Tagged: financing

January 30, 2024 @ 10:09 pm By Omar Faridi  |  

Phoenix Merchant Partners, LP, an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies, announced the closing of its first transaction, an innovative financing to Gryphon Holdings, a company involved in quota share non-catastrophic property and casualty reinsurance services…. Read More

January 27, 2024 @ 4:42 pm By Michael Wong  |  

Targeted Lending Co, a player in the equipment finance industry, has announced the successful closure of a $50 million credit facility with Wells Fargo Capital Finance. This strategic financial move underlines the company’s commitment to providing essential liquidity to small businesses, especially during times when… Read More

January 14, 2024 @ 7:07 am By Omar Faridi  |  

CaixaBank and KfW IPEX-Bank are jointly providing HOCHTIEF financing for the interim construction financing of the PPP project Frankfurt (Germany) judiciary center. The project volume is in the low three-digit million range and “includes the parallel construction of two new judicial buildings in the Frankfurt… Read More

January 13, 2024 @ 10:41 am By Omar Faridi  |  

Lendable is pleased to announce a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion “across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs, thereby empowering… Read More

January 9, 2024 @ 8:14 am By Omar Faridi  |  

Financing a new business can be one of the biggest hurdles entrepreneurs face, according to an update shared by UK’s Starling Bank. Some 85% of UK startups launched in the last three years “have relied on the founder’s personal capital as the initial source of… Read More

December 22, 2023 @ 12:33 pm By Omar Faridi  |  

Centi is announcing the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders. Recognized for its proficiency in processing transactions as small as a cent, Centi claims that it  is now poised “for… Read More

December 14, 2023 @ 6:14 am By Omar Faridi  |  

In November 2023, investors invested a total of €2.24M  in agricultural projects through HeavyFinance. €1.90M was reportedly paid out for the farmers “with the capital spread across 54 different loans.” As of November 2023, HeavyFinance has “successfully issued a total of 46.63 million EUR in… Read More

December 14, 2023 @ 6:11 am By Omar Faridi  |  

Climate finance was central to discussions at COP28 in Dubai and funding to reach net-zero and restore biodiversity is still falling short, according to an update shared by the World Economic Forum (WEF). New research published by WEF highlights priorities “for action and shows how… Read More

December 13, 2023 @ 2:46 pm By Omar Faridi  |  

Citi (NYSE: C) has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that “enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import… Read More

December 7, 2023 @ 8:27 am By Omar Faridi  |  

Scalable Capital, a digital investment platform in Europe, announced the closing of a €60 million in equity financing. The Series E extension was led “by European venture capital firm Balderton Capital with participation from existing investors, including HV Capital – underscoring their strong support for… Read More

December 1, 2023 @ 3:53 pm By Omar Faridi  |  

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

November 27, 2023 @ 5:22 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has launched Capital, a product that enables businesses on Adyen for Platforms offer timely access “to funding for their small and medium-sized business (SMB) users in Australia.” Research conducted in partnership with Boston… Read More

November 25, 2023 @ 2:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

November 24, 2023 @ 5:46 pm By Omar Faridi  |  

MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, recently announced that it has closed on debt financing that “has propelled the firm’s overall lending capacity to over $300 million.” Active funding includes commitments… Read More

November 16, 2023 @ 11:22 am By Omar Faridi  |  

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More

November 12, 2023 @ 12:13 pm By Omar Faridi  |  

MNT-Halan has reportedly closed a $130 million securitization. As Egypt’s “first” unicorn and “fastest-growing” fintech, they’ve now “raised over US$ 400m in 2023, and target US$ 550 by the year’s end.” MNT-Halan has closed five tranches of securitized bond issuances “through its microfinance and consumer… Read More

November 11, 2023 @ 3:22 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

November 8, 2023 @ 5:16 pm By Omar Faridi  |  

Black Ore, an AI platform for financial services, launched today and announced $60 million in financing led by a16z and Oak HC/FT. The company plans to use the funds from the investment round to onboard new customers, “grow its team, and accelerate the development of… Read More

November 6, 2023 @ 10:19 am By Omar Faridi  |  

We recently spoke with Mindaugas Mikalajūnas, Cо-Founder and CEO of SME Finance, a Vilnius-based Fintech reinventing growth financing for small and medium enterprises (SMEs) across Europe. SME Finance aims to fill a gap left by risk-averse banks and high-cost alternative lenders. Led by Mikalajūnas with… Read More

November 2, 2023 @ 8:39 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced significant momentum and new financing on the heels of its top-grossing quarter and amid continued corporate growth. Cowbell’s new financing builds on its $148M raised to-date. Cowbell announced a new investment… Read More