Bangladesh-based FinTech Think Big Solutions now offers a digital factoring platform to provide financing solutions for smaller businesses, a news report said Sunday (July 31). TREDX aims to unite small businesses, financial institutions (FIs), corporations and suppliers to create an online marketplace, TREDXonline, for digital...
India-based Yes Bank said it plans to sell up to a 10% stake to U.S. private equity firms Carlyle Group and Advent International for a $1.1 billion price tag, Reuters reported Friday (July 29). The company is exiting a reconstruction plan after two years, and...
The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which has been around as a peer-to-peer lending service since 2005, gained prominence after raising $300 million at a $1 billion...
Auto finance companies were sent a joint letter from the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) alerting them about the additional protections offered to military families under the Servicemembers Civil Relief Act (SCRA). While non-military borrowers have the same...
China’s Alibaba is getting closer to being removed from American stock exchanges in response to Beijing’s refusal to let U.S. inspectors examine the company’s audits. As Bloomberg reported Friday (July 29), the Securities and Exchange Commission (SEC) has added the tech giant — the largest...
Today in B2B payments, SellersFunding’s B2B BNPL platform boosts SaaS, agency and enterprise vendor partners, while Stord debuts a supply chain commerce platform. Plus, the medical supply industry is entangled by mismatched payments preferences. Mismatched Payments Preferences Create Medical Supply Mess The healthcare industry is...
Walmart, on Friday (July 29), launched a refurbished product program, dubbed Walmart Restored, that will sell used products that the company touts as “good as new,” according to a company blog post announcing the initiative by Michael Mosser, general manager of Walmart Marketplace. Mosser promises...
Meta May Have to Pull Platforms in EU Meta Platforms reiterated its warning that it may have to pull its popular Facebook and Instagram services from the European Union if a new transatlantic data transfer pact doesn’t materialize. Meta could face a ban on its...
Instagram is teaming with streetwear fashion designer Anwar Carrots on a limited-edition clothing line available exclusively through the NTWRK livestream shopping app starting at 11:30 a.m. on Aug. 5, according to a company announcement. The collection will include four pieces “designed for summertime fun,” the...
