Credit Scoring

Petal, a credit card company helping people to build credit, has closed its Series C on $55m so it can help more people in these tough times.

German FinTech startup Monedo has gone bust, leaving the rest of the industry to speculate what this means for the sector.

Another German FinTech giant bites the dust with Monedo filing for bankruptcy after the pressures of Covid-19 became too much for the once celebrated company backed by investors like Peter Thiel and Naspers.

Many RegTech ventures use artificial intelligence, but when they do it is essential that they do so in an ethical way.

Cybersecurity has had a big funding week with ReliaQuest picking up the biggest round last week, but several challenger banks and InsurTech ventures also bagged considerable cash injections.

Katapult Accelerator almuni Esusu has bagged $2.3m in a seed extension round, bringing the total raised in this round to $4m.

Credit platform Blacksoil Capital has secured $3.4m from more than 60 investors who injected the cash through non-convertible debenture placements.

Digital risk company CredoLab has secured $7m in a Series A round led by global identity data intelligence company GBG.

India-based FPL Technologies has reportedly bagged $10m in its Series A funding round to support the wider distribution of its credit card.

American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.