Marketplace Lending

FCA offers new guidance for firms on how to support credit customers affected by...

It's hardly a secret that many people are facing a lot off financial hardship because of the coronavirus. That's why the Financial Conduct Authority (FCA) offered more guidance to credit customers affected by the virus.

Auto repair loan startup DigniFi closes $14m Series A

DigniFi, a AI-powered platform which connects consumers with lenders for auto parts, repairs and services, has raised a $14m Series A led by BuildGroup.

Axiata Digital receives $70m in funding to support the expansion of its digital financial...

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Capital raises $9m in seed round led by AME Cloud Ventures

Fundraising FinTech Capital has closed a $9m seed funding round led by AME Cloud Ventures.

20 FinTech rounds from last week you can’t afford to be unaware of

FinTech companies, RegTech ventures, InsurTech startups and challenger banks raised money in the last week. This is what you can learn from the 20 FinTech rounds we reported on.

French digital startup Memo Bank raises ?20m

FinTech Memo Bank has raised ?20m in a Series A round led by BlackFin Capital.

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.

Qupital revealed as one of eBay’s recommended financing service providers in Hong Kong

Trade financing platform Qupital has inked a deal with eBay to become one of its officially recommended financing service providers in Hong Kong.

Home loans platform RenoFi said to secure $6.4m in its Series A round

RenoFi, which helps consumers to find home renovation loans, has reportedly secured $6.4m in its Series A funding round.

ScaleFactor forced to shut down operations because of Covid-19 despite having raised over $100m

Bookkeeping and payroll FinTech startup ScaleFactor shuts down operations after raising over $100m in just over a year.

News Stories

Lendbuzz partners with Mizuho to secure $100m for innovative vehicle financing

Lendbuzz partners with Mizuho to secure $100m for innovative vehicle financing

Lendbuzz, which specialises in improving access to credit for consumers purchasing vehicles, has secured a $100m warehouse facility with Mizuho Americas. 
RegTech

How Muinmos has had a front-row seat to the RegTech revolution

As it prepares to turn 12, Danish RegTech firm Muinmos has witnessed the sector evolve rapidly since its inception. With more eyes on it...
As the world marches towards modernisation, industries across the board are facing the pressing question of how to adapt and stay relevant in an increasingly digital landscape. This shift is particularly pronounced in the insurance sector, where the demand for greater diversification of products and services is reshaping traditional business models. One of the key dilemmas facing insurers today is whether to invest heavily in transforming into full-fledged IT organisations or to concentrate solely on their core competency of crafting insurance products.

Should insurers invest in becoming an IT organisation?

As the world marches towards modernisation, industries across the board are facing the pressing question of how to adapt and stay relevant in an increasingly digital landscape. This shift is particularly pronounced in the insurance sector, where the demand for greater diversification of products and services is reshaping traditional business models. One of the key dilemmas facing insurers today is whether to invest heavily in transforming into full-fledged IT organisations or to concentrate solely on their core competency of crafting insurance products.
Aviva, a leading insurance provider, and RiskEye, a digital risk management specialist, have joined forces to enhance Aviva's cyber insurance offering.

Aviva to enhance cyber insurance offering through new partnership

Aviva, a leading insurance provider, and RiskEye, a digital risk management specialist, have joined forces to enhance Aviva's cyber insurance offering.
ISSB

ISSB launches groundbreaking digital sustainability taxonomy

The ISSB has announced the publication of its much-anticipated IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy).

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