Banking
UK fintech Paysme winds down operations
Paysme Closure:UK-based fintech Paysme, focused on aiding small businesses in transitioning to the digital economy, has shut down.Financial Struggles:Despite raising...
Banking
BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
Sunbit secures a $310 million debt warehouse facility from Citi and Ares Management Credit.
Builds upon a previous $250 million debt facility obtained...
Banking
YouLend secures £4bn private securitisation deal with JP Morgan
UK-based YouLend announces private securitization deal with JP Morgan.
The deal enables YouLend to extend £4 billion in revenue-based financing to SMEs.
SMEs...
Banking
The Bank of Missouri looks to bring digital banking products to fintechs with i2c partnership
The Bank of Missouri (TBOM) forms a five-year partnership with i2c, a Silicon Valley-based banking and payments technology firm.
i2c provides credit, debit,...
Banking
Bread Financial names former Amex CIO Allegra Driscoll as new CTO
Bread Financial Announcement:Allegra Driscoll was appointed as EVP and CTO.
Focus on advancing enterprise technology priorities.
Goal: Expand private-label credit card offerings...
Banking
Société Générale reportedly seeks new buyer for neobank Shine
Shine Sale Consideration:Société Générale is reportedly considering selling Shine, the neobank for freelancers and small businesses.
The French banking giant is actively...
Banking
Bilt Rewards more than doubles its billion-dollar valuation with new $200m equity investment
Valuation Milestone: New York-based Bilt Rewards reaches a valuation of $3.1 billion after securing a $200 million equity investment.
Key Investors and Leadership Changes:...
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