illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, has completed the first closing of “illimity Credit & Corporate Turnaround” (the “Fund” or “iCCT”)—a contribution fund dedicated to investments in unlikely to pay (“UTP”) loans to SMEs with revival and relaunch prospects.

UK technology scale-up experts Tech Nation has selected Featurespace™, the leading provider of Enterprise Financial Crime prevention software, for its inaugural Tech Nation International Growth Programme,  which is part of the Digital Trade Network

Enno Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development highlights the biggest  IT challenges in trade finance and how TFaas can help to overcome them.

Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, announces its expansion.

The service, which delivers approximately 2,500 types of essential and non-essential goods in a variety of categories, such as groceries, ready meals, hot drinks and smart Yandex devices within 10-15 minutes of receiving the order, is now available in Kazan, a city of 1.3 million in Russia’s Republic of Tatarstan.

In its bid to democratise commercial real estate, Strata has raised approximately Rs. 81 crore for premium commercial assets across Mumbai and Hyderabad in the last one month alone. Both assets received 100% funding within just 2-5 days of its listing. Strata today announced that it aims to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021. The company thereby aims to expand its footprint across the key metro markets of Mumbai, besides foraying into Delhi and Pune.

Andrew Brinded, Vice President and General Manager EMEA Sales, Nutanix

Speaking at the recent Nutanix Economic Advantage Summit, JM Finn detailed how Nutanix helped it to leverage a software-defined private cloud infrastructure in order to quickly deliver remote work to employees securely and in record time.

La Banque Postale has entered into a partnership with the fintech Ebury to offer its SME customers an open banking solution to support their international activities. This initiative illustrates La Banque  Postale's ambition to be a major banking partner for French companies by adopting an innovative  model resulting from collaboration with tech players. 

NatWest has today announced that it will offer SMEs up to £1million of cashflow funding through its digital overdraft alternative Rapid Cash, as it looks to support UK SMEs as they enter the next phase of economic recovery.

EQUOS, Diginex’s [Nasdaq:EQOS] institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing Tether (USDT), providing an onramp into the EQUOS ecosystem for traders who use USDT as a base currency. 

Tether is well-established as the largest and most widely used stablecoin, and is currently ranked fourth largest cryptocurrency, by market capitalization. However, it has also been subject to negative media coverage and concerns from critics. 

Partnership between fintechs LendInvest and Credit Kudos will offer brokers and customers a seamless, more secure service, as well as enabling LendInvest to make more informed lending decisions through Open Banking insights.