Alternative finance notes: customer experience
Focusing on customers in every sector of financial services is key to any businesses’ success. But before the latter can happen, companies need to first figure out what their customers want. Last week at the offices of Nxchange (a next generation stock exchange), we held a roundtable on customer experience in alternative finance with transformation […]
Finturi strengthens invoice financing with CIB partnership
Finturi, a company using blockchain to help businesses secure loans against invoices, joined forces with credit management outfit Centraal Invorderings Bureau (CIB) to ensure a robust blockchain-enabled invoice financing platform. Specifically, Finturi and CIB’s partnership serves to create a better user experience for financiers on Finturi’s platform, resulting in financiers being more confident about using […]
Funding Circle and Avida Finans strike EUR 50 million loan deal
Avida Finans, a Sweden-based lender, made an initial investment of EUR 50 million through Funding Circle, a UK-based alternative finance platform. The funds will be loaned to SMEs in the Netherlands and Germany and will be distributed over nine months. Avida and Funding Circle said the partnership is long-term and that the amount of funds […]
Factris supports local SME financing with platform update
Factris, an Amsterdam-based invoice factoring company, launched an update to its Finance Automation for Business (FAB) platform. The new version enables the team in Amsterdam to deliver support to local sales teams and partners in other cities across Europe. Factris says this “will significantly increase the quality and speed of their financing services to small and […]
Factris launches in Latvia
Factris, who specialize in invoice factoring and alternative financing, have launched a tailored suite of services in Latvia, citing the rapidly developing market is “ripe for alternative financing”. They will hit the ground running having already on-boarded a number of clients who took note of the benefits of their factoring and ancillary services (such as […]
Funding Circle talks SME funding with New Business Radio
Josy Soussan, Funding Circle’s senior communications and PR manager for the Netherlands, spoke with Ron Lemmens of New Business Radio during its Baaz Business programme. Soussan touched on how Funding Circle, which provides an online financing platform for entrepreneurs and SMEs, does its business and the alternative finance market around the globe and in the […]
Finturi advances alternative finance on the blockchain with beta platform launch
Finturi, a Dutch start-up using blockchain to help businesses secure loans against invoices, have launched their beta platform after recently raising EUR 2 million from NetSam Participants BV in March 2019. Finturi will bring together selected enterprises and financiers to enable the former to apply for, get approved, and receive loans in 24 hours on […]
Funding Circle loans add €140 million to the Dutch economy
SMEs which obtained funding through Funding Circle contributed about €7.4 billion to the global GDP and created 115,000 jobs. Next to this, they generated approximately €2.2 billion in tax income. Those are the results of the new Oxford Economics reports which measured the economic impact of loans. Highlighting the Dutch market, over €140 million was […]
Accesserator opens investment opportunity for sustainable financially minded
Operating with a unique vision for sustainable finance, Accesserator helps develop Malawian SMEs by bringing a more traditional angel investment mentality to a landscape often funded by charities and similar initiatives. The Accesserator founders use their combined experience in entrepreneurship and business processes to partner promising Malawian SMEs as they provide knowledge, advice and capital to […]
ING wins Green Bond of the Year, leads EUR 19 million round in Spanish fintech
ING Group’s dual-tranche green bond was awarded ‘Green bond of the year’, and their Ventures fund led an investment round in Spanish personal finance platform Fintonic. The bonds, which raised a total of USD 2.9 billion, have also seen ING secure top spot as the largest Europe-based financial institutional issuer of green bonds. Early estimates […]