Marketplace Lending

India-based digital lending platform PaySense has secured $18m in its Series B round of funding.

Automated mortgage marketplace Morty has raised $3m in a Seed round led by Thrive Capital. SV Angel, FJ Labs, Corigin Ventures, MetaProp, Techstars and angel investors also participated.

Loan provider Cash 4 You Corp has netted CAD$40m ($32m) from Comvest Credit Partners in a senior term loan.

SME lender iwoca has raised £21m in a Series C round led by Prime Ventures. Funding also comes from existing backers.

AXA Strategic Ventures, the global venture capital firm, is rebranding and will be known as AXA Venture Partners.

Solaris, a prominent figure in the German FinTech sector, is experiencing hurdles as it tries to garner the necessary funding, casting shadows over its capability to fulfil a pivotal credit card agreement for ADAC, Europe’s leading motorists association. This situation hints at emerging challenges in the European FinTech domain.

UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.

Employee financial wellness startup Neyber has picked up ?7.5m in a Series B round. The investment comes from existing backer Police Mutual as well as a former Deutsche Bank COO and Credit Suisse Investment Bank co-head.

X-Margin, which offers credit scoring and risk monitoring services to financial institutions, has secured $8m in its Series A funding round.

Purely Capital has launched a FinTech platform to improve the process of financing film and TV production as well as boosting creators' cashflows.