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The new product will give online sellers access to flexible revenue-based repayment loans of between £1,000 and £50,000.
FlexiPay has been designed to help small businesses manage cash flow, with those approved able to immediately access between £2,000 and £30,000.
The fintech, which uses Brazil’s new means of payment Pix, has partnerships with over 220 retailers.
Lynx has been developed with technology partners IBM and SIA, and overseen by the Bank of Canada.
The Financial Data Exchange reported that more than 1 million additional consumer accounts per month have transitioned to the FDX API since April for open finance data sharing.
Part of the London Stock Exchange Group (LSEG) Labs network, the new unit is supported by the Monetary Authority of Singapore.
The partnership will help Italian consumers to manage utility bills, switch suppliers and save money.
Envestnet | Yodlee said the findings of its research pointed to demand for Open Finance.
Finastra’s Eli Rosner explains what the findings from its latest ‘State of the Nation’ survey reveal about the Open Banking and Open Finance landscape.
Chomik comes to FDX after 25 years in the payments and digital transformation industry.
