Zopa becomes first P2P lender to pass £2bn milestone
London-based peer-to-peer (P2P) lending company Zopa has become the first in the UK market to surpass £2bn in loans. It has facilitated 300,000 loans since launching 12 years ago.
Nyca Partners closes second FinTech fund with $125m
New York-based venture firm Nyca Partners has closed its latest fund with $125m in total commitments to invest in FinTech.
BitFury lands $30m in deal with Credit China FinTech
Bitcoin and blockchain infrastructure and security provider BitFury has landed $30m from Chinese financial services provider Credit China FinTech.
Cleo pockets $700,000 for personal savings chatbot
Artificial intelligence-powered finance chatbot Cleo has picked up $700,000 from angel investors. The London-based company saw participation from a large group of well-known European tech figures.
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Raisin picks up ?30m for deposits marketplace
Berlin-based banking deposit marketplace Raisin has closed ?30m in a Series C funding round led by US VC Thrive Capital. Ribbit Capital and Index Ventures also participated.
Alpaca grabs $1.7m for AI-driven trading tech
FinTech AI startup Alpaca has raised $1.7m in a new venture funding round. The investment comes from D4V, Monex Ventures and MUCAP of Mitsubishi UFJ Financial Group.
Group payments app Tilt in buyout talks with Airbnb
Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.
Cuvva parks £1.5m for pay-as-you-drive insurance
Pay-as-you-drive car insurance startup Cuvva has raised £1.5m in a new round of funding led by LocalGlobe.
Ford ploughs into FinTech with AutoFi investment
Auto giant Ford is making an investment in the FinTech space and backing auto financing startup AutoFi. The size of the investment in the San Francisco startup is undisclosed.
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