• €60 million EIB guarantee to support illimity to unlock new liquidity for companies  by financing working capital, via reverse factoring for over €1 billion in turnover 

• €150 million EIF guarantee to support illimity mobilise €215 million in new financing 

• Around 10% of global card payments are commercial or corporate in nature
• With a projected market size of $90.4 billion in 2020, the global corporate cards market is set to experience a compound annual growth rate of 18.9% between 2020 and 2025
• Virtual cards will continue on their strong growth vector and, with increasing recognition of the working capital benefits that the payment vehicle provides, should continue to grow long term at a 30% rate

Cassini Systems, Ltd, a leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, today announced it has just completed a $20.5 million growth financing round led by Ten Coves Capital and joined by existing investor, Mosaik Partners. The company will use the proceeds to further accelerate its product development and global market expansion.

Demand for Resolve’s platform grows as new marketplaces emerge and businesses look to ease supply chain challenges by removing friction from B2B transactions

Private Equity FinTech Lender continues to excel with expanding real estate market in the United States

Legion Capital Corporation (OTCQB:LGCP), a FinTech enabled, specialized business lender, was named in Global Business Leaders Magazine 20 Companies Who Are Escalating Innovation In The Market in 2021 Listing.  

 PayU has announced that its patented technology, which will look to revolutionise payments and improve customer experience, has been approved by the United States Patent and Trademark Office. 

PayU, the fintech and e-payments business of Prosus, has today announced that its patent for technology, which will improve payments routing and approval, has been accepted. 

Horizon Software (Horizon), the world’s leading SaaS provider of electronic trading solutions and algorithmic technology, has appointed Sebastien Cathelin as Global Head of the Presales team. With over 20 years of vast experience in the financial markets, Sebastien brings with him a deep understanding of both market making and algorithmic trading.

In 56 percent of corporate legal departments (CLDs), including banks and other financial services firms, the top 10 biggest legal matters account for between 20 percent to 40 percent of spend.

Worldline, the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with ‘social ecommerce’ platform Joom, to manage payments in multiple European countries.