Marketplace Lending

Hometap closes doors on $100m funding round

Hometap, which enables homeowners to tap into their home equity without taking out a loan, has raised $100m in funding.

Danske Bank launches UK’s first carbon neutral mortgage

Danske Bank has launched the UK’s first mortgage certified as carbon neutral by the Carbon Trust to tackle emissions generated throughout the mortgage life cycle.

Float grabs $3m for millennial credit lending

Credit line lender Float has raised $3m in what it’s calling an angel round from investors include Camp One Ventures, Funders Club and 500 Startups.
fintech-news

Farm financing platform ProducePay picks up $77m

Farming-focused lender ProducePay has secured $77m in equity and debt funding to provide cash-flow solutions to farmers of perishable goods.

The US Department of Justice steps in on Intuit’s $7.1bn acquisition of Credit Karma...

The US Department of Justice has announced Credit Karma must divest its tax business to Square, if it wishes to complete its $7.1bn acquisition by Intuit.

Switzerland-based i2 Invest said to close $1.4m in funding round

Switzerland-based i2 Invest has reportedly closed a new funding round on $1.4m to help it launch two funds in Autumn.

Facebook teams up with Indifi to offer loans to small businesses in India

Facebook has partnered with an Indian online lending firm Indifi to help provide loans to small domestic businesses, as part of a push to bring more businesses to advertise on its platform.
Indian FinTech innovator 50Fin secures INR 4.25 crore ($525k)

Indian FinTech innovator 50Fin secures INR 4.25 crore ($525k)

50Fin, an Indian financial technology firm, has announced the successful closure of its recent pre-seed funding round.

Nigerian neobank Kuda raises a $25m Series A funding round

Nigeria-based challenger bank Kuda Bank hauled in a $25m Series A round to boost its banking services for Africans.

Nelo snares $3m to expand ‘buy now, pay later’ market in Mexico

Mexico City-based firm Nelo has raised $3 million from a seed funding round to expand the use of the buy now pay later platform...

News Stories

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata, a leading provider in AI-driven reconciliation and data management tools, has partnered with Temenos, a banking software developer. 

Corpay boosts market presence with strategic Paymerang acquisition

Corpay, which offers corporate payments, has officially announced its intent to acquire Paymerang, a top provider of accounts payable automation solutions.
Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds have made a robust start to the year, with the Morningstar Canada Sustainable Fund Landscape for Q1 2024 reporting an impressive $193.3m in inflows.
Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Bloomberg today unveiled a groundbreaking tool on the Bloomberg Terminal that enables investors to scrutinize portfolios, funds, and indices through sustainability thresholds tailored by the users themselves.
“The top 10 banks for AI talent currently account for 51% of the overall banking industry talent pool—a huge advantage when it comes to AI adoption. This concentration of AI talent has real consequences. If the banks that lag behind cannot close the gap, the race to implement AI will become an uphill struggle.”

US banks are surpassing European counterparts in AI talent growth

In the past six months, the world's foremost banks have expanded their AI talent by 9%, a rate that doubles their overall headcount growth, according to a survey from Evident.

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