🚗💰 Ayan Capital’s £25M boost

What we’ll cover today:

Ayan Capital’s £25M boost in halal car financing 🚗

Farmers and Merchants Bank’s digital upgrade 🖥️

Top fintech trends and upcoming events you can’t miss!

Ayan Capital secures £25 million Shariah-compliant financing 🚗

Ayan Capital, a UK-based Islamic fintech start-up, just secured a Shariah-compliant financing facility with Partners for Growth, a Californian private credit firm. Ayan offers halal car financing solutions for private hire vehicles, fleets, and chauffeurs.

🚨Breaking News: Ayan Capital has raised up to £25 million to expand its halal car finance services and boost tech capabilities.

⚡Wire Simplified

• Ayan Capital offers Shariah-compliant car financing for private hire vehicles and business fleets.

• The company secured £25 million to improve tech and expand its financing services.

• Ayan’s £3.4 million pre-Series A round helped launch Ayan Pay, a 12-month financing solution.

• The start-up aims to hit £100 million in financing by 2026.

• Ayan is eyeing a UK banking license and plans to offer more consumer loans.

✔️Straight to the Point
Ayan Capital is growing fast with its halal car financing model and looks to revolutionize Islamic fintech with ambitious expansion plans.

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Farmers and Merchants Bank taps Candescent for digital upgrade 💻

Farmers and Merchants Bank in Arkansas is teaming up with Candescent, a US-based digital banking platform, to upgrade its digital services. This will help the bank enhance customer experiences for businesses and individuals, especially in agriculture.

🚨Breaking News: Farmers and Merchants Bank is working with Candescent to modernize its digital banking services, focusing on more intuitive, mobile-friendly options.

⚡Wire Simplified

• Farmers and Merchants Bank is a 1945-founded bank serving Arkansas’s agricultural community.

• The bank is partnering with Candescent to modernize retail and business banking.

• The platform will streamline services like cash management and mobile banking.

• Candescent’s platform includes data-driven insights and API-based architecture.

• This upgrade aims to increase digital adoption and operational efficiency for the bank.

✔️Straight to the Point
Farmers and Merchants Bank is modernizing its services with Candescent’s platform, making banking easier for their agricultural customers and businesses.

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