Captain Fresh, a farm-to-retail platform for animal protein, has more than doubled its valuation to $500 million in three months as the Indian startup deepens its footprints.
In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users...
Dutch bank Rabobank has built a 3D model of its organization and IT systems to help them better understand how to make improvements; Anne-Marie Breuker, Rabobank business architect, tells Finextra: "We wanted to create something that would have a wow-factor within the bank, it had to appeal to the entire organisation, from the Board of Directors to the workplace. Preferably visually, and permanently. So, we came up with the idea for this model."; this is the first of its kind and there is a thought that this type of review could lead to more banks or financial services firms doing similar projects. Source
Fleximize is a SME revenue-based finance provider; offers financing from GBP250,000 ($310,000) unsecured and GBP500,000 secured ($621,000); funds from the facility will be used to increase lending capacity; anticipates GBP100 million ($124 million) in funding by 2019; lending in 2016 was GBP40 million ($49 million), up 132% from 2015; company also plans to expand their product set and tech platform. Source
Just days after submitting its banking licence application, LHV UK has chosen Tuum to run its core banking infrastructure.
Here are the most read news stories from our daily newsletter today: UK Based Payments Firm Clear Junction Stops Binance...
Here are the most read news stories from our daily newsletter today: Moneyhub makes Open Banking Payments the default way...
‘We want to figure out what they’re doing differently’: Why KeyBank acquired millennial lender Laurel Road House of Gigs to...
Zilch with a BNPL 2.0 business model that works directly with consumers and features no fees or late charges along with 2% instant cashback rewards, has launched in the US with over 150,000 pre registered customers.
The Ranger Direct Lending Fund has reported plans for share issuance totaling 200 million British pounds through 2017; the Fund currently has a 40 million British pound issuance planned for December; it also raised 30 million British pounds in July and 23.2 million British pounds in November of 2016; according to a statement from Ranger Direct Lending, "The company believes that debt instruments originated or issued by direct lending platforms are an attractive and growing asset class that have the potential to provide higher returns for investors than other, more widely available, fixed income products."; growth from the asset class and potential returns are factors driving the new issuances. Source