LendTech

Opera to acquire Fjord Bank as fintech expansion continues

Opera to acquire Fjord Bank as fintech expansion continues

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Norway-headquartered internet company Opera is moving into the banking space with the acquisition of Fjord Bank. With a growing user base of more than 50...
ClearBank expands senior management team with two new hires

ClearBank expands senior management team with two new hires

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ClearBank, the cloud-based clearing bank, has appointed James Hopkinson as chief financial officer and Stuart Morley as chief information officer.  Hopkinson joined ClearBank earlier this...
Tide pauses BBLS lending

Tide pauses BBLS lending

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UK digital bank Tide has paused lending through the government's Bounce Back Loan Scheme (BBLS) after funding fell through. In an open letter to customers,...
Incoming streaming fintech Wagestream raises £20 million

Incoming streaming fintech Wagestream raises £20 million

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Wagestream, the fintech that enables employees to access their earned wages in real time, has completed a £20 million series B funding round. The investment,...
Starling Bank beefs up business banking with new toolkit and USD account

Starling Bank beefs up business banking

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Starling Bank is helping British entrepreneurs get back to business with the launch of a new digital banking toolkit and a US dollar account...
Mastercard signs up three fintechs to opening banking solution

Mastercard signs up three fintechs to opening banking solution

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Three fintechs have joined the Mastercard Open Banking Protect. Aion, DiPocket and Modulr have all signed agreements to use the Protect solution, which is a...
ScaleFactor suspends operations as Covid-19 pandemic hits small businesses

ScaleFactor suspends operations as Covid-19 pandemic hits small businesses

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ScaleFactor, the accounting and finance platform for small business, is suspending a majority of its operations due to the coronavirus (Covid-19) pandemic. Blaming "headwinds created...
Ingressive Capital boosts seed funding power of African startup fund

Ingressive Capital boosts seed funding power of African startup fund

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Nigeria-based venture capital firm Ingressive Capital has doubled its investment vehicle to back high-growth, tech-enabled startups across Africa. The investment fund, now with $10 million...
New York makes it easier to launch cryptocurrency startups

New York to make it easier to launch cryptocurrency startups

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The New York State Department of Financial Services has proposed a new conditional licensing framework that would make it easier for cryptocurrency startups to...
Mastercard to acquire Finicity to advance open banking strategy

Mastercard to acquire Finicity to advance open banking strategy

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Mastercard has entered into an agreement to acquire Finicity, a North American provider of real-time access to financial data and insights, for $825 million. The...
iwoca - the heart of the recovery 2

iwoca: the heart of the recovery

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About iwoca iwoca is unlocking economic growth by expanding the financial possibilities available to small business owners. Since launching in 2012, iwoca has made funding...
Checkout.com valued at $5.5 billion

Checkout.com valued at $5.5 billion

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Checkout.com has become one of the most valuable fintechs globally, with its latest funding round valuing the international paytech at $5.5 billion. Coatue led the...
US consumer credit and loan company Credit Sesame has completed its acquisition of Canadian challenger bank Stack

Credit Sesame acquires challenger bank for international expansion

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US consumer credit and loan company Credit Sesame has completed its acquisition of Canadian challenger bank Stack. The acquisition is the first step toward Credit...
LenderClose hires chief technology officer

LenderClose hires chief technology officer

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US fintech LenderClose has appointed Martina Schubert to the key position of chief technology officer.  Schubert joins LenderClose, which equips credit unions and community banks...
Starling Bank boosts business offering with Slack, Bionic and Equipsme

Starling Bank boosts business offering with Slack, Bionic and Equipsme

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Starling Bank has upgraded its app marketplace with three new integrations. Workplace messaging platform Slack, energy switching service Bionic and health insurance provider Equipsme are...
Lockdown has fired starting pistol in sprint to financial services digitisation

Lockdown has fired starting pistol in sprint to financial services digitisation

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One of the consequences of lockdown has been financial services firms bumping digitisation to the top of their to-do lists, bringing multiple benefits to...
Sberbank powers cashless Take&Go store in Moscow

Sberbank powers cashless Take&Go store in Moscow

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State-owned Sberbank, retailer Azbuka Vkusa and Visa have opened a cashless 'Take&Go' store in Moscow. The cashless store requires customers to use Sberbank's Take&Go app...
Lemonade to launch IPO on New York Stock Exchange

Lemonade to launch IPO on New York Stock Exchange

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SoftBank-backed US insurtech Lemonade has confirmed plans to float on the New York Stock Exchange. Lemonade, the provider of AI-powered renters and homeowners insurance in...
Lendtech iwoca launches payments tool amid trade credit crunch

Lendtech iwoca launches payments tool amid trade credit crunch

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London-based lendtech iwoca has launched a new payment tool to give confidence back to businesses grappling with the fallout of the coronavirus (Covid-19) pandemic. The...
OakNorth powers PNC Bank credit analysis with Covid-19 tool

OakNorth powers PNC Bank credit analysis with Covid-19 tool

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OakNorth has signed a commercial agreement with PNC Bank, one of the leading credit providers to middle market companies across the US. PNC is deploying...
Insurtech Hippo to buy incumbent Spinnaker Insurance Company

Insurtech Hippo to buy incumbent Spinnaker Insurance Company

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US insurtech Hippo has lined up a deal to acquire its home insurance partner Spinnaker Insurance Company. Hippo has partnered with US property and casualty...
Rapyd launches 'full-stack' payment solution in UK

Rapyd launches ‘full-stack’ payment solution in UK

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Fintech as a service company Rapyd has launched its single, 'full-stack' payment solution in the UK. In partnership with several major payment partners including Visa,...
Lendtech Curu raises $3 million for credit applicant eligibility platform

Lendtech Curu raises $3 million for credit applicant eligibility platform

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US-based lendtech Curu has raised $3 million in seed funding from several venture capital firms. Fintech specialist Vestigo Ventures led the funding round, with Harlem...
Starling Bank secures £40 million in new funding

Starling Bank secures £40 million in new funding

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Starling Bank has raised £40 million in a funding round led by JTC and Merian Chrysalis Investment Company. The investment from Starling’s existing investors follows...
Nimbla and Wiserfunding team up to help UK SMEs facing cash shortage

Nimbla and Wiserfunding team up to help UK SMEs facing cash shortage

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Invoice insurance provider Nimbla has teamed up with small- and medium-sized enterprise (SME) credit risk assessment platform Wiserfunding to improve the availability and pricing...
South Korea's regulatory sandbox fintechs attract $110.7 million in venture capital

Regulatory sandbox fintechs attract $110.7 million

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Sixteen fintechs and startups have attracted KRW 136.4 billion ($110.7 million) in venture capital after going through the financial regulatory sandbox of South Korea's...
Insurtech funding falls by more than half

Insurtech funding falls by more than half

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Insurtech funding fell more than 50% during Q1 2020, as the Covid-19 pandemic continues to exert significant downward economic pressure across the globe. Insurance adviser...
Insurtech EIS launches in the UK

Insurtech EIS launches in the UK

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San Francisco-based insurtech EIS, operator of a platform that allows insurers to rapidly create and deploy new and innovative products and services via open...
Fly Now Pay Later raises €39.2 million in funding

Fly Now Pay Later raises €39.2 million in funding

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UK travel and fintech startup Fly Now Pay Later has raised €39.2 million in funding, suggesting that its model of financing holidays to foreign...
Wirecard targets fintechs with Varengold Bank partnership

Wirecard targets fintechs with Varengold Bank partnership

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Wirecard, the digital fintech based in Germany, has partnered with fintech financing house Varengold Bank to provide startups with access to capital and white-label...
Starling Bank and Funding Circle form CBILS partnership

Starling Bank and Funding Circle form CBILS partnership

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Digital bank Starling and loan platform Funding Circle have joined forces to provide £300 million of lending to small businesses under the Coronavirus Business...
OakNorth Bank approves £36 million of CBILS support

OakNorth Bank approves £36 million of CBILS support

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OakNorth Bank has approved loans worth £36 million through the Coronavirus Business Interruption Loan Scheme (CBILS) since the lender went live on the UK...
Moneyhub recruits product owner and marketing director for expansion

Moneyhub recruits product owner and marketing director for expansion

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UK-based Moneyhub is looking to build on increasing interest in its open finance solutions with the appointments of a product owner and marketing director...
Xinja slashes Stash rate to 1.8 percent

Xinja slashes Stash rate to 1.8%

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Australian neobank Xinja has slashed the interest rate on its new savings account to 1.8%. The interest rate reduction on its Stash savings account follows...
How investment platform automation is helping financial advisers in lockdown

How investment platform automation is helping financial advisers in lockdown

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The financial advice industry has been forced to rapidly—and quite possibly irreversibly—change as a result of the spread of coronavirus (Covid-19) and subsequent lockdown....
Nordic fintechs Rocker and Enfuce collaborate on prepaid cards

Nordic fintechs Rocker and Enfuce collaborate on prepaid cards

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Swedish neobank Rocker has chosen Finnish fintech startup Enfuce to set up and launch its prepaid card offering. Stockholm-based Rocker, formerly known as Bynk, runs...
Fintuity offers free financial advice to NHS key workers in UK

Fintuity offers free financial advice to NHS key workers

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UK fintech Fintuity is offering free online financial advice to National Health Service (NHS) doctors, nurses and emergency service workers. Fintuity, which has just launched...
Flagstone raises £12 million in funding

Flagstone raises £12 million in funding

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Flagstone, the London-based fintech behind the UK cash deposit marketplace, has raised $15 million (£12.05 million) in venture capital. The funding round was led by...
Taulia forms alliance with J.P. Morgan

Taulia forms alliance with J.P. Morgan

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San Francisco-based Taulia has partnered with J.P. Morgan to create a unique and differentiated trade finance solution for clients. Supply chain finance provider Taulia helps...
Rapyd expands mass-payout platform

Rapyd expands mass-payout platform

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Self-styled 'fintech as a service' company Rapyd has expanded its mass-payout platform in response to the coronavirus pandemic and an increasing reliance on digital...
OakNorth Bank 'ready' to lend through UK business interruption loan scheme

OakNorth Bank ‘ready’ to lend through UK business interruption loan scheme

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OakNorth Bank, the lender to growth small and medium-sized enterprises (SMEs) in the UK, is ready to begin lending through the Coronavirus Business Interruption...
India's Paytm Payments Bank partners with Mastercard

India’s Paytm Payments Bank partners with Mastercard

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India's Paytm Payments Bank has partnered with Mastercard for virtual and physical debit cards. Virtual cards will initially be rolled out to beta customers. Paytm...
Starling Bank to begin lending through CBILS 'as soon as possible'

Starling Bank to begin lending through CBILS ‘as soon as possible’

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Starling Bank is working closely with the British Business Bank to get lending through the UK government's Coronavirus Business Interruption Loan Scheme (CBILS) as...
UK fintechs to get coronavirus funding boost

UK fintechs to get coronavirus funding boost

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UK-based fintechs will gain access to a £1.25 billion funding package next month, as startups and fledgling businesses deal with the ongoing coronavirus (Covid-19)...
Castle Trust lines up DPR as tech provider ahead of challenger bank launch

Castle Trust lines up DPR as tech provider ahead of challenger bank launch

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Castle Trust has signed up to use the savings origination and servicing platform of banking technology provider DPR, as the investment firm presses ahead...
Virtual identity verification startup Onfido raises $100 million

Virtual identity verification startup Onfido raises $100 million

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Virtual identity verification startup Onfido has raised $100 million (£80.3 million) in funding. Private equity firm TPG Growth led the funding round, which takes London-...
Ethoca partners with Microsoft to give customers easy access to digital receipts

Ethoca partners with Microsoft to give customers easy access to digital receipts

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Mastercard company Ethoca, the provider of a counter-fraud and chargeback management system for banks and merchants, has partnered with Microsoft to give its customers...
OakNorth supports businesses in US and UK through lending ops and funding

OakNorth supports businesses in US and UK through lending ops and funding

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OakNorth has partnered with New York City-headquartered Modern Bank to support US businesses during the coronavirus (Covid-19) pandemic. Modern Bank will supply businesses of fewer...
Starling Bank introduces second card for self-isolating customers

Starling Bank introduces second card for self-isolating customers

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Starling Bank is introducing the option of a second card for its customers who are self-isolating during the coronavirus (Covid-19) pandemic. Protected by a PIN...
UK insurtech honcho raises additional £1.2 million

UK insurtech honcho raises additional £1.2 million

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UK-based insurtech startup honcho, the provider of the jurisdiction's first reverse auction marketplace for financial services, has raised £1.2 million (USD 1.5 million) in...