Payment & banking technologies

Russia’s SBT Venture Capital invests $5 million in Southeast Asian credit company

74 Comments / Banking technologies, Finance, International, News, Payment & banking technologies, Payments, Venture / Private equity / By

SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, has invested $5 million in fintech service Advanced Merchant Payments (AMP). AMP’s platform allows banks to offer unsecured short-term loans to small businesses, using data analysis to decide whether to offer loans to businesses without a credit history. It was founded in 2009 …

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Russia’s Flint Capital invests $6.2 million in European data-driven consumer lending technology

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Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million, both debt and equity) from Flint Capital, a globalized Russian venture fund launched last year. Founded in 2010, Cream Finance is the parent company of CreditOn, LendOn, and CreditOne, consumer credit services that operate in Latvia, Czech Republic, Poland, Georgia, …

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