Primary Capital Acquires Longtime MCA Provider
January 7, 20202 min
Merchant cash advance provider and small business servicing company Primary Capital Funding acquires a division of Infinity Capital Funding
Avii Announces First External Funding from Blue Diamond Capital
January 7, 20204 min
Avii™ (www.avii.com), provider of the Avii Workspace™ unified SaaS platform for tax, audit, advisory, compliance and management consulting firms, has taken in its first external investment. The new infusion from Blue Diamond Capital LLC (www.bluedicap.com), of Provo, Utah, joins more than $2.5M in internal funding from operational profit. It will accelerate hiring of key marketing, sales and software development positions to support the company’s rapid growth during 2020. Amount and terms of the agreement were...
CollBox lands $1M in Seed Round Investment
January 3, 20204 min
Growing Austin technology company poised to solve the problem of overdue invoices for clients.
HighRadius to Kick off 7th Annual Radiance Order-to-Cash
January 3, 20203 min
With over 1,000 financial and technology professionals, 20+ industry workshops and 100+ peer-led sessions, the 2020 conference will feature speakers from Fortune 500 and Global 2000 companies including Staples, Danone, Bose, and L’Oréal
Mogo Lowers Interest Rate and Extends Credit Facility
January 3, 20202 min
Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced amendments to its existing senior credit facility (“Credit Facility – Other”) with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The amendments lower the effective interest rate from a maximum of LIBOR plus 12.5%, with a LIBOR floor of 2% to LIBOR plus 9%, with a LIBOR floor of 1.5%, effective July 2, 2020. In addition, the amendment increases the...
Phoenix Finance Ranked in the “2019 KPMG China Fintech 50”
December 27, 20198 min
On December 23rd, KPMG officially announced the list of “2019 KPMG China Fintech 50” and held the awards ceremony for “2019 KPMG China Fintech 50” in Beijing. Phoenix Finance, a comprehensive intelligent financial service platform established by Phoenix TV Group for global Chinese, was selected for its development and applying of fintech innovations. Other listed companies include Ant Financial, WeBank, aiBank, JD Digits and FSG. The evaluation contents of “2019 KPMG China Fintech 50″ consisted of technologies implemented, business mode innovations, reform of traditional finance,...
360 Finance selected in KPMG China’s Top 50 Fintech companies
December 27, 20194 min
KPMG China announced top 50 leading companies in Fintech, and 360 Finance, Inc., a leading digital consumer finance platform, awarded one of the top 50 companies of the year. KPMG China Leading 50 Fintech Companies is an authoritative list which is devoted to promote Chinese fintech companies to be researching and learning examples in the worldwide. This list makes the application of the latest technology, financial model innovation, transformation to the traditional finance and improvement of financial efficiency as...
Pintec Cooperates with China Unicom’s Unicompay to Expand Handset Financing
December 27, 20194 min
Pintec Technology Holdings Ltd. (“Pintec”;NASDAQ: PT), a leading independent fintech solutions provider, recently announced an agreement with China Unicom. As mentioned in its first nine months earnings call of 2019, Pintec will leverage its digital lending capabilities to enable China Unicom’s payment platform Unicompay to offer next-generation handset financing services to its broad base of subscribers. Unicompay is the telecom operator’s third-party payment platform that runs “WO Wallet” and is committed to offering convenient and efficient...
OneConnect Opens Its Joint Venture in Japan
December 26, 20195 min
On December 19, OneConnect announced in Tokyo the official opening of SBI OneConnect Japan, a joint venture with Japanese financial service group SBI Holdings, providing cutting-edge cloud-based and AI technological services to regional banks in Japan to help them to achieve digital transformation. It is reported that in March 2019, this joint venture was incorporated in Japan. This is also the first shot that OneConnect has made to the overseas market after being successfully listed...
Reorg Announces Partnership With the European Leveraged Finance Association (ELFA)
December 23, 20193 min
Reorg, a financial media and technology company, today announced its partnership with the European Leveraged Finance Association (ELFA). ELFA is a trade association for European leveraged finance investors, and works to establish and enhance industry best practices by promoting education as well as advocating for increased market transparency. Kent Collier, founder and CEO of Reorg said, “We are delighted to enter into this partnership. Our reporters, analysts and legal experts, who together make up the ‘Reorg Trifecta’, have deep expertise...