FOLK2FOLK bags £7m to support UK SMEs

FOLK2FOLK, a peer-to-peer (P2P) lender for rural and regional small businesses, has collected £7m from British Business Investments.

Lenderwize said to bag €100m in debt funding

Lenderwize, an invoice platform for digital commodities, has reportedly raised €100m in a new debt funding round.

Open banking-powered lender Koyo inks Series A round to help people with poor credit...

Koyo has closed a Series A funding round of $50m in debt and equity led by Force Over Mass with participation from existing investors Forward Partners, Frontline Ventures and Seedcamp.

Financial comparison super app Jeff banks $1.5m seed extension for SEA expansion

Latvia-based FinTech startup Jeff, which currently only has operations in Vietnam, has raised $1.5m in a seed round extension led by J12 Ventures.

Challenger bank lending continues to climb with 11% uptick in 2020

Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.

InsurTech startup Quotall exceeds crowdfunding target

InsurTech company Quotall has exceeded the target of its crowdfunding campaign, pulling in £356,581, at the time of writing.

London-based Tembo Money raises £2.5m to help first-time property buyers increase their deposits

Tembo Money, a London-based FinTech, closed £ 2.5m in funding led by Aviva after its official launch in June 2021.

FinTechs use market alliances to offer leading savings products, research finds

Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.

MPOWER Financing secures $100m equity funding

US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.

Digital education loan startup Credenc collects $25m from Capital India

Finance company Capital India has invested $25m via equity and debt in education loans platform Credenc.

News Stories

Matrixport-raises-funding-after-successful-series-C-raise-digital-assets

Digital asset platform Matrixport eyes $100m raise

Matrixport, a digital assets financial services platform, is reportedly planning to raise $100m.
recession

How firms can navigate transaction monitoring during a recession

During a recession, it is common for everything to get a little harder. For compliance teams however, facing lower resourcing with increasing crime can be a fierce time.
Cogo-Tandem-partner-for-carbon-footprint-tool

Cogo, Tandem partner for carbon footprint tool

Carbon footprint management expert Cogo has partnered with challenger bank Tandem to help banking customers better manage their carbon footprint.
Indian money management app Galgal has raised $1m

Indian money management app Galgal has raised $1m

India-based Galgal Money, a money management app, has reportedly raised $1m in its seed funding round.
SEC

SEC slaps Goldman Sachs Asset Management with $4m fine

The Securities and Exchange Commission (SEC) has charged Goldman Sachs Asset Management for false advertisement of funds and account strategies. 

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