Slide Insurance announced today that it has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities Inc. division, also supported the transaction as a Joint Lead Arranger and Joint Bookrunner.
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Bank of America has agreed a new facility with Simply Asset Finance, the specialist business lending provider, which will unlock the potential of £120 million of further funding for businesses across the UK. The initial facility is for a value of £60 million with an accordion to £120 million.
Mintos, a leading multi-asset platform offering a unique mix of alternative and traditional investment options, is delighted to announce the launch of its latest product: Mintos Smart Cash. This new money market fund offering is a great addition to the loans, bonds, ETFs, and real estate already available on Mintos.
TerraPay, a global leader in money movement, is pleased to announce the appointment of Juan Loraschi as Vice President – Head of North America Business. This strategic addition underscores TerraPay's commitment to deepening its presence in the growing remittances market across the Americas.
Visa has announced a new collaboration with Amazon that will provide Canadian consumers with more choices at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option to select Installments enabled by Visa as their method of payment for qualifying purchases. This convenient payment option is now available and enables eligible consumers to convert their purchases into smaller, fixed payments made over a defined period.
Gareth Jones is set to join Atom Bank as its new Chief Risk Officer, pending regulatory approval. He will succeed Chris Sparks, who is retiring after nine years at the bank. Jones comes to Atom Bank from The Co-operative Bank, where he served for 26 years, most recently as Chief Risk Officer. Throughout his career, he has held various roles in product, strategy, finance, and risk management.
FNZ, the global wealth management platform, is delighted to announce the appointment of Enrique Sacau as the new Chief Executive Officer for Europe.
The appointment further strengthens FNZ’s global leadership team and its commitment to delivering for its customers across the region. The role underscores FNZ’s growing presence across the European market where it continues to see significant demand for its market-leading end-to-end wealth management platform.
IBISA, a Climate Insurtech company, has closed a $3 million funding round to scale its parametric insurance solutions for weather-related risks in Asia and Africa. The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside the Asian Development Bank Ventures (ADBV) and existing investors including Ankur Capital. This strategic investment will empower IBISA to make parametric insurance more accessible.