Factris Secures €100M Funding Facility from Brand New Day Bank to Empower SMEs with Factoring Solutions

Momenta Finance, a leading UK alternative lender, has today announced a significant evolution of its lending capabilities after closing a £125m forward flow facility from a leading global investment bank to enhance its exceptional institutional roster of funding partners.

Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, according to a new study (http://apo-opa.co/4txjr5p) released today by Africa Finance Corporation (AFC) (www.AfricaFC.org).

Solcon Capital’s Tech Credit Fund (“TCF”) has successfully concluded a R5 million structured private credit funding transaction with AdNotes, a multiple award-winning, Black-owned South African Internet Service Provider (ISP), supporting the expansion of affordable and reliable internet access to underserved communities across the country. This transaction marks the first deployment of capital by the Tech Credit Fund and establishes a proof-of-concept for funding scalable, community-focused ISPs across South Africa.

The Ministry of Finance, the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France (www.ExpertiseFrance.fr) officially inaugurated the Invest4Libya project today. An initiative designed to strengthen Libya’s financial governance, improve its investment climate, and boost the performance and inclusiveness of the country’s MSME and entrepreneurship ecosystem.

Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.

OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.