Tag: debt

New FinTech unicorn activity during October reaches highest level in 2023

New unicorn levels have picked up in October with nine reaching status in the month, the highest levels since the same period last year....

Persistent debt looms as CFPB identifies $130bn in charges by credit...

The Consumer Financial Protection Bureau (CFPB) recently disclosed its report to Congress on the consumer credit card market for 2022.

16 million UK residents unaware of debt risk with BNPL

Approximately 16 million UK residents remain oblivious to the financial risks associated with 'Buy Now Pay Later' (BNPL) services, says research from responsible lender,...

Zilch becomes first BNPL to partner with UK debt charity StepChange

UK-headquartered buy now pay later (BNPL) FinTech Zilch has partnered with UK debt charity StepChange to help those during the cost-of-living crisis.

Obligate nets $4m for its blockchain-based regulated debt securities marketplace

Obligate, which offers blockchain-based regulated debt securities, has reportedly raised $4m in a seed extension.

Credit marketplace Percent collects debt investment

Percent, a modern credit marketplace, has received an investment from Nomura Strategic Ventures’ debt fund.

Debt packager referral fees to be banned under new FCA proposal

The Financial Conduct Authority (FCA) has proposed the banning of debt packager companies from being paid to refer customers on to other businesses.

FCA takes action on debt packaging firms following review

A review by the Financial Conduct Authority (FCA) on the practices of debt packager companies has led to six firms stopping providing regulated debt advice.

Aclaimant secures $15m Series B to support innovation, team expansion

Chicago-based Aclaimant has closed a $15m Series B equity and debt funding round led by Next Coast Ventures (NCV).

Lending, credit and financial planning app Updraft seals £16m equity and...

Lending, credit monitoring and financial planning app Updraft has scored a £16m equity and debt funding round.

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