Revenue-based funding startup Jenfi raises $6.3 M to focus on high-growth Southeast Asian business

Many Southeast Asian digital companies encounter challenges when seeking early-stage growth financing. They might not want to offer equity in their company, however typically struggle to secure working capital loans from conventional banks. That’s where Singapore-based Jenfi comes in, providing revenue-based funding of up to $500,000 with flexible repayment plans that co-founder and […] , Liu told TechCrunch that Singapore-based Jenfi is the first company of its kind focused on Southeast Asia. Jenfi’s application process is entirely online and in some cases, business have actually received financing in less than 24 hours, though it typically takes a couple of days.

Some of Jenfi’s Series A will also be used to likewise more utilized for establish proprietary combinations assessment engineExclusive which analyzes how efficiently companies evaluates their growth spendingUtilize Instead of
fixed repaired repayment paymentStrategies Jenfi gives companies business flexible target repayment plans strategies charges them a flat fee cost on the amount quantity financing funding receivedGot their monthly regular monthly and how many lots of it will take to pay back the loan.

Octane raises $52M at a $900M+ valuation to assist individuals finance big recreational purchases

Octane raises $52M at a $900M+ valuation to assist individuals finance big recreational purchases

The majority of the time when people get loans, it’s for big life purchases such as a car or a house. However not every huge purchase is a need. Some are more for enjoyable, and the financing options for those types of buys — — such as atvs and motorcycles — — are more minimal. Today, Octane Loaning, […] Octane introduced with the goal of “making lending much better in ignored markets,” according to Guss. Because loaning is involved in about 80%of powersports purchases and about 80 %of loaning happens in the car dealership, Octane focused first on constructing a loaning platform for customers and car dealerships. Last year, it launched Octane Pre-qual, which allows customers to instantly prequalify for funding on OEM and dealership sites with a soft credit pull. Looking ahead, Octane plans to utilize its brand-new capital to expand to surrounding “other passion purchase” markets and continue to launch consumer engagement tools as well as purchasing options for customers going shopping for powersports lorries online. — TechCrunch” src=”https://techcrunch.com/2021/04/30/amid-the-ipo-gold-rush-how-should-we-value-fintech-startups/embed/#?secret=ipFucLuHdV” data-secret=”ipFucLuHdV” width=”800″ height=”450″ frameborder=”0″ marginwidth=”0″ marginheight=”0″ scrolling=”no” >

Castle ID raises $3.5 M for API-delivered income and work confirmation

Castle ID raises $3.5 M for API-delivered income and work confirmation

Today Castle ID announced a combined $3.5 million raise for its earnings and employment verification service. The start-up provides an API to customer companies, permitting them to rapidly verify details of customer employment. The capital originated from a blend of endeavor companies and angels. On the firm side, Abstract and Soma VC remained in […] To fill the market space Klokov assisted discovered Castle ID, quickly constructing combinations into payrolls managers where there were hooks for code, and working around older login systems when needed. Per the start-up the market demand for such confirmations is in the hundreds of millions every year in the United States. Citadel should have plenty of market area to grow into. While Citadel likewise uses data by means of its site and not merely through its API, the startup still fits inside the growing number of startups we have actually seen in current quarters foregoing conventional SaaS, and instead using their items through a designer hook (often referred to as a ‘headless’ technique). The startup offers an API to customer companies, permitting them to quickly confirm information of customer work….

Stilt, a financial services provider for immigrants, raises $100 million debt center from Silicon Valley Bank

Stilt, a financial services provider for immigrants, raises $100 million debt center from Silicon Valley Bank

Stilt, a supplier of monetary services for immigrants in the United States, announced today it has raised a $100 million warehouse facility from Silicon Valley Bank for providing to its clients. This brings Stilt’s overall debt facilities so far to $225 million, and will enable it to reach more than $350 million in annualized loan […] A Y Combinator alum, Stilt was founded five years back by Rohit Mittal and Priyank Singh. In spite of the financial challenges triggered by the COVID-19 pandemic, Stilt’s loan efficiency has actually stayed stable. Stilt’s brand-new monitoring accounts, powered by Evolve Bank and Trust, are likewise created for immigrants, with functions like spot-rate remittance to about 50 nations. The brand-new financial obligation center from Silicon Valley Bank indicates Stilt will be able to provide larger loan volumes and much better interest rates, stated Mittal. …

Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, a Y Combinator alum that offers financial services for immigrants without Social Security numbers or credit reports, revealed today that it has actually closed a $7.5 million seed round. It also released FDIC-insured pre-approved global savings account today. The startup has actually raised equity from financiers including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel […] , a Y Combinator alum that supplies financial services for immigrants without Social Security numbers or credit reports, announced today that it has actually closed a$7.5 million seed round.”There are really couple of services in the U.S. that allow non-U.S. people to open accounts without a Social Security number, so our focus is not only giving them the finest cross-border digital banking service, but one that is likewise really securely integrated into a credit platform. Stilt presently focuses on individual monetary services, however plans to include products for little businesses in the future. …