UK banks forced to embrace FinTech
UK banks are being forced to get to grips with FinTech thanks to a package of measures being imposed by the Competition and Markets Authority (CMA).
TransferWise enters Asian market with Japanese launch
London-based remittances startup TransferWise is entering the Asian market and launching in Japan. It follows news that the company saw its revenues triple last year but increased it losses.
Afrimarket lands $11m for cash-to-goods remittances
Afrimarket, a cash-to-goods money transfer service focused on French-speaking Africa has raised €10m ($11m) from UK-based Global Innovation Fund and PROPARCO.
WeLab lands $25m credit facility for online loans
WeLab is proving that despite negative press and tough new regulations in the region, investors still see big potential in the space landing a $25m credit facility note from Dutch bank ING.
Payworks swipes $4.5m for payments processing
Payments processing firm Payworks has raised $4.5m in a Series A round of funding from Rumford and HW Capital. Existing backer Speedinvest also join the round.
Crypto Facilities takes $1.5m for digital asset trading
Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner Pamir Gelenbe.
Iatai swipes $5m for Latin American and Caribbean services
Iatai Enterprises, a FinTech and InsurTech company serving Latin America and the Caribbean, has raised $5m in a funding round. The capital comes from private equity fund CASEIF III LP.
iFunding pays out $150,000 to settle lawsuit
Real estate crowdfunding platform iFunding is paying $150,000 to settle a lawsuit brought against it by a shareholder.
MetLife joins R3 to explore Blockchain role in insurance
US insurance giant MetLife is joining the R3 blockchain consortium to explore what role the technology could play a role in its field.
Atom Bank plans to raise $131m in funding next year
Atom Bank, a UK-based challenger bank backed by Spanish finance giant BBVA, plans to raise ?100m ($131m) in the first quarter of 2017.
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