Committed to assisting SMEs in obtaining finance for future growth, Allica Bank has revamped its commercial mortgage products to help improve access to finance. The changes include reducing interest rates and increasing the maximum Loan-To-Value (LTV). The bank has also increased procuration fees for its broker community.

The product portfolio was updated in response to Allica’s broker survey in December. It will see broker procuration fees increase from 1 percent to 1.5 percent for owner-occupied, commercial, and semi-commercial investment mortgages. 

21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency ETPs, today announced the listing of three new crypto ETPs on the BX Swiss with Aave, Chainlink, and Uniswap respectively as the underlying assets.

The concept introduces an innovative, AI empowered technology for secured credit card management methods and systems

 KOHO Financial Inc, the rapidly growing Fintech company, announced today that it has closed a C$210 million Series D funding round.

 Biller, an AI-driven Buy Now Pay Later (BNPL)  company focused on business invoices, is set to join the Banking Circle ecosystem of financial services and applications. After closing of the acquisition, Biller will operate as an independent sister company in the Banking Circle ecosystem.

Next generation of instant business invoice payments

• Former Nomura and HSBC technology and risk leaders join LPA to grow the firm’s UK consulting business
• The firm hired five new senior consultants in 2021 as it adds new talent and wins clients

Descartes Underwriting, the InsurTech company specializing in next-generation corporate insurance solutions to address climate and emerging risks, announces a $120 million Series B funding round.

Mphasis, an Information Technology solutions provider specializing in cloud and cognitive services, today announced that it has been recognized as a “Major Contender” by Everest Group, in its PEAK Matrix® for Banking Operations Service Providers for 2022. 

Growth Capital Ventures has led a £1.3 million super seed investment round into Business Finance Market (BFM), a fintech platform set to boost access to finance for the country’s 5.9 million SMEs.

The funds will be used to drive the development of BFM’s technology forward and further enhance the team. This round, which saw pledges exceed the initial target of £1 million, is further to an oversubscribed seed round of £225,000 in June 2021.

Customer Experience Software provider sees users double as it boosted its turnover to £2.3m.