General News

July 11, 2018 @ 8:05 am By Samantha Hurst  |  

Software firm New Frontier Group (NFG) announced last week it has partnered with SaaS banking engine Mambu to extend its digital banking offering. According to NFG, the cloud-based model leverages its opti-channel digital banking solution, powered by Mambu’s SaaS banking engine, to create a fully online… Read More

July 11, 2018 @ 7:26 am By Samantha Hurst  |  

Fintech Europe, Plug and Play’s newest platform, based out of Frankfurt, Germany, announced on Tuesday the nine startups selected for its first batch. The platform, which has Deutsche Bank and TechQuartier as the founding partners, aims to create a multi-corporate fintech program, running two 12-week accelerator… Read More

July 10, 2018 @ 3:47 pm By Samantha Hurst  |  

Last week, Saudi Arabia’s Capital Market Authority (CMA) announced the approval of the first two trial financial technology licenses to Manafa Capital and Scopeer. According to the organization, these trial licenses will qualify the two companies to provide crowd-funding service in the Kingdom of Saudi Arabia…. Read More

July 10, 2018 @ 7:41 am By Erin Hobey  |  

iwoca, a European alternative small business lender, has reached profitability in the first half of 2018 amid a doubling of revenue over three successive years. Since launching in 2012, iwoca has reported lent £500M to 20,000 businesses. To meet soaring demand from its small and micro… Read More

July 10, 2018 @ 7:32 am By Erin Hobey  |  

Launched in the UK 19 months ago, online property finance marketplace CapitalRise seeks to enable individual and corporate investors to provide finance for Prime Central London property developers with a minimum investment of just £1,000, earning returns of 8-12% per annum through its Innovative Finance ISA…. Read More

July 10, 2018 @ 7:07 am By Erin Hobey  |  

Venture capital firm Hack VC is in the midst of its bi-annual event, hack.summit(), a gathering and hackathon of some of the world’s key technical leaders in blockchain. Now live and held virtually until 11 July 2018, this year’s hack.summit() theme is blockchain, with headline speakers… Read More

July 9, 2018 @ 3:20 pm By Samantha Hurst  |  

On Monday, U.S. fintech startup Strands announced it is teaming up with Mastercard to provide issuing banks with an integrated platform of digital cash management and commercial payment tools that is specifically designed to benefit small-to-medium enterprises (SMEs). According to Strands, the Strands Business Financial… Read More

July 9, 2018 @ 12:10 pm By Samantha Hurst  |  

Finnish fintech Mash has reportedly joined Luxembourg House of Financial Technology Hub (LHoFT)  as the hubs first innovation partner. The duo reported that this new partnership will allow Mash to complement its innovation and growth strategy as it seeks to “build its business across Europe.” Mash claims… Read More

July 9, 2018 @ 10:43 am By Samantha Hurst  |  

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

July 9, 2018 @ 10:21 am By Samantha Hurst  |  

IBM (NYSE: IBM) announced last week it has teamed up with Italian bank, Banca Carige, to launch launched Dock, a $500 million U.S. joint venture, to bring innovative technologies including AI, big data, analytics and cognitive tools to improve the competitiveness of Carige’s more than 500 branches and… Read More

July 9, 2018 @ 9:28 am By Samantha Hurst  |  

Moneybox, a UK-based savings and investment app, successfully secured £14 million through its Series B funding round, which was led by Fidelity International’s proprietary investment arm, Eight Roads, with participation from existing investors Oxford Capital Partners and Samos Investments. Founded in 2015, Moneybox states its… Read More

July 5, 2018 @ 7:40 pm By JD Alois  |  

The UK government, via the Department for International Trade (DIT), is offering an interesting program to incentivize entrepreneurs to set up shop in Great Britain. Of course, some of this has to do with Brexit and the UKs desire to promote an innovation driven economy… Read More

July 5, 2018 @ 3:00 pm By Samantha Hurst  |  

Edinburgh Napier University announced on Wednesday the launch of a new dedicated course for its Master’s degree in Fintech. The University reported that its Business School already has various courses to offer at both undergraduate and postgraduate levels, and the addition of the new fintech… Read More

July 5, 2018 @ 1:00 pm By Samantha Hurst  |  

Azimo, a European digital money transfer firm based in London and Krakow, has reportedly has added ten new countries to its services for customers in Nordic countries. This news comes just a little over a month after the company secured $20 million through its Series C… Read More

July 5, 2018 @ 5:21 am By Erin Hobey  |  

In preparation of its Lending Challenge, the P2P investment aggregation provider Orca partnered with UK P2P Lending Knowledge Leaderboard and posted a quiz targeting investors and industry players to see how much people know about the P2P knowledge. Neither questions nor answers will be posted here to keep the quiz… Read More

July 4, 2018 @ 12:19 pm By Samantha Hurst  |  

Revolut, a digital-only bank that claims it is signing up over 120 businesses per day, announced on Wednesday it has signed up one million customers in the UK and saved them over $330 million in fees, as the London-based company continues to prep for global expansion…. Read More

July 3, 2018 @ 2:33 am By Erin Hobey  |  

Plum’s second crowdfunding raise on Seedrs is proving to be just as successful as its first £925K campaign. Plum, an artificial intelligence (AI) chatbot for personal finance, returned to Seedrs in late June seeking an additional £850,000 in funding. Funds from the latest Seedrs round will be used to… Read More

July 3, 2018 @ 1:25 am By Erin Hobey  |  

Two years ago Cleveland Whiskey set itself apart as one of the first Reg CF investment crowdfunding offers to list following the launch date on 16 May. The spirits company  swiftly tapped over $295K in 2016 from more than 500 Wefunder investors. The Whiskey Distillery has partnered again… Read More

July 2, 2018 @ 3:33 pm By Samantha Hurst  |  

Following the two year anniversary of Brexit, UK peer-to-peer lender Lending Works analyzed the economy, fintech, and peer-to-peer lending industry following the historic EU referendum. The online lender revealed: “Last week marks two years since the historic EU referendum, which saw the British people stun… Read More

July 2, 2018 @ 2:06 pm By Samantha Hurst  |  

American Express (NYSE: AXP) announced last week plans to launch a co-branded Amazon credit card for small businesses in the U.S. According to the credit giant, the new card will enhance the way small businesses buy goods and services across Amazon and is part of… Read More