ABN AMRO launched New10 to offer an initiative for SMEs looking to take out a loan entirely online; Mark Schröder, co-founder and Commercial Director of New10, "New10 responds to the desire of SMEs to finance their growth ambitions online, quickly, easily and clearly."; New10 provides loans ranging between EUR 20,000 and EUR 1 million. Source.
ABN AMRO has reported a net profit of €343m for quarter ended 30 September 2021, a 14% rise compared to €301m for the same period in 2020.
Abrdn is continuing its hunt for fintech acquisitions as it looks to digitise it business.
Crowdfunding platform, Abundance, has launched the UK's first innovative finance individual savings accounts (IFISAs) for investors in crowd bonds; the investment offering follows an announcement from the UK Treasury that it will extend qualified investments in UK IFISAs to crowd bonds; platform offers bond investments from renewable energy companies; the company is able to offer the IFISAs because of its status as an investment-based crowdfunding platform. Source
Accelerated Payments has topped €500 million worth of invoice financing as it celebrates its fourth anniversary, according to a note from the Fintech. The company also noted that it has expanded its UK office to support the increasing number of businesses that are grappling with supply
The LIM Asia Special Situations Master Fund has increased its ownership in the Ranger Direct Lending Fund to 9.2% from 5.48% reported in July; the Ranger Direct Lending Fund is primarily focused on high yield direct lending platforms; it has recently been troubled by its exposure to losses from marketplace lending platform Argon Credit which it invested in indirectly through the Princeton Alternatives Fund. Source
“The COVID-19 pandemic has been defined by speed,” claims Acxiom Market Pulse, which attempts to reflect and analyze the changes...
The transaction saw the private equity house acquire the payments provider for Vinted, La Redoute and Rakuten, and take the majority stake in a French crowdfunding platform Leetchi....
Nontraditional data is relevant across Africa as credit bureaus don't have the historical depth their Western counterparts enjoy.
African fintech platform Finclusion Group has secured $20million in a funding round with leading fintech debt financing provider, Lendable. Read...