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India-based fintech platform KreditBee has raised USD 80 million in a series D funding round with participation from MUFG Bank aimed at diversifying its product portfolio.
funding, investment, banking, lending, underwriting, credit scoring
Canada-based payment service provider Clik2pay has partnered Inovatec to improve the debt collection experience for lenders.
partnership, payment processing, lending, reconciliation
UK-based business banking platform Tide has announced it will acquire Funding Options, a UK marketplace for business finance, subject to FCA approval.
funding, lending, B2B payments, investment, acquisition
US-based fintech Bread Financial has integrated its Buy Now, Pay Later solution Bread Pay into Versatile Credit’s platform.
BNPL, lending, instalment payments, omnichannel, online payments, partnership
Following a testing period, the Credit Reference Platform of Hong Kong has launched officially in order to improve the service quality of consumer CRAs.
lending, product launch, fintech, credit scoring
Fintech Rollee has launched a report revealing that 76% of UK-based gig workers struggle with approval to access financial products of the likes of loans and mortgages.
report, research, financial inclusion, financial services, lending, credit scoring, credit card, payments , gig economy
US-based crypto lender BlockFi has filed for Chapter 11 bankruptcy protection due to a liquidity crisis caused by its proximity to FTX.
cryptocurrency, crypto asset, financial services, lending
Singapore-based crypto lending firm Matrixport has secured half of a USD 100 million funding round at a USD 1.5 billion valuation.
funding, lending, cryptocurrency, investment
US-based Wells Fargo has rolled out Flex Loan, a small dollar loan to help customers meet short-term cash needs and avoid potential overdrafts.
lending, product launch, personal finance management, cash management, mobile banking
US-based payments platform Square has partnered with American Express to launch a new credit card built for Square sellers on the American Express network.
partnership, product launch, American Express, credit card, payments , SMEs, omnichannel payments solution, lending, SME lending
UK-based financing platform Debite has launched Debite Pay, allowing early-stage companies to send payments from their Debite corporate credit card to bank accounts.
corporate card, instalment payments, product launch, lending
Germany-based software company platform ECOMMERCE ONE has announced a collaboration with lending fintech Banxware.
partnership, lending, SME lending, banking, banks
Philippines-based neobank Tonik has launched two lending products, Flex Loan and Big Loan, to further financial and credit inclusion.
online banking, neobanks, lending, interest rate, digital banking, equity
Hong Kong-based Ant Bank has launched Ant Bank PayLater for AlipayHK users.
BNPL, instalment payments, lending, Alipay, digital wallet
New Zealand has planned to require Buy Now, Pay Later (BNPL) provider to conduct an affordability check on customers before agreeing to a loan.
BNPL, regulation, online payments, lending, ecommerce
Xiaomi has discontinued its financial services in India approximately three years after rolling out payment and lending apps in the market.
lending, regulation, instalment payments, digital payments
The Governing Council of the European Central Bank (ECB) has decided to recalibrate the conditions of the third series of targeted longer-term refinancing operations (TLTRO III) as part of the monetary policy measures adopted to restore price stability over the medium term.
regulation, lending, central bank, interest rate
India-based payments and API banking solution Cashfree Payments has launched a disbursement and collections lending solution for NBFCs and LSPs.
online payments, lending, product launch, compliance
Netherlands-based cloud banking platform Mambu has announced it has expanded its market reach across cloud providers Amazon Web Services (AWS), Google Cloud, and Microsoft Azure.
mobile banking, payments infrastructure, lending, B2B payments, cloud services
Klarna Kosma, Klarna's financial technology platform for banks, fintechs and retailers, has announced its partnership with Krea, a Swedish digital loans platform for SMEs.
lending, SME lending, B2B payments, SMEs, BNPL