Updraft Secures £272M in Mix of Debt and Equity Funding
- 1 year 7 months ago
- Fundraising News
Updraft, a well-known consumer lending FinTech, has raised a substantial £272m. The financing comprises a £250m forward flow arrangement with Jefferies Financial Group and Santander Corporate and Investment Banking, along with senior financing from Santander CIB. Additionally, the company raised a further £22m in Mezzanine and equity investment led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
Transforming International Student Payments: NexPay's Journey to Real-Time Transactions
- 1 year 7 months ago
- Payments
NexPay, a rapidly growing fintech company, is revolutionizing international student payments to make studying abroad more accessible and hassle-free. They recognized the need for a comprehensive financial crime prevention and real-time transaction monitoring solution.
Medius Signs Agreements with UK Channel Partners to Extend ERP Integrations
- 1 year 7 months ago
- Infrastructure
Medius, a leading global provider of autonomous accounts payable (AP) automation and spend management solutions, today announced that it has entered into a series of partnerships with several UK-based value-added resellers (VARs) and consultants for leading ERP solutions including those for Sage, IFS, Infor, OpenAccounts, Access, and eBIS.
Trigger Software Partners with Mambu to Launch Neobank Engine
- 1 year 7 months ago
- Digital banking
Trigger Software presents a Neobank Engine solution powered by Mambu, a leading cloud banking platform, to enable the rapid launch of digital neobanks. By default, Mambu is a cloud-native, API-driven cloud banking platform. Mambu offers composable banking architecture with a single code base, publicly available APIs, and regular releases. Mambu has 260+ customers across the globe, serving 100M end-users in 65 countries.
nCino and Salesforce Expand Strategic Partnership to Further Modernize the Financial Services Industry
- 1 year 7 months ago
- Cloud
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced an expanded partnership with Salesforce to accelerate the delivery of best-in-class cloud solutions to the financial services industry. This builds on nCino and Salesforce’s long-standing collaboration, established in 2011, to empower financial institutions with digital innovations that increase efficiency, transparency, and reduce risks while...
Tabby Secures $700M in Debt Financing from J.P. Morgan and Extends its Series D Round to $250M with Participation from Hassana Investment Company
- 1 year 7 months ago
- Fundraising News
Tabby, the MENA’s leading shopping and financial services app, has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region.
Alchemy Pay Joins Force with Worldpay from FIS to Provide Leading Checkout Experience
- 1 year 7 months ago
- Payments
Alchemy Pay, the pioneering fiat-crypto payment gateway, has entered into a strategic partnership with Worldpay, the No.1 global acquirer, to amplify its payment channels and elevate its payment capabilities. This partnership grants access to Worldpay's Visa and Mastercard payment rails on Alchemy Pay's On & Off-Ramp, empowering users to enjoy increased efficiency and better customer experience when buying and selling crypto using their...
Leading Indonesia Fintech JULO Adds Insurance Inclusion to Financial Inclusion with JULO Cares
- 1 year 7 months ago
- Insurtech
JULO, a leading Indonesian peer-to-peer financial technology company, launched JULO Cares on December 15th, 2023, a first-in-market unique insurance cover embedded within the core JULO digital credit solution. This benefit launched under the JULO Cares platform provides ongoing device protection to users when they avail of JULO's digital credit.
Development Bank Based in Oman Selects Newgen Technology to Streamline Banking Processes and Deliver Transformed Experience
- 1 year 7 months ago
- Banking
Newgen Software, a global provider of low-code digital transformation platforms, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.
AppTech Engages CORE IR for Investor Relations and Shareholder Communications Services
- 1 year 7 months ago
- Infrastructure
AppTech Payments Corp., a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, announces it has retained CORE IR, leading investor relations, public relations, and strategic advisory firm, to assist the Company with investor relations and shareholder communications services.
Evita Joins Forces with Layer2 Financial to Revolutionize B2B Cross-Border Payments
- 1 year 7 months ago
- Payments
Layer2 Financial, a leading BaaS and payments infrastructure technology, is excited to announce a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions. This groundbreaking collaboration marks a significant milestone in the financial technology landscape, leveraging the strengths of both entities to streamline and optimize cross-border payment processes.
Spectrum Markets Becomes Associate Member of the Italian Association of Certificates and Investment Products (ACEPI)
- 1 year 7 months ago
- Investment
Spectrum Markets (“Spectrum”), the pan-European trading venue for securitised derivatives, has become associate member of the Italian Association of Certificates and Investment Products (ACEPI), reinforcing its commitment to enhance knowledge, transparency and investor protection around structured retail products. Spectrum is the first MTF to join the Association, confirming its pioneering approach in strengthening the industry advancements...
WealthKernel Announces Strategic Expansion into US Equities Trading
- 1 year 7 months ago
- Investment
WealthKernel, a wealthtech provider of digital investment solutions, today announces the launch of US equities trading for new and existing clients. This strategic move positions WealthKernel among the select group of API-first companies to offer institutional-grade UK and US equities trading at highly competitive prices.
Payoneer Introduces New Product Features to Propel Small Business Growth
- 1 year 7 months ago
- PaaS
Payoneer, the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced new features to improve the customer experience and help entrepreneurs easily connect with the global economy.
Expensify Adds Budgeting to Help Companies Prepare for 2024
- 1 year 7 months ago
- Financial
Expensify, Inc., the financial management app best known for expense management and corporate cards, launched a new budgeting tool to provide admins with even more insight into company finances.
