Latest News

Latvian Fintech inGain Raises €650,000 for No-Code SaaS Loan Management System

Published

2 weeks ago

April 20, 2024

“inGain Raises €650,000 to Enhance No-Code SaaS Loan Management Solution”

Latvian fintech startup inGain has secured €650,000 in funding from investors including Trind VC, Fiedler Capital, the Latvian Business Angels network, and several individual business angels.

inGain specializes in providing a lending solution tailored for traditional and fintech lenders, SME lenders, crowdfunding platforms, and businesses outside the finance sector seeking to introduce and expand their lending and financial products.

Their no-code SaaS loan management system allows businesses to streamline operations without the need for extensive IT management. It caters to various loan types, including secured and unsecured installment and credit line loans, subscription services, rent-to-own options, and other fintech products. These services are accessible to consumers and businesses across different industries, both online and offline, with payment options available in cash or via transfer.

Armands Liseks, co-founder and CEO of inGain, shared an example of how their solution benefits businesses, citing a store chain in Switzerland that specializes in selling high-value musical instruments, particularly pianos. Liseks highlighted the flexibility of their platform, illustrating how businesses can offer leasing options to customers, providing them with greater choice and flexibility in payment methods.

With the newly acquired funds, inGain plans to finalize the development of a no-code self-service platform. This platform will empower any interested company to create a customized lending tool tailored to their products and specific requirements.

Reima Linnanvirta, a partner at lead investor Trind VC, expressed confidence in inGain’s product and team, emphasizing the comprehensive nature of their solution and the transformative potential of their no-code approach. Linnanvirta believes that inGain is well-positioned to disrupt the market and secure a significant share due to the outdated nature of existing solutions in the industry.

Source: tech.eu

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Latest News

Newmark Reports First Quarter 2024 Financial Results

Published

26 mins ago

May 3, 2024

CISION (PR Newswire)

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today

NEW YORK, May 3, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three months ended March 31, 2024, and declared its quarterly dividend.

A complete and full-text financial results press release, including information about today’s financial results conference call and Newmark’s dividend declaration, is accessible in the “Media” section at https://nmrk.com. It is also available directly at any of the following web pages:

https://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, and supplemental Excel financial tables)

https://ir.nmrk.com/investors/news-releases/financial-and-corporate-releases (Links to the PDF version of the full press release, PDF of a quarterly results investor presentation, and to Excel financial tables)

https://nmrk.com/media (PDF version of the full release only)

(Note: If clicking on the above links does not open a new web page, you may need to cut and paste the above URLs into your browser’s address bar.)

Today’s conference call is expected to contain forward-looking statements with respect to the Company’s financial outlook.

ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.

Logo – https://mma.prnewswire.com/media/1057994/Newmark_Group_Inc_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/newmark-reports-first-quarter-2024-financial-results-302135571.html

Latest News

Bank of Spain grants Amadeus’ Outpayce EMI licence

Published

1 hour ago

May 3, 2024

Peter Tolan

Outpayce, the travel payment division of the Spanish IT conglomerate Amadeus, has secured an Electronic Money Institution (EMI) license from the Bank of Spain, thus gaining the ability to provide regulated payment services.

With this regulatory approval, Outpayce is now authorized to handle customer funds, issue prepaid debit cards, and facilitate money transfers between payment accounts. The company intends to expand these services throughout the European Union.

Outpayce anticipates that its EMI license will soon enable the use of its prepaid virtual cards within corporate self-booking tools and travel agency booking systems. This will facilitate payments to service providers such as airlines and hotels.

David Doctor, CEO of Outpayce, has suggested that the company is in the process of developing a state-of-the-art fintech infrastructure on the Microsoft Azure cloud platform. Additionally, Outpayce plans to collaborate with an increased number of financial institutions and startups.

Having been launched just last year, Outpayce specializes in providing payment solutions tailored to the needs of travel merchants. It boasts of offering a comprehensive infrastructure that allows travel sellers to accept a wide array of card and local payment methods across various channels, including mobile, call centers, websites, and physical touchpoints such as check-in desks.

Source: fintechfutures.com

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Latest News

Banking Circle Welcomes Johan Bergqvist as Group CFO

Published

3 hours ago

May 3, 2024

Peter Tolan

Johan Bergqvist, Former Bolt Chief, Takes Helm as Banking Circle’s Group CFO

Johan Bergqvist, formerly of Bolt, assumes the role of Group CFO at Banking Circle, a financial infrastructure provider. His appointment, effective February, comes as the Luxembourg-based group, owned by Swedish investment firm EQT Partners, aims for the next phase of sustainable growth.

In partnership with Banking Circle’s management team and co-founders Anders la Cour and Laust Bertelsen, Bergqvist will lead initiatives to drive rapid and profitable expansion.

Banking Circle serves a diverse clientele, from online merchants to institutional banks, offering a suite of solutions including cross-border payments, card issuing, accounts, liquidity management, and revenue-based financing. In the previous fiscal year, the company reported run-rate revenues of €300 million and handled €550 billion in run-rate annual payment volumes.

Anders la Cour, commenting on the company’s performance, noted that despite reaching significant scale, there’s ample room for growth in the market.

Bergqvist, with nearly 20 years of industry experience, is poised to leverage his expertise in his new role. This marks his third stint as a Group CFO, having previously served at transportation and delivery platform Bolt, where he remains a board member, and UK-based paytech Teya.

Source: fintechfutures.com

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