SME lender Indifi said to raise $21.31m in a Series C
Indifi, an online lending business based in India, has reportedly collected $21.31m in a Series C led by CDC Group.
FBI arrests alleged hacker who accessed over 100 million of Capital One customers’ data
Financial holdings company Capital One has revealed that it fell victim to an extensive hack attack on March 22 and 23, which saw the perpetrator get access to information about roughly 100 million American and six million Canadian customers.
Trinity Cyber raises $23m in funding led by Intel Capital
Trinity Cyber, which proactively intercepts, and controls cyberattacks, has raised $23m in a new funding round.
OnDeck’s shares tank after the FinTech unicorn’s Q2 results failed to impress investors
New York-based OnDeck’s shares dropped by over 22 per cent on Monday July 29 after its second quarter earnings disappointed investors.
POS finaincng service Payright raises $27m in its Series D
Payright, a buy now and pay later service, has raised $27m in a Series D round to support the expansion of its loan book.
FCA proposes contingent charging ban for pensions after accusations of failing to prevent vulture...
The Financial Conduct Authority (FCA) has proposed a ban on contingent charging for pension transfer advice to protect consumers from so-called vulture advisers who only got paid if the transfer went through.
The real reason why FinTech investments in Africa is booming
We're revealing how Africa’s underbanked population and mobile phones gave rise to a massive FinTech market.
German deposit marketplace FinTech Raisin strikes major deal with Legal & General
Berlin-based Raisin, the European deposit marketplace, has teamed up with British Legal & General, the financial services group and investor, to provide the latter’s customers with protected cash savings accounts.
Nigerian Flutterwave partners up with Alibaba to tap into the China-Africa trade
The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.
Abra mobile app to restrict services for US users due to regulatory issues
Cryptocurrency wallet and exchange Abra will be restircting its US users due to regulatory challenges in the country.