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CrediLinq Raises $8.5M Series A to Accelerate B2B Embedded Finance Growth

CrediLinq, the AI-powered embedded finance platform that is revolutionizing access to growth capital for underserved digital-first SMEs globally, announced today the close of its USD $8.5 million Series A funding round. The round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and Rustem Family office.  Returning investors include 500 Global, Epic Angels, 1982 VC and Big Sky Capital.

Monday, May 19, 2025 - 12:02
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/news/fundraising-news/credilinq-raises-85m-series-accelerate-b2b-embedded-finance-growth
Financial IT
Qardy Breaks New Ground as First Egyptian Fintech to Launch Publicly via CPME SPAC

Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation's inaugural fintech startup to go public via this innovative structure.

Monday, May 19, 2025 - 11:54
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/news/lending/qardy-breaks-new-ground-first-egyptian-fintech-launch-publicly-cpme-spac
Financial IT
Bibby Financial Services Secures £700M Facility to Enhance SME Financing in the UK

International SME financier, Bibby Financial Services (BFS), has renewed its securitisation arrangement for three years, boosting its funding capacity to improve access to finance for UK businesses. 

The refinance deal has been agreed with lenders including Lloyds, HSBC UK Bank PLC, Bayern LB and with participation of funds under the management of Insight Investment. 

Monday, May 19, 2025 - 11:35
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/news/fundraising-news/bibby-financial-services-secures-ps700m-facility-enhance-sme-financing-uk
Financial IT
eToro Partners with Generali to Launch PER and Life Insurance Offer in France

eToro, the trading and investing platform, announces today a partnership with Generali, a major player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite) to its users in France. The announcement follows the opening of eToro’s local subsidiary in France, eToro Patrimoine. 

Monday, May 19, 2025 - 11:09
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/news/insurtech/etoro-partners-generali-launch-and-life-insurance-offer-france
Financial IT
Finastra to Sell Treasury and Capital Markets Division to Apax Funds

Finastra, a global provider of financial software applications, and funds advised by Apax Partners LLP ("Apax"), a leading global private equity advisory firm, today announced that they have entered into an agreement under which Finastra intends to sell its Treasury and Capital Markets ("TCM") business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business.

Monday, May 19, 2025 - 10:45
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/news/treasury/finastra-sell-treasury-and-capital-markets-division-apax-funds
Financial IT
Over a Third of Global Consumers Use AI to Shop, a 47% Increase on 2024 Numbers Shows Adyen’s Research

 Adyen, the global financial technology platform of choice for leading businesses, today published its 2025 Annual Retail Report  that finds there’s been a 47% surge in people using AI to shop. In a poll of 41,000 consumers across 28 countries, more than one in ten (12%) said they had used AI for the first time over the past 12 months to help them with their shopping experience. And an impressive 55% of people said they would be open to making purchases using AI technology in the future.

Monday, May 19, 2025 - 10:42
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/news/personal-finance/over-third-global-consumers-use-ai-shop-47-increase-2024-numbers-shows-adyens
Financial IT
Embedded Financing Boosts SMB Growth by Up to 26%, YouLend Data Reveals

New data from global embedded finance leader YouLend reveals that small and medium-sized businesses (SMBs) that received financing through its e-commerce, payments and technology partners grew sales by up to 25-50%, on average, in the six months following funding. With over 300,000 businesses funded worldwide, YouLend demonstrates how fast, flexible capital can be a powerful driver of growth for entrepreneurs.

Monday, May 19, 2025 - 10:37
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/news/infrastructure/embedded-financing-boosts-smb-growth-26-youlend-data-reveals
Financial IT
Booking.com Advances Corporate Payments with Broadridge’s Service for Swift SCORE+, Enabling Real-Time Tracking and Efficiency

Broadridge Financial Solutions, Inc. , a global Fintech leader, today announced the successful live implementation of Swift SCORE+ services for Booking.com, achieving a milestone in advancing corporate payment connectivity, transparency, and efficiency. The Broadridge services operate through its established infrastructure that includes frictionless Swift API connectivity and end-to-end transaction lifecycle management.

Monday, May 19, 2025 - 09:45
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/news/payments/bookingcom-advances-corporate-payments-broadridges-service-swift-score-enabling-real
Financial IT
MeaWallet Supports Central Cooperative Bank in Launching Click to Pay Push Provisioning for Mastercard and Visa

MeaWallet, a leading digital payments enabler specialising in card tokenization, proudly announces its support for Central Cooperative Bank in launching Click to Pay push provisioning functionality for its customers.

Monday, May 19, 2025 - 09:37
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/news/payments/meawallet-supports-central-cooperative-bank-launching-click-pay-push-provisioning
Financial IT
Harmony Gap Research from FIS and Oxford Economics Reveals 78% of Global Businesses Leaning into AI to Combat Fraud

Global business and technology leaders are already seeing benefits from the use of AI and automation, with over three-quarters (78%) reporting measurable improvements in the ability to detect fraud and manage risk after their organization’s integration of the technology.

Monday, May 19, 2025 - 09:31
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/news/artificial-intelligence/harmony-gap-research-fis-and-oxford-economics-reveals-78-global
Financial IT

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