Lending
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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Digital Lending Platform LoanPro Bags US$100 Million From Series A Fundraise
LoanPro, a SaaS-based loan management, servicing and collections platform for alternative, fintech and traditional lenders, announced it has raised a US$100 million growth equity investment in a Series A funding round from FTV Capital, a growth equity investor. As part
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