P2P lender Furongbao said to close Series B on $120.6m

China-based P2P lender Furongbao has reportedly closed its Series B round on $120.6m from an unnamed investor.

Welendus looks to raise up to £850k in its latest crowdfunding campaign

P2P short-term lender Welendus is looking to raise £850,000 through another crowdfunding campaign.

POS Duologi raises £20m funding from Paragon

Point-of-sale finance provider Duologi has raised £20m in a funding from the structured lending team Paragon.

Eduardo Saverin’s B Capital already past $400m for Fund II, having closed $360m Fund...

B Capital, a venture capital firm launched by Facebook co-founder Eduardo Saverin, has already passed $400m for its second fundraise just weeks after closing its $360m debut vehicle.

Mintos announce it has financed €3bn worth in total loans

Mintos, the loans investment platform, has just announced it has financed €3bn worth in total loans.

Merchant payment platforms’ revenue expected to jump to $158bn in the next five years,...

The global market for merchant payment platforms is seemingly in for a good time even though the risk of payment fraud is expected to...

Leap Finance scores $5.5m in round led by Sequoia India

Leap Finance, an international education loan provider, has reportedly secured $5.5m in a funding round led by Sequoia India.

Tech-driven SME lender illimity posts “solid results” in the first quarter despite COVID-19

While COVID-19 is spreading across the globe, illimity has issued bullish results from the first quarter.

CardWorks and Ally Financial pull the plug on merger because of Covid-19

Back in February, technology-enabled finance lender and compliance solution CardWorks announced it would be acquired by digital financial services firm Ally Financial. However, now those plans have been cancelled.

Starling Bank reveals UK SMEs are bullish about their ability to bounce back from...

More than two-thirds of UK SMEs seem to believe they can return to pre-coronavirus levels at the start of 2021, according to new research...

News Stories

InsurTechs pull in strong funding in this week’s 32 funding rounds

InsurTechs pull in strong funding in this week’s 32 funding rounds

This week proved to be a red-letter week for InsurTechs, with two of the top three deals going to companies in the insurance space.
PIMFA advocates for a refresh of the UK's retail investment market

PIMFA advocates for a refresh of the UK’s retail investment market

PIMFA, a significant voice in the WealthTech industry, is urging the UK Government to leverage a 'generational' opportunity to invigorate the UK retail investment market. This call to action comes six months after the introduction of the significant Edinburgh Reforms.
BNY Mellon and MoCaFi join forces to bolster financial inclusion in the US

BNY Mellon and MoCaFi join forces to bolster financial inclusion in the US

BNY Mellon, America's oldest bank with a rich history dating back to 1784, and MoCaFi, an impactful FinTech platform established to empower traditionally underserved communities, have forged a strategic alliance aimed at enhancing financial inclusivity across the U.S.
Revolutionising DeFi access MetaMask Institutional and Fireblocks' integration

Revolutionising DeFi access: MetaMask Institutional and Fireblocks’ integration”

MetaMask Institutional, a branch of ConsenSys and a leading force in web3 wallet services for organisations, is integrating with Fireblocks, a trusted platform for enterprise-grade wallet security and transaction governance.
American Express and Plaid initiate customer-focused digital banking upgrade

American Express and Plaid initiate customer-focused digital banking upgrade

New York-based financial services corporation, American Express, and data network firm, Plaid, have announced a customer-permissioned data sharing agreement set to enhance digital finance options.

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