Tag: Lending
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
Key Points:Investment Details:Finbee Verslui has secured a €35 million investment from UK private capital asset manager Pollen...
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
Key Points:Funding Sources:International Finance Corporation (IFC): $40 million
Other Investors: Development Partners International (DPI), Lorax Capital Partners,...
CFPB proposes new rule to include payday advances under Truth in Lending Act
Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans.
Fees associated...
US fintech Aven’s valuation tops $1bn with latest $142m Series D capital raise
Summary of Aven's Series D Funding and Expansion PlansCompany: Aven, a credit solutions start-up based in San Francisco,...
First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite
Summary of First Global Bank's Partnership with Profile SoftwarePartnership Details:Entities Involved: First Global Bank (FGB) and Profile...
Mexican fintech start-up OCN lands $86m Series A funding round to drive international expansion
Summary of OCN Securing $86 Million Series A FundingCompany: OCN (formerly OneCarNow), a Mexican fintech start-up.
Funding Details:...
Greek neobank Snappi lands banking licence from the ECB
Snappi Neobank Granted Universal Banking Licence: Key PointsLicence Approval:Snappi, a Greek neobank, received a universal banking licence...
Virgin Money taps Experian to streamline digital customer experience
Virgin Money Partners with Experian: Key PointsStrategic Partnership:Virgin Money is partnering with Experian to enhance its digital...
iBusiness Funding snaps up Funding Circle’s US business for £33m
Funding Circle Sells US Business to iBusiness Funding: Key PointsSale Details:Funding Circle has agreed to sell its...
Fiserv appoints former JP Morgan Payments head Takis Georgakopoulos as new senior advisor
Fiserv Appoints Takis Georgakopoulos as Senior Advisor and Executive VP: Key PointsNew Appointment:Takis Georgakopoulos appointed as Senior...
Commerzbank to launch digital credit cards for businesses with Pliant
Commerzbank Expands Lending Services with Digital Business Credit Cards: Key PointsNew Offering:Commerzbank, in partnership with Pliant and...
Klarna sells checkout business to investor consortium
Klarna has finalized a deal to sell its online checkout service, Klarna Checkout (KCO), to a consortium of investors...