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Flexiti Financial raises $6.25 million to scale POS lending platform for retailers
“Canada’s on a roll. FinTech adoption rate more than doubles in 18 months.”
– Miro Pavletic, CEO and co-founder of STACK
The investment, which brings Kabbage’s total funding to nearly $500 million, will be used to expand the company’s lending products for small businesses, push the SaaS platform for banks, and to “explore” non-lending products and services.
Alex Tapscott is a co-founder of the Blockchain Research Institute.
If there is a “sweet spot” for blockchain, it will likely be the ability to turn insights and questions into assets.
Bread, which offers consumer financing on large online purchases, raised the round from Menlo Ventures, with participation from Bessemer Venture Partners, RRE Ventures and others.
Lending Loop said that to date, the company has facilitated over $7 million of financing to small businesses.
The expanded loan offers include amounts from €1,000 to €25,000 at a duration of 12 to a maximum of 60 months, and interest rates from 3.95%, depending on maturity and credit rating.
To date, RentMoola has raised $10 million.
The FinTech fund will provide funding to FinTech companies with a focus on alternative lending.
In the Americas, a single deal – the buyout of Toronto-based DH – accounted for US$3.6 billion in deal value, contributing to more than half the total FinTech funding during Q2’17.
Budgeto said that it will soon surpass over 10,000 startup customers.
Neyber, which provides a financial wellbeing platform for UK employees, raised the funds from Wadhawan Global Capital and existing investors.
The deal will give Blackstone and CVC exposure to the online gambling industry, a significant business sector for Paysafe whose pre-paid digital wallet facilitates bets without taking money from bank accounts.
RBC has also added the ability to make Interac e-Transfer payments within iMessage.