26 June 2024
Written By FinTech Alliance in FinTech
iBusiness Funding, a Florida-based software and lending service provider, has purchased Funding Circle’s US business for £33 million.
This acquisition includes Funding Circle's entire loan portfolio and will see iBusiness Funding continue operations under the Ready Capital Corporation brand, focusing on SBA loans. This move comes as Funding Circle shifts focus away from the US market due to high operational costs and significant losses.
Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether
The initiative reflects AlpacaTech’s mission to innovate financial solutions under the umbrella of SBI Holdings.
A FinTech Connect report highlights that while 72% of FinTechs actively seek investment, many encounter difficulties due to tightening funding environments and increased ...
This includes a digital market for private shares, a digital bond initiative, and enhanced anti-fraud measures across sectors
Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether
The initiative reflects AlpacaTech’s mission to innovate financial solutions under the umbrella of SBI Holdings.
A FinTech Connect report highlights that while 72% of FinTechs actively seek investment, many encounter difficulties due to tightening funding environments and increased ...
This includes a digital market for private shares, a digital bond initiative, and enhanced anti-fraud measures across sectors
In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...
Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...
UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...
Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...
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