and entrepreneurs. This will not only...
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US Capital Partners Inc. has been engaged by DelphX Corporation as its exclusive strategic advisor in capital formation needs. DelphX has designed a confidential network for direct negotiation of corporate bonds and other fixed income securities...
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P2Binvestor, a leading marketplace lender for asset-based working capital, today announced a new relationship with MW Eaglewood Americas LLC, an SEC-registered investment adviser."We are excited to finalize a relationship with one of the top funds in...
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US Capital Partners Inc. has been engaged by CommunityLeader, Inc. (“CLi”) as its exclusive strategic advisor in capital formation needs. CLi will use the new financing to upgrade tech infrastructure, expand customer service, increase sales and...
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