Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has received this year, Bloomberg reported Monday (June 24). It comes from HSBC’s $3 billion “new economy” facility, which is focused...
Capchase received a 105-million-euro (about $114 million) credit facility warehouse led by Deutsche Bank to support flexible financing for software-as-a-service (SaaS) businesses in the United Kingdom and Europe. The company will do so through Capchase Grow, its solution that offers eligible companies access to non-dilutive financing, Capchase said in...
Mastercard has selected five startups from around the world to participate in its Start Path Blockchain and Digital Assets program. This program is designed to connect Mastercard with industry experts and FinTechs so that they can work together to explore differentiated use cases in which...
In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting the attention of the country’s funding and power base in London. According to the report, citing data from consultancy Whitecap, the number...
BlaBlaCar has raised $108 million in credit as it awaits a better IPO market. CEO Nicolas Brusson told Bloomberg News — in an interview published Wednesday (April 3) — that the French carpooling company enjoyed its first profitable year in 2023 following a “pretty rough”...
With funding becoming scarce, European startups are reportedly turning to convertible debt. These increasingly complicated deals are becoming more and more popular for venture capital (VC)-backed firms, Reuters reported Monday (March 18), though they do risk eventually giving investors greater control. As the report notes, companies were...
Financial services technology firm FIS has launched its 2024 FIS Fintech Hangout Series. The program, announced Wednesday (Jan. 31), connects FinTech startups, investors, financial institutions, FIS experts and participants from the FIS Fintech Accelerator Program. “This series will spark meaningful conversations, share best practices and showcase the amazing...
Visa launched the second cohort for its Africa FinTech Accelerator program. The program aims to provide mentorship, training and networking opportunities to startups in Africa, the digital payments firm said in a Monday (Jan. 29) press release. It is accepting applications until Feb. 29. Open to seed to Series A...
Venture capital fundraising in the United States has reached its lowest level in six years, according to recent data. The annual fundraising figure for 2023 is on track to be the lowest since 2015, with a decline of more than 50% compared to the previous...
