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Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141
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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. Alcanza Capital and Bontu. It has utilized a number of services including AXS Access, Check!,

Fintech 247
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S.

Lending 159
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In UK, FinTech Fundraising Gathers Steam

PYMNTS

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. Tim Levene, the CEO of Augmentum Capital, told Yahoo Finance that the U.K.

Fintech 187
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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 The FinTech IPO Market. billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.

Capital 150
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Glint Plans Expansion To US, Tata Capital Launches Working Capital Platform

PYMNTS

and Tata Capital has rolled out a new lending platform in India. In other news, India’s Tata Capital has rolled out an online working capital platform for its customers, the company said. Tata Capital’s platform is developed in partnership with U.S. FinTech company Biz2Credit. Coverage includes U.K.-based

Capital 100
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Helping build the fintech ecosystem in Latin America

Celent Banking

It is amazing how the ecosystem continues to grow and how fintech start-ups are booming. In the US & RoW the two winners were: ModernLend enables users with no credit profile to create one in just 6 months by using alternate metrics; and LendingFront which facilitates short term commercial lending through a simple platform.

America 100