48 FinTech funding rounds you missed in the last two weeks
The last two weeks have seen everything from huge $1bn investments rounds to undisclosed seed rounds. Let's check some of them out.
OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders
The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.
Estonia’s Montonio reportedly raises €500,000 in pre-seed funding
Estonian FinTech platform Montonio, which lets users compare loans, has reportedly raised €500,000 in pre-seed funding.
The UK’s FCA launches new review of unsecured credit market
The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies
Virgin Money inks deal with Redspire to support growth of its digital offering
Virgin Money signed a new strategic FinTech partnership with Glasgow-based Redspire to support the development of its digital proposition for its new business current account.
South Africa-based Mortgage Market said to close $691,000 investment round
South Africa-based Mortgage Market has reportedly netted ZAR 10m ($691,000) in its latest funding round, which was led by IDF Capital.
India-based Avail Finance said to close $3.2m in funding
Avail Finance, a neo banking platform for workers in India, has reportedly raised INR 24 crore ($3.2m) in debt financing.
German FinTechs merge to create business-to-consumer savings juggernaut
German FinTechs Raisin and Deposit Solutions have merged in a move that will see the creation of Raising DS – a new market-leading B2C savings company.
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.
Lendtable sets out to tackle liquidity issue in retirement industry
San Francisco-headquartered Lendtable, which provides cash advances to individuals to help them build wealth, has raised $18m in Series A funding at a $25m valuation.
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