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Way.com Provides Drivers with Access to Competitive, Local Auto Financing from the Union Credit Marketplace
Union Credit, the first marketplace for credit unions to make firm, one-click credit offers at the point of purchase, announced their partnership with Way.com. The nation’s largest auto super-app now provides its 6.5 million drivers with access to healthy financing options from local credit unions.
American Financial Exchange Acquired by 7RIDGE
The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced that 100% of the company was acquired by 7RIDGE, a specialized growth equity firm invested in transformative technologies for financial services.
Carrefour and MoneyGram Join Forces to Broaden Financial Service Offerings to Carrefour Customers
Carrefour Group and MoneyGram International, Inc., a leading global financial technology company that connects the world’s communities, announced they will expand MoneyGram services to over 500 Carrefour locations in multiple markets in 2024.
Institutional On-Chain Finance Startup Fractal Announces $6 Million Seed Raise
Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced it has secured $6M in financing led by Hack VC. They are joined by a suite of strategic investors including 6th Man Ventures (6MV), Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, as well as angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang and Sid Powell.
Sasol Secures Circa USD3 Billion Five-Year Term Loan and Revolving Credit Facility Agreement
Sasol has refinanced its existing banking facilities, due to mature in calendar year 2024, into a new banking facility totaling USD2 969 million. The new banking facility comprises of a USD1 987 million revolving credit facility and a USD982 million term loan facility, both with a five-year maturity, and with two extension options of one year each.
