Articles with tag: capital

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British payment operator PayPoint sells Romanian operations

22 Oct 2020 | Online Payments

The UK-based cash and online payment operator PayPoint has announced it will sell its Romanian subsidiaries PayPoint Services and PayZone to the investment fund Innova Capital.

PayPoint, PayPoint Services, PayZone, PayPoint Romania, acquisition, Innova Capital, online payments, online payment operator, United Kingdom, UK

ShopUp raises USD 22.5 mln to digitize mom-and-pop shops in Bangladesh

20 Oct 2020 | Ecommerce

Bangladesh-based company ShopUp has raised USD 22.5 million in a Series A financing round co-led by Sequoia Capital India and Flourish Ventures.

Bangladesh, ShopUp, Series A, financing round, Sequoia Capital India, Flourish Ventures, commerce, digital payments

Accelerated Payments obtains GBP 20 mln financing

19 Oct 2020 | E-invoicing, SCF & E-procurement

SME funding provider Accelerated Payments has secured a GBP 20 million senior debt line from asset manager Channel Capital Advisors to expand AP’s receivables financing capability. 

Accelerated Payments, financing, SME, receivables, senior debt line, asset manager, Channel Capital Advisors, invoice financing, Europe, Ireland, UK, covid-19, FCA

OakNorth Bank approves GBP 1.1 bln in new loans

13 Oct 2020 | Payments General

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

Central banks set out to regulate stablecoins like Facebook's Libra

13 Oct 2020 | Cryptocurrencies

Central banks have set out to regulate cross-border stablecoins with a common approach, adding that more rules may later be needed to ensure stability.

stablecoins, cryptocurrency, Libra, Facebook, banks, central banks, CBDC, bank capital, anti-money laundering, regulation

SHUAA launches USD 200 million 'Financing Opportunities Fund'

12 Oct 2020 | Payments General

SHUAA Capital, an asset management and investment banking platform in the Gulf Cooperation Council (GCC) region, has launched a USD 200 million ‘SHUAA Financing Opportunities Fund’.

Forex exhange, commodities, investments, SHUAA, SHUAA Financing Opportunities Fund, capital, finance

Molo raises GBP 266 mln in series A funding round

09 Oct 2020 | Online & Mobile Banking

UK-based digital mortgage lender Molo has raised GBP 266 mln in debt and equity funding, completing its series A equity funding round.

Molo, funding, fintech, investment, equity round, venture capital, digital lending

SME lending platform Validus approved as a PFI by Enterprise Singapore

09 Oct 2020 | E-invoicing, SCF & E-procurement

Southeast Asia's SME lending platform Validus Capital (Validus) is Singapore's first to be approved as a Participating Financial Institution (PFI) under Enterprise Singapore's Enterprise Financing Scheme. 

SME lending, Validus, working capital, disbursements.

Clearbanc to invest GBP 500 mln intro British SMEs

08 Oct 2020 | Payments General

Canada-based ecommerce platform Clearbanc has announced its plans to invest GBP 500 mln into British SMEs as part of its UK launch.

Clearbanc, Canada, UK, SMEs, AI, alternative capital, venture capital, API, expansion, ecommerce platform, Europe, Canada, North America

Emirates NBD rolls out digital SCF platform

06 Oct 2020 | E-invoicing, SCF & E-procurement

Emirates NBD has launched a digital supply chain financing platform for its corporate and institutional clients

Emirates NBD, digital platform, SCF, supply chain finance, smartSCF, supply chain, working capital, transaction costs, cash flow, invoices, payments, digital onboarding, supplier onboarding

Distribution Finance Capital receives UK bank licence from the Prudential Regulation Authority

06 Oct 2020 | Payments General

Distribution Finance Capital (DF Capital) has received a full UK banking licence from the Prudential Regulation Authority (PRA).

Distribution Finance Capital, banking, lending, UK, license, working capital, Prudential Regulation Authority

Goldman Sachs to acquire GM's credit card unit for USD 2.5 bln, WSJ

02 Oct 2020 | Payments General

Goldman Sachs has announced the buying of General Motors’s credit card business for about USD 2.5 billion (GBP 1.94 billion), according to the Wall Street Journal cited by Reuters.

Goldman Sachs, GM, General Motors, credit card, WSJ, Wall Street Journal, banks, credit card business, Wall Street, bank, Barclays, credit card issuer, Capital One Financial, investment banking, trading, consumer banking, JP Morgan, Citigroup, Apple, US, covid-19, pandemic

Australia-based Airwallex secures a total of USD 200 mln in Series D

30 Sep 2020 | Payments General

Payments and banking group Airwallex has extended its latest funding round by another USD 40 million, taking the company to a Series D funding round of USD 200 million, according to AltFi.

Australia, Airwallex, series D, payments, banking, fintech, digital banks, alternatie lenders, banking services, payments processing, currency exchange, Skip Capital, Tencent, Salesforce Venture, Sequoia Capital China

Rappi gets USD 300 mln investment in new funding round

29 Sep 2020 | Ecommerce

Colombia-based on-demand delivery company Rappi has raised over USD 300 million in a new funding round from investors including asset management firm T. Rowe Price.

Colombia, LATAM, Rappi, investment, funding round, T. Rowe Price, SoftBank, DST Global, Andreesen Horowitz, Delivery Hero, Sequoia Capital, Y Combinator

QuadPay secures revolving line of credit of up to USD 200 mln from Goldman Sachs, Oaktree Capital

28 Sep 2020 | Online Payments

US-based instalment payment platform QuadPay has secured a revolving line of credit of up to USD 200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.

QuadPay, instalment payments, US, instalment payment platform, revolving line of credit, Goldman Sachs, Oaktree Capital, Buy Now, Pay Later, BNPL, merchants, Finitive

Philippines-based PayMongo secures USD 12 mln Series A led by Stripe

28 Sep 2020 | Payments General

Stripe has led a USD 12 million Series A round in online payment platform PayMongo, as announced by the startup.

Philippines, PayMongo, Stripe, startup, online payments, online payment platform, fintech, businesses, Y Combinator, accelerator program, Global Founders Capital, BedRock Capital, financial institutions, payments API, online payments API, API, apps, bank cards, digital wallets, GrabPay, GCash, commerce, messaging apps, PayMongo Links, fraud, risk detection

Valentus, Realio to tokenize USD +250 mln fund

25 Sep 2020 | Cryptocurrencies

Technology ecosystem for institutional-grade digital assets Realio and Valentus Capital Management have partnered to enable the digitisation of an array of private equity opportunities.

Valentus, Realio, Valentus Capital Management, tokenization, tokens, fund, private equity, equity, finance, trade finance, real estate, credit, Wall Street, Main Street, digitisation, private equity firm, hedge funds, blockchain, p2p investments, compliance, automation, p2p trading

PayPal and Capital One launch bundled banking app

23 Sep 2020 | Online & Mobile Banking

US-based financial corporation Capital One has teamed with PayPal to launch One banking app, aimed to bundle spending, saving and lending into a single account and debit card.

Capital One, PayPal, One, banking app, online banking, online and mobile banking, line of credit, digital banking, direct deposit, US, United States, North America,

Singapore-based Syfe secures USD 18.6 mln Series A funding

23 Sep 2020 | Payments General

Digital wealth manager Syfe has successfully closed a USD 18.6 million Series A funding round led by Valar Ventures, a VC fund for high potential fintech companies.

Syfe, Singapore, Series A, funding, digital wealth manager, Valar Ventures, VC, fintech, capital injection, investing, saving, Asia, technology platform, Presight Capital, Unbound, UK, investment firm, digital wealth management, platform, Monetary Authority of Singapore, MAS, Capital Markets Services License, CMS license, license, retail fund management, institutional fund management

Bedrock Capital leads USD 5.4 mln Series A in anti-money laundering startup First AML

17 Sep 2020 | Digital Identity, Security & Online Fraud

First AML has raised USD 5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.

First AML, Series A funding round, Bedrock Capital, Pushpay, Icehouse Ventures, AML, anti-money laundering, Customer Due Diligence, identity verification, money laundering risk, Patriot Act, KYC, onboarding experience, biometric identification, remote verification