How a currency trades on the world stage is a form of shorthand for how traders and investors view the prospects and the perils facing various nations. And in Europe, the status of the British pound and euro signal turbulence ahead for several sectors in...
Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would be valued at $200 million and the two companies would form a strategic alliance, expanding...
The market routs continue, pretty much everywhere one looks. The worries over rate hikes and inflation show no signs of easing — and tech stocks continue to take a drubbing. To that end, the FinTech IPO Index barely budged, notching 0.1% in gains through five...
Deluxe, which works in payments and business technology, has hosted 10 British FinTech companies to help promote collaboration and innovation in financial and business services, a press release said. Deluxe helps businesses grow and can work with businesses at any stage of their life cycles,...
Around the world, the once unstoppable growth of tech companies has been called into question by successive waves of layoffs, with sectors whose strength is tied to consumer confidence the worst affected. In Europe, the q-commerce space has been among the hardest hit. Between the...
FinTech-as-a-Service platform Solid Financial Technologies has raised $63 million in a Series B funding round to speed its expansion into new verticals, including travel, logistics, construction, healthcare, education and the gig economy. With this platform, companies can launch and scale FinTech products with just modern...
Boston-based FinTech TimePayment announced the closing of a new $375 million revolving credit facility Tuesday (Aug. 30), which will strengthen its capital position and support the continued growth of its sales financing for specialty equipment sellers. “This new facility is an important part of our...
In business, and especially for smaller firms, there are any number of exit strategies depending on the macro environment they must confront. When markets are booming, management teams can pursue an initial public offering, seeking to tap the stock market to raise operating capital. In...
CIT — a division of First Citizens Bank — said its maritime finance business has upped its financing for Globus Maritime Limited by $18 million. According to a Thursday (Aug. 25) news release, this increase in lending expands CIT’s relationship with Globus Maritime and raises...
