July 7, 2019 @ 9:15 pm By Samantha Hurst  |  

Online lending platform Funding Circle announced last week it completed its fourth securitization of funding. According to Funding Circle, the £232 million transaction is considered the largest ever securitization facilitated through its platform. “The transaction was rated by two rating agencies, and its senior tranche was… Read More

July 5, 2019 @ 10:06 pm By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday the launch of its first direct lending private fund focused on German and Dutch small businesses. According to Funding Circle, The Funding Circle European SME Direct Lending Fund I (European SME Fund) provides institutional investors including pension… Read More

July 5, 2019 @ 9:47 pm By Samantha Hurst  |  

LuxDeco, a UK-based platform that connects high-end interior brands and artisans to luxury consumers and design professionals through their curated online marketplace and personal stylist recommendations, has successfully secured its initial £1.5 million through its equity crowdfunding campaign on Crowdcube. The funding round was launched… Read More

July 5, 2019 @ 3:19 pm By Samantha Hurst  |  

Riversimple, a Wales-based hydrogen-electric car company, has successfully secured its initial £750,000 funding target through its latest equity crowdfunding campaign on Seedrs. The funding round has attracted more than 550 investors and is offering 1.26% in equity with a £58,933,056 pre-money valuation. As previously reported, the… Read More

July 5, 2019 @ 8:30 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has formed a new partnership with banking and B2B2C-focused fintech CreditPilot to continue growth and development of digital financial services for mobile network operators and retailers. According to Wirecard, CreditPilot will incorporate… Read More

July 5, 2019 @ 8:23 am By Samantha Hurst  |  

UK banking group NatWest announced on the pilot launch of its new working capital product, Rapid Cash. According to NatWest, the NatWest Rapid Cash is an alternative to a traditional business overdraft, with a credit limit that is based on customers’ unpaid invoices. “Rapid Cash can… Read More

July 5, 2019 @ 8:13 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Thursday its ISA has now passed the milestone of attracting £250 million in subscriptions. RateSetter reported that in under 18 months since its launch in February 2018, the RateSetter ISA has attracted more than £250 million in subscriptions, which… Read More

July 5, 2019 @ 7:49 am By Samantha Hurst  |  

Digital challenger bank Monese announced on Thursday it has formed a new collaboration with payments platform giant PayPal. Monese reported that customers in the UK will be able to do the following: Link Monese and PayPal accounts, to manage PayPal balance and transactions in the… Read More

July 4, 2019 @ 9:59 am By Samantha Hurst  |  

BBVA announced on Tuesday, in partnership with Uber, that it is launching what it claims to be the first banking product in Mexico that operates in a third-party app. BBVA reported that through the Uber application, Uber’s driver and delivery partners may quickly and easily… Read More

July 3, 2019 @ 4:45 pm By Samantha Hurst  |  

ANZ, Commonwealth Bank, IBM (NYSE: IBM), Scentre Group and Westpac announced on Tuesday they have jointly launched a live pilot for Lygon, which is described as a new digital platform using blockchain technology to transform the way businesses obtain and manage bank guarantees that are often required… Read More

July 3, 2019 @ 3:04 pm By Samantha Hurst  |  

eToro US announced on Wednesday it will add 120 ERC-20 tokens to its multi-crypto on-chain wallet. eToro reported that the first 5 of the 120 tokens added to the wallet today are 3 cryptoassets, Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG), and two eToro… Read More

July 3, 2019 @ 2:48 pm By Samantha Hurst  |  

Cauli Rice, under its brand name Fullgreen, is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £700,000 in funding. The funding round was launched late June and quickly secured its initial £600,000 funding target. The campaign has also attracted more than… Read More

July 3, 2019 @ 1:28 pm By Samantha Hurst  |  

Joko, a fintech startup based in France, announced this week it secured 1.6 million through its first investment round. The companies who participated in the funding round are Partech, Axeleo Capital, Lafayette Plug and Play, and several angel investors. Founded in 2018, Joko states it… Read More

July 3, 2019 @ 1:00 pm By Samantha Hurst  |  

Tickr, a UK-based investment mobile app, completed its equity crowdfunding campaign on Seedrs with more than £1 million. The funding round was launched in April and quickly raised its £500,000 funding target. As previously reported, Tickr describes itself as an impact investment app that has… Read More

July 3, 2019 @ 12:26 pm By Samantha Hurst  |  

Airfox, a U.S.-based fintech startup, announced on Wednesday it has teamed up with Mastercard Brazil and Zurich Insurance for expansion of its banking services. The company noted that the trio will expand the availability of affordable and cost-free banking solutions with 1% cashback to customers. … Read More

July 3, 2019 @ 9:26 am By Samantha Hurst  |  

UK banking group NatWest announced on Tuesday it has completed a SONIA (Sterling Overnight Index Average) loan for its corporate customer National Express. According to NatWest, the loan has been provided as a committed Revolving Credit Facility. Ashurst LLP acted as legal adviser to the bank… Read More

July 3, 2019 @ 9:18 am By Samantha Hurst  |  

European payments platform Nets announced on Wednesday it has partnered with Sweden payments app, Swish, to launch an in-store payments pilot program. According to Nets, Swiss has mostly been used for account-to-account transact actions and e-commerce payments, The app is now working with Nets to… Read More

July 3, 2019 @ 9:07 am By Samantha Hurst  |  

Australia-based global payments provider Verrency announced on Wednesday it has appointed Beam Wallet co-founder Shezan Amiji as a new global advisory board member. Verrency reported that prior to Beam Wallet, Amiji founded EcoVentures, a Greenhouse Gas reduction and management firm. While sharing more details about… Read More

July 3, 2019 @ 8:54 am By Samantha Hurst  |  

Canadian cryptocurrency platform Coinsquare announced on Tuesday it has obtained controlling investment for fintech software provider, Just Cash. According to Coinsquare, Just Cash’s software enables any ATM to sell cryptocurrency to customers and allows customers to purchase cryptocurrency through the traditional ATM process without disrupting the… Read More

July 2, 2019 @ 3:54 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it is set to launch an installment payment plan (IPP) on Shopee, an e-commerce platform in Southeast Asia and Taiwan. According to Wirecard, the IPP will be rolled out to selected Shopee sellers… Read More