December 19, 2019 @ 9:02 am By Samantha Hurst  |  

UK-based digital banking group Monzo announced on Wednesday it will now allow cash withdrawals in the European Economic Area (EEA) to be free. This news notably follows a change in EU regulation on cross-border payments we’ve decided to remove ATM fees and limits for countries… Read More

December 19, 2019 @ 8:41 am By Samantha Hurst  |  

Finland-based banking group Nordea Bank announced on Thursday it has entered into an agreement with Société Générale to acquire all shares in SG Finans AS (SG Finans) and intends to combine the business with Nordea’s pan-Nordic finance company, Nordea Finance. The agreed purchase price for… Read More

December 19, 2019 @ 8:25 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Wednesday it has expanded its business Marketplace with the addition of cloud-based accounting software provider Intuit QuickBooks. The service will give the bank’s 90,000 business customers a link between their bank account activity and their accounting package…. Read More

December 18, 2019 @ 4:46 pm By Samantha Hurst  |  

Crowdfunding brewing company BrewDog is set to close its latest mini bond on Crowdcube later this week with nearly £3 million in funding secured from more than 1200 Crowdcube investors. The mini bond notably comes just a few months after BrewDog USA filed a form… Read More

December 18, 2019 @ 4:35 pm By Samantha Hurst  |  

Scottish brewery Innis & Gunn announced on Tuesday it was extending its equity crowdfunding campaign on Seedrs for an additional 43 days. The brewery’s campaign, which was launched last month, is seeking to raise £3 million and is offering 1.96% in equity at a £149,750,989… Read More

December 18, 2019 @ 3:40 pm By Samantha Hurst  |  

RDC (Regulatory DataCorp) announced on Wednesday it has renewed its agreement with UK-based digital banking group Monzo to help fight against anti-money laundering for the bank’s U.S. launch. According to RDC, the partnership will build on the success of the past two years in the… Read More

December 18, 2019 @ 2:45 pm By Samantha Hurst  |  

Hourly, a U.S.-based insurtech/fintech that simplifies workers’ comp insurance, payroll and time tracking for small business owners, announced on Wednesday it secured $7.15 million through its latest seed funding round, which was led by Aya Peterburg and Haim Sadger of S Capital, with participation from Inovia Capital, J-Angels and… Read More

December 18, 2019 @ 2:19 pm By Samantha Hurst  |  

Chinese digital bank WeBank announced on Wednesday it has formed new partnerships with cloud computing platform Tencent Cloud and deep learning research Mila. According to WeBank, the partnerships will seek to protect data privacy while enabling cross-organization collaborations in both AI and fintech, which is… Read More

December 18, 2019 @ 12:00 pm By Samantha Hurst  |  

FinVolution Group, a China-based fintech that connects underserved individual borrows with financial institutions, announced on Wednesday it has made an equity investment in Fujian Haixia Bank (FHB). The company reported it has subscribed for 281 million of newly issued shares of the bank, which notably… Read More

December 18, 2019 @ 11:43 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has teamed up with fintech Brightwell to enable cruise line crew members to digital send their money home using MoneyGram within the Brightwell app. The duo revealed: “The MoneyGram-Brightwell partnership gives crew members an… Read More

December 18, 2019 @ 9:47 am By Samantha Hurst  |  

Playfinder, a UK-based sports club platform and mobile app, has closed its equity crowdfunding campaign on Crowdcube with a total of £733,550 in funding secured. The funding round attracted 224 Crowdcube investors. Since launching in 2014, Playfinder has reportedly helped 2.3 million of its platform’s… Read More

December 18, 2019 @ 7:46 am By Samantha Hurst  |  

Kapitus, a U.S.-based small and medium-sized business financing provider, announced on Tuesday it closed its second asset-backed securitization (ABS) for $160 million. Kapitus reported that the facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million, was issued in… Read More

December 17, 2019 @ 3:40 pm By Samantha Hurst  |  

Financial services firm Fidelity Investments announced on Tuesday it is planning to establish a new digital asset business that will support European institutional investors. Fidelity Digital Assets, Ltd. will reportedly offer access to enterprise-quality custody and trade execution services for digital assets to investors such… Read More

December 17, 2019 @ 3:19 pm By Samantha Hurst  |  

State Street, a Boston-based asset-management firm “responsible for more than 10 percent of the world’s assets,” announced on Tuesday it has teamed up with cryptocurrency platform Gemini to launch a new digital asset pilot, which notably builds on ongoing research and development in the digital… Read More

December 17, 2019 @ 2:37 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Monday its second regional report revealed a spike in business loan demands in the South Atlantic states. The report notably revealed that in the third quarter the region saw the highest percentage of growth in small business loan… Read More

December 17, 2019 @ 1:56 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, reported on Tuesday strong inflows to its flagship real estate debt fund during November. LendInvest reported that over the month, it secured £23 million of new investment for its Real Estate Opportunity Fund. This notably brought the fund’s… Read More

December 17, 2019 @ 12:28 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it is set to issue its 140 millionth card in 2019, ending a calendar year filled with major growth milestones as its open API payments issuing and… Read More

December 17, 2019 @ 11:11 am By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has appointed Sophie Krishnan as its new Chief Operating Officer. According to WorldRemit, Krishnan has held senior management roles at consumer-facing disruptors like Expedia and Trainline, where she led product,… Read More

December 17, 2019 @ 9:18 am By Samantha Hurst  |  

Nummo, a personal financial management platform based in Switzerland, announced on Tuesday it is set to offer access to savings accounts through Deposit Solutions’ platform. “With the help of Deposit Solutions, Nummo will be going beyond the standard features of budgeting, retirement planning and debt… Read More

December 17, 2019 @ 8:08 am By Samantha Hurst  |  

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday it has expanded its payments network to include Nigeria and South Africa. dLocal reported it now supports more than 300 local payment methods in 17 market… Read More