Fintech News

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights 1st March 2023

FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.

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 RajendranAnand GomesJosh FrankShiliang 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.

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