Lending

Irish BNPL Firm Scalapay Bags US$155 Million to Fund Its Expansion Plans

Ireland-based buy now pay later (BNPL) firm Scalapay has raised US$155 million in equity funding as part of its Series A investment round. The company is now valued at US$700 million. The latest funding round brings the total amount raised

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ADB, BlueOrchard Inks US$50 Million Risk-Sharing Deal for Microfinance Programme

BlueOrchard Finance, a Swiss impact investment manager, and the Asian Development Bank (ADB) have signed a US$50 million risk-sharing agreement for microfinance coverage in the latter’s developing member countries (DMCs). The company is the first impact investment manager to work

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FQX Leverages Blockchain & Electronic Signatures to Revamp Trade Finance & Money Markets

Switzerland’s fintech startup FQX seeks to revamp how companies around the world access finance by using blockchain and tokenization to make promissory notes transferable, cross-border and more cost-efficient. Promissory notes, are financial instruments that contain a written promise by one

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Funding Circle Launches BNPL Offering ‘FlexiPay’ for SMEs

Funding Circle, a London-based lending platform for small businesses, has jumped on the Buy Now, Pay Later (BNPL) bandwagon with its own offering called FlexiPay. FlexiPay enables businesses to spread any UK invoice or supplier payment over three months, with

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Amazon Taps Affirm to Offer BNPL Payment Option at Checkout

Affirm, a US-based Buy Now, Pay Later (BNPL) firm, announced that its flexible payment solution will soon be available to Amazon.com customers at checkout. In a joint statement, Amazon and Affirm said that they are testing with select customers now,

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Valuu Branches Out To Offer Personal Loans Comparison Feature

Valuu, a fully digital mortgage brokerage platform in Switzerland launched by PostFinance, is expanding its services with transparent, digital comparison options for personal loans. Five Swiss lenders Migros Bank, BANK-now, Cembra Money Bank, eny Finance and good finance are acting

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Square Inks Deal To Acquire Australian BNPL Firm Afterpay for US$29 Billion

Digital payments company Square announced that it has agreed to acquire Australia’s Buy Now, Pay Later (BNPL) firm Afterpay in a in an all-stock deal worth approximately US$29 billion. The closing of the transaction is expected in the first quarter

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Swiss Fintech Tradeplus24 Raises $25 Million To Drive Expansion

Swiss small and medium enterprise (SME) financing startup Tradeplus24 has raked in $225 million in pre-Series B round, the startup announced. Of the total funding, $25 million is in equity financing and the remaining $200 million is in debt financing.

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Swiss Marketplace Lending Volume Surged 42.5% to CHF 15.4 Billion in 2020

In 2020, the total volume of new debt capital brokered through online platform in Switzerland grew 42.5% to CHF 15.4 billion. This represents a 183% increase from 2017 during which total volume of marketplace lending in Switzerland totaled CHF 5.4

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European Buy Now Pay Later Market Heats Up

Buy now pay later (BNPL) arrangements, which allow customers to buy items on credit and pay the money back over time, is witnessing record growth in Europe with demand from consumers rising and investor sentiment remaining overall optimistic, according to

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