SoFi Technologies announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group. The agreement will expand SoFi’s capabilities in its loan platform business, where the company...
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October 15, 2024, 07:50 AM
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B. Riley Securities served as lead bookrunner to Atlanticus Holdings Corporation in the closing of its $60 million principal amount of 9.25% Senior Notes due 2029 in previously announced follow-on offering.Atlanticus is a financial technology company...
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August 09, 2024, 07:00 AM
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BHI, the U.S division of Bank Hapoalim entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March...
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Kapitus, a provider of financing for small and medium sized businesses, closed a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the Company’s total debt facilities to $585 million. Proceeds...
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Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, closed a $100 million credit facility with MUFG. The additional warehouse capacity will fuel Lendbuzz’s continued loan origination...
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Bastion Management agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates. The new facility will...
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Credibly announced the close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes. The issuance...
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Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin...
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LendingTree has secured up to $175 million in financing in the form of a first lien term loan facility from funds managed by Apollo affiliates (the "Apollo Funds").LendingTree intends to draw $125 million of the facility upon funding while the...
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Float, one of Canada’s fastest growing fintechs, kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank. Under the terms of...
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February 14, 2024, 07:35 AM
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Breakout announced that the Company has unveiled a new brand identity, reflecting its redefined strategy focused on delivering a comprehensive suite of specialized lending products to address the unique challenges of its small business clients...
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November 14, 2023, 07:03 AM
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Castlelake, a global alternative investment firm specializing in asset-based opportunities and Oportun, a mission-driven fintech, announced the entry into a new agreement whereby certain of Castlelake funds and affiliates, will provide a $200 million...
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October 23, 2023, 08:30 AM
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Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate...
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October 23, 2023, 08:09 AM
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Lighter Capital closed two funding facilities: $100 million in the U.S. and Canada provided by Atlas, a division of Apollo Global Management and i80, and $30 million Australia provided by the Victorian Government and iPartners. Lighter Capital will...
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August 31, 2023, 07:42 AM
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OneBlinc, a leading fintech company specialized in providing payroll loans for Federal employees, secured a new $100 million credit facility with Clear Haven. This significant financial milestone aims to fuel future portfolio growth and refinance...
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August 17, 2023, 07:00 AM
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Global fintech company SumUp entered into a US$100 million credit facility with Victory Park Capital (“VPC”). The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European...
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August 10, 2023, 07:56 AM
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Credibly, the data science-driven fintech lending platform that champions small and medium-sized businesses (SMBs), announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm. This...
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August 08, 2023, 07:07 AM
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Breakout Capital completed a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout...
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OppFi Inc., a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, increased its existing revolving credit facility with affiliates of Atalaya Capital Management (“Atalaya”) to...
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Lendbuzz closed a $125 million credit facility with Royal Bank of Canada. The additional warehouse capacity will support continued loan origination growth.The expansion increases the company’s capacity and ability to grow the number of borrowers its...
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Rapid Finance was named “Best Business Lending Product” in the 7th annual 2023 FinTech Breakthrough Awards, recognizing the top companies and products in the financial services and technology industry.Traditional small business and SBA loan...
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CFG Merchant Solutions, a technology-enabled specialty finance and alternative funding provider, closed a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors. The transaction was...
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Marco — the first tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States — announced it has received a $200 million credit facility from leading middle market lender MidCap Financial...
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February 28, 2023, 07:40 AM
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Propel Holdings, a fintech company dedicated to credit inclusion, announced a new $250 million syndicated credit facility for the company’s CreditFresh line of business. The new credit facility replaces and upsizes the previous CreditFresh facility...
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February 24, 2023, 07:34 AM
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Regions Bank closed a $135 million credit facility with Lendbuzz, an AI-based fintech company that is revolutionizing the auto finance market.Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning...
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December 16, 2022, 07:54 AM
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Lendbuzz, a fintech company that is disrupting the car financing market using AI and machine learning algorithms, closed a $150 million credit facility with J.P. Morgan.This is the second credit facility between the investment bank and the financial...
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November 03, 2022, 07:55 AM
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NextPlay Technologies, a digital native ecosystem for finance, digital advertisers, and video gamers, announced that NextBank International, Inc. (“NextBank”), the international banking unit of NextPlay’s fintech division, has signed a Loan and...
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October 12, 2022, 07:40 AM
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Rapid Finance announced its acquisition of digital lending platform provider, Thrive, at American Banker’s Small Business Banking conference.As part of Rapid Finance’s recent corporate rebrand and restructuring, the Thrive acquisition represents a...
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October 04, 2022, 07:10 AM
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Agora Data, a FinTech company transforming automotive financing by providing U.S. independent auto dealers and finance companies precision loan performance analytics and access to ample, affordable capital, closed a $100 million revolving credit...
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September 22, 2022, 07:21 AM
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iCapital, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Ares Wealth Management Solutions (“AWMS”) announced an expansion of their partnership to provide financial...
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September 07, 2022, 07:56 AM
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TimePayment closed a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its previous, primary facility that was set to mature at year end. BMO Harris Bank serves as the Lead Agent for a bank syndicate...
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August 31, 2022, 07:35 AM
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Rivonia Road Capital, a global alternative asset manager, focused on credit for high-growth companies, provided Tandym with $50 million in debt financing, alongside an equity investment in Tandym’s most recent fundraise.Tandym, based in Chicago, IL...
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August 25, 2022, 07:09 AM
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Viola Credit, a global alternative credit asset manager providing customized credit solutions to technology companies and FinTech lenders, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II) with $700 million...
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LSQ announced the acquisition of Qwil, a San Francisco-based fintech company that provides early payments to staffing firms.Founded in 2015 by Johnny Reinsch, Paul Tiplady and Trevor Branon, Qwil provides the contingent staffing market with financial...
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LendingPoint, an AI-driven CreditTech platform, announced it achieved its seventh consecutive quarter of profitability in Q1 2022.Q1 2022 Financial and Operational Highlights:
Platform originations in Q1 2022 increased 141.3% over Q1 2021, and...
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QuadFi, a mission driven global fintech firm headquartered in Canada, entered into an agreement for a new financing facility of up to US$100 million (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager....
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Liquidity Group entered into agreements with respect to approximately $775 million in capital commitments year-to-date 2022, led by funds and entities managed by affiliates of Apollo. The commitments, which are subject to satisfaction of certain...
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Fintegra, a fintech direct funder, secured a credit facility of $30 million from Bastion Funding. The credit facility will help Fintegra address the growing demand from business owners for fast and reliable access to working capital. Fintegra is a...
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FundThrough has acquired the invoice factoring business of financial technology company BlueVine. The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S....
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January 13, 2022, 08:00 AM
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Kafene, a fintech company bringing innovation to a key segment of the point-of-sale financing market, has secured $75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit...
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November 19, 2021, 07:57 AM
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Synergy One Lending, a leading independent, technology-enabled specialty finance company based in San Diego, CA, completed a $50.0 million corporate note financing with a consortium of institutional investors. The Company intends to accelerate its...
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October 20, 2021, 07:00 AM
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Nuula, a fintech company focused on small businesses, announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile...
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September 09, 2021, 07:30 AM
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Greenbox Capital, a fintech in the alternative industry providing small businesses access to working capital, announced the acquisition of Level Up Funding. This acquisition will help enhance Greenbox Capital's existing leadership team and allow it...
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August 02, 2021, 07:00 AM
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LendingUSA closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the credit facility. LendingUSA has previously closed credit...
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Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses (SMB), entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank (SVB). This...
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Yieldstreet announced triple digit investor growth, on the back of its one-year anniversary, with the number of first-time investors in Yieldstreet’s Prism Fund surging 350% in Q2 in 2021 from the same time period a year ago.Founded on the goal of...
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Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Victory Park Capital Advisors announced the expansion of the initial US$100 million debt facility closed in July 2020 to a new total of US$200 million. The...
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Car Capital, an automotive FinTech company, closed a $20 million credit line with Medalist Partners. This transaction gives Car Capital access to capital to expand their business, fund deals, and ultimately get consumers into cars. Car Capital's...
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Sterling National Bank announced a Banking as a Service (BaaS) agreement with Rho Technologies, the fintech company behind Rho Business Banking. Rho Technologies is a digital platform that provides companies with a suite of commercial banking and...
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Drip Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announced a $40 million committed credit facility for the expansion of Drip's trade finance solutions to small and medium-sized businesses (SMBs)."Drip...
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CIT Group announced that its Small Business Solutions group has been selected as winner of the “Business Lending Innovation Award” for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was...
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BlueVine, a leading provider of small business banking, announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York...
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September 10, 2020, 08:55 AM
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Ares Management Corporation, a leading global alternative investment manager, announced today that funds managed by its Alternative Credit Strategy led a $250 million revolving asset-backed credit facility for Affirm Inc. (“Affirm”), a financial...
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Online trade finance scale-up Stenn has secured participation from Barclays Bank, Coface SA, and Crayhill Capital Management LP in its latest investment round. The funding is for its core trade financing programme, Stenn Assets Funding, now sized at...
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CIT Group Inc. announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses...
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Lendio, the nation’s largest marketplace for small business loans, announced it has secured $55 million in capital, including $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. The equity...
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Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced it has secured $50M in equity investment. The round of funding was led by Goldman Sachs with continued investment from existing backers...
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February 25, 2020, 09:10 AM
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Santander Bank announced that its Commercial Banking division provided WEX Inc. (WEX) a $142 million participation commitment in connection with a $1.7 billion senior credit facility and acted as both joint lead arranger and joint bookrunner for a $1...
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December 10, 2019, 09:00 AM
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Liquid FSI, Inc. announced that it will provide its healthcare analytics and machine learning platform, Convert2Pay™, to small Banks, ABL, and Factors effective January 1, 2020.The company will also allow qualified lenders to access its portfolio of...
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November 20, 2019, 09:00 AM
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BlueVine, a leader in providing access to online working capital for small businesses, today announced the launch of BlueVine Business Banking, a new banking service built specifically for small businesses. BlueVine Business Banking simplifies and...
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October 31, 2019, 09:00 AM
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Aura, a mission-driven financial technology company that offers affordable loans to hard-working families, today announced it has closed a $130 million asset-backed revolving credit facility with Varadero Capital, L.P. This new facility comes during...
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October 30, 2019, 08:00 AM
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Espresso Capital announced today that it has provided New York-based Vidrio Financial, an award-winning financial technology platform for allocators to external managers, with a $5 million revolving debt facility. The company plans to use the capital...
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September 27, 2019, 08:30 AM
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Fundbox, the B2B payments and credit network designed to facilitate and accelerate B2B commerce at scale, announced that it has raised $176 million in growth equity funding for its Series C round. In addition, the company also announced that it has...
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September 24, 2019, 08:55 AM
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Greenlight Financial Technology, Inc., a U.S.-based fintech company that created a smart debit card for kids, teens, and college students, announced on Monday it secured $54 million through its Series B funding round, which was led by Drive Capital...
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September 19, 2019, 08:45 AM
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As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank...
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September 12, 2019, 09:00 AM
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Mexico-based fintech Credijusto, which offers asset-backed loans and equipment leases to small and medium-sized enterprises (SMEs), announced today that it has raised a $42 million Series B financing round. The transaction marks a first foray into...
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August 30, 2019, 08:55 AM
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Vehicle subscription app Fair announced it has closed a $100 million debt facility and an equity investment as it expands its relationship with Ally Financial. The debt facility, provided by Ally Bank to a subsidiary of Fair, is designed to help the...
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August 28, 2019, 08:55 AM
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Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and...
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August 19, 2019, 08:45 AM
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Global fintech funding got off to a slower start during the first half of 2019, with $37.9 billion of investment globally across 962 deals. The first half of 2019 is trending downward at the halfway mark, reflecting a pull-back in mega-deals compared...
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August 12, 2019, 09:00 AM
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Finix, the payments infrastructure platform, today announced a $17.5 million Series A funding round led by Bain Capital Ventures, with participation from Insight Venture Partners, Aspect Ventures and Visa. They are joined by existing investors...
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More than half of banking and financial services customers around the world use fintech products and services, according to a new global poll.Some 55% of respondents of the survey carried out by deVere Group, one of the world’s largest independent...
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Kabbage, Inc., a global financial services, cash flow technology and data platform for small businesses, closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for $700 million.The most senior class...
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Fintech FIS and Worldpay, Inc., a global provider of eCommerce and payments, have entered into a definitive merger agreement. This combination greatly expands FIS’ capabilities by enhancing its acquiring and payment offerings and significantly...
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HSBC US Commercial Banking announced that it has teamed up with Neptune Financial (NepFin) to better serve the capital needs of middle market businesses in the United States. Through this partnership, firms doing business with NepFin will now be able...
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February 27, 2019, 09:01 AM
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Fintech investment in the U.S. hit a record $52.5 billion during 2018, driven by a strong M&A (mergers & acquisitions) market, and venture capital (VC) accounting for more than half of the 1061 fintech deals, according to KPMG’s 2018 Pulse of Fintech...
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February 15, 2019, 08:00 AM
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Nav, the leading business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced it has raised $44.8...
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February 13, 2019, 08:06 AM
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LendingTree, Inc. announced that it has entered into a definitive agreement to acquire Value Holding Inc., the parent company of ValuePenguin.com, a personal finance website that offers consumers objective analysis on a variety of financial topics...
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December 26, 2018, 08:11 AM
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The global FinTech blockchain market was valued at $204 million in 2017 and is expected to reach around $8.3 billion by 2024, growing at a CAGR of around 69.72% between 2018 and 2024.
That's according to a new report from Zion Market Research, ...
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December 18, 2018, 08:13 AM
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PayPal Holdings, Inc. entered into an amended and restated credit agreement, with and JPMorgan Chase Bank, N.A., serving as Administrative Agent. The Credit Agreement amends and restates the existing credit agreement entered into by the Company and...
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November 28, 2018, 08:00 AM
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A group of 12 US community and regional banks have founded Alloy Labs Alliance, a consortium approach to innovation and technology adoption.
Fintech Forge will manage the alliance, and Crowe LLP, a public accounting, consulting and technology firm...
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November 08, 2018, 08:01 AM
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PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.
PNC's new digital...
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October 23, 2018, 07:09 AM
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As JPMorgan and Goldman Sachs each prepare to launch major new financial technology (Fintech) initiatives, research firm Accenture is warning that increased competition from digital only lenders could put intense pressure on incumbent banks, as they...
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October 22, 2018, 07:30 AM
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Corviglia Capital Fund, a global fintech growth equity investor, has launched with a target of raising $500 million in capital commitments. The fund has been established in Luxembourg by two experienced entrepreneurs and executives – Petr Šmída and...
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October 18, 2018, 07:08 AM
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HSBC US Commercial Banking announced that it will launch a Digital Partner Platform to improve client experience for corporate customers of all sizes through digital enhancements and partnerships. The platform will also streamline the ability for...
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October 16, 2018, 08:00 AM
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LendingTree, Inc. announced that it has entered into a definitive agreement to acquire QuoteWizard.com, LLC, one of the largest insurance comparison marketplaces in the growing online insurance advertising market. Since its founding in 2006...
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October 05, 2018, 07:20 AM
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U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit.
The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses within U.S...
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September 25, 2018, 08:00 AM
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Mergers and aquisitions (M&A) activity is widespread across the U.S. fintech industry, with deal sizes increasing meaningfully, according to a new report from Fitch Ratings.
The industry is absorbing more than $25 billion of deal activity YTD. Fitch...
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August 13, 2018, 08:07 AM
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The Bureau of Consumer Financial Protection (BCFP), working in collaboration with 11 financial regulators and related organizations, announced an initiative to create the Global Financial Innovation Network (GFIN).The network will seek to provide a...
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August 09, 2018, 07:25 AM
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Fintech investment in the U.S. reached a new high of over $8 billion in Q2, following a strong first quarter, according to a new report from KPMG. Total investment during the first half of 2018 increased from $12.2 billion across 371 deals during the...
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August 03, 2018, 07:52 AM
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The Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) companies engaged in the business of banking.“Over the past 150 years...
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August 02, 2018, 08:00 AM
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BlueVine announced it has raised another $12 million from new investors, M12, Microsoft’s venture fund, and the venture arm of insurance and financial services provider, Nationwide.The announcement comes eight weeks after BlueVine, a provider of...
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August 01, 2018, 07:15 AM
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Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow...
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Strands and Mastercard announced they are working together globally to provide issuing banks with an integrated platform of digital cash management and commercial payment tools specifically designed to benefit their small-to-medium enterprise (SMEs)...
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Juniper Research has revealed the top 10 technologies set to disrupt the fintech industry in 2018 and 2019. The new research, Top 10 Disruptive Technologies in Fintech: 2018, found a wealth of positive changes stemming from emerging technologies in...
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Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Ltd, announced a strategic agreement with Fifth Third Bank, a U.S. regional banking corporation headquartered in Cincinnati...
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LendingPoint, the company working to revolutionize access to consumer credit, announced it has closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of...
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Digital innovation in financial services is placing a premium on efficiency and opening up competition that will continue to drive disruption across banking business segments, including payments, lending, capital markets and wealth management...
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Finitive LLC, a financial technology platform providing institutional investors with direct access to alternative lending investments, announced the launch of its zero-fee platform. Finitive, which commenced operations in August 2017, has received...
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The rise of FinTechs continues to revitalize the financial services customer journey; however, many startups have realized they will struggle to succeed alone. With complementary strengths, FinTechs are increasingly looking to symbiotic collaboration...
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February 27, 2018, 08:00 AM
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Reaching $5.8 billion in Q4’17, U.S. fintech investment increased for the third straight quarter, aided by a strong U.S. economy and a dramatic increase in private equity (PE) investment, according to the KPMG Pulse of Fintech report.Total deals...
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February 14, 2018, 08:00 AM
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