20 May 2022

MarketFinance raises £100mn financing from Deutsche Bank, eyes unicorn status

Written By FinTech Alliance

MarketFinance raises £100mn financing from Deutsche Bank, eyes unicorn status

MarketFinance, a payments and credit FinTEch, has just raised £100mn to support its lending. 

In Brief:

  • MarketFinance currently offers UK based SMEs loans of up to 500,000. 
  • Now also available to sole traders and partnerships it offers a decision within 24 hours. 
  • Deutsche Bank’s contribution will part-fund up to £100mn worth of lending. 

What does this mean?

The financing enables MarketFinance to expand the number of SMEs (small and medium sized enterprises) it’s able to serve with faster, competitive loans. Having become profitable last year, the business says it’s making its products available on a range of platforms and hopes to become a unicorn.

Read more here. 

Up Next ...
29 June 2022

Bank of London partners with SAP Fioneer

The Bank of London, the UK’s tech-led clearing bank, has ...

29 June 2022

Wise announces 33% revenue growth

Money transfer app Wise, formerly TransferWise, has announced a 33% ...

29 June 2022

DirectID partners with Shieldpay

UK payments FinTech Shieldpay has partnered with FinTech Alliance company ...

28 June 2022

Gaining a Competitive Advantage in Fintech From Your Choice of Tech Stack

Written By: Erlang Solutions

In this article, we outline how your choice of a fintech stack can give you a crucial competitive advantage.

More in Investment

Plural launches early-stage venture fund worth €250mn

28 June 2022

Wise Co-Founder Taavet Hinrikus has launched an investment platform.In Brief:Plural ...

US FinTech Trovata to expand into UK

06 June 2022

Trovata, a banking technology business backed by JP Morgan Chase, ...

Klarna brings profitability into focus amid redundancies

26 May 2022

Klarna is set to focus more on “short-term profitability” than ...

White Papers Investment

Future Processing: ROI in IT Projects

22 June 2022

Knowing ROI for your technological investments is crucial to getting a full overview of your financi...

Articles Investment

N26 on: Women and investing - Closing the gender gap

27 April 2022

Investing helps us grow our savings, build wealth, and support projects we believe in. But the gende...

White Papers Investment

Redefining FinTech

20 December 2021

Anthemis provides an introduction to fintech and a broad view of the investment opportunities presen...

White Papers Investment

Emerging Tech Research: Fintech

20 December 2021

Fintech investors and entrepreneurs continue to reap the rewards of an acceleration in digital trans...

There are no Events in this category