California’s DOB halts lending capabilities of Sezzle after deeming illegal activity
The California Department of Business Oversight (DBO) has denied point-of-sale (POS) lender Sezzle to offer loans after finding it engaged with illegal unlicensed lending.
B-North closes funding round as it gears up for launch
SME lending bank B-North has closed its latest crowdfunding campaign in excess of £2m.
ZestMoney said to raise $15m in Series B
POS lending platform ZestMoney has reportedly raised $15m in a Series B round led by Goldman Sachs.
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.
Starling bank becomes second challenger bank to raise overdraft fees for people with bad...
Hot on the heels of Monzo, Starling Bank has changed its overdraft fee rules on the back of a Financial Conduct Authority (FCA) decision.
Nubank is telling customers to stop trying to use digital wallets to delay payments
Brazilian challenger bank Nubank has indirectly told off some of its clients for trying to trick the system.
Qwil receives $223m in a mixture of debt and equity
Qwil, which offers businesses and freelancers a way to be paid early, has reportedly secured $23.4m in equity funding and $200m in debt capital.
Camino Financial closes $8m Series A and converts additional $3m notes into equity
Camino Financial, a startup leveraging data to offer small business loans, has closed its Series A round on $8m.
Financial identities for world’s unbanked would add $250bn to the global GDP
Catering to underbanked people could add a massive boost to the global economy, according to a new study from Oxford Economics.
Carsome is gearing up for an Asian expansion drive after its new $50m investment
Carsome, the Malaysian car marketplace, has bagged $50m in a new Series C investment round to strengthen its grip of the Southeast Asian market.
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