November 29, 2021 @ 10:29 pm By JD Alois  |  

Athene (NYSE: ATH) and Apollo (NYSE: APO) have agreed to purchase a controlling stake in consumer lender Aqua Finance. The valuation was said to be approximately $1 billion. Under the terms of the deal, Apollo will manage the investment on behalf of Athene. Blackstone, an… Read More

November 29, 2021 @ 9:43 pm By JD Alois  |  

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More

November 29, 2021 @ 9:23 pm By Omar Faridi  |  

Laleta Buctkuar notes that she recently joined UK’s Assetz Capital in June of this year, “specifically to focus on bridging products and distribution.” Laleta shared that she began working in financial services more than 20 years ago. Laleta also noted that she had a part-time… Read More

November 29, 2021 @ 9:21 pm By Omar Faridi  |  

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

November 29, 2021 @ 5:41 pm By Omar Faridi  |  

Eleving Group (previously doing business as Mogo Finance) has shared its unaudited results for the nine months of 2021, “conclusively determining the company’s course to the best financial year in its history.” As mentioned in a blog post published by the Mintos team, the group’s… Read More

November 29, 2021 @ 4:10 pm By Omar Faridi  |  

Online marketplace lender October is currently active in five European nations. October CEO and Founder Olivier Goy recently noted that he launched October 7 years ago in France. While commenting on the financing landscape 7 years back and now and the challenges and opportunities this… Read More

November 29, 2021 @ 3:15 pm By Xu Gao  |  

Beijing Looks to Set Up Digital Asset Exchange in the Sub-Center Area On November 26th, the State Council released a circular on supporting Beijing’s sub-center in pursuing high-quality development. To achieve the goals of a green city, sponge city, and smart city, related authorities will… Read More

November 29, 2021 @ 2:06 pm By Omar Faridi  |  

Rnwl, a platform planning to transform/improve the current buying and managing insurance process, has secured 184% (£276,448) of its £150,002 target from 304 investors (at the time of writing) with 23 days left in its crowdfunding campaign, carried out via Seedrs. Located in Cambridge, United… Read More

November 29, 2021 @ 11:26 am By Omar Faridi  |  

Boring Money, a company that helped 1 million consumers find the appropriate investment products and advice, has raised 124% (£2,237,469) of its £1,800,000 target from 671 investors (at the time of writing) with 2 days left in its crowdfunding campaign via Crowdcube. The company reports… Read More

November 29, 2021 @ 11:24 am By JD Alois  |  

The UK research firm Hardman & Co. has distributed a white paper that says investors are underweight venture capital. The research was published with the support of SyndicateRoom, Deepbridge, One Four Nine, and Nova Growth  Capital. Once a securities crowdfunding platform, SyndicateRoom now offers a… Read More

November 29, 2021 @ 9:50 am By Omar Faridi  |  

Artist-led production studio Accursed Share has announced a non-fungible toke (NFT) collection by celebrity photographer Frederic Auerbach that will give an “exclusive insight” into his work with five of Hollywood’s notable celebrities as well as 30 “never-before-seen” ‘process’ photos culled from the “working sessions with… Read More

November 29, 2021 @ 9:45 am By JD Alois  |  

Bank North, a challenger bank that is digital-first with a unique strategy with physical operations, has hired Louise Halliwell as Head of Savings. Bank North recently completed a Series A funding round after receiving a Banking License (AWR (Authorised with Restrictions)) approved by the Financial Conduct… Read More

November 29, 2021 @ 9:30 am By JD Alois  |  

British Business Investments, has committed £7 million to Folk2Folk, a peer-to-peer lender with a unique approach for loan originations. British Business Investments is a commercial subsidiary of the British Business Bank, a UK government-backed entity. According to a note from Folk2Folk, British Business Investments aims… Read More

November 29, 2021 @ 9:16 am By JD Alois  |  

Paysend, a global payments Fintech, has selected former President Mastercard Europe, Javier Perez, to its Board of Directors. Paysend states that Perez will have an active role in its future business strategy, working closely with the company’s senior management team to drive further global expansion. Perez… Read More

November 29, 2021 @ 8:54 am By Omar Faridi  |  

The ability to establish and maintain trust with clients is the foundation of “every successful business,” according to UK-based Fintech Modulr. And, while customer trust might be one of the more “intangible” corporate assets, it’s one that can be “felt keenly on the bottom line,”… Read More

November 29, 2021 @ 8:48 am By Omar Faridi  |  

GIANT Protocol is pleased to make its public debut with the announcement that it is developing a Web 3.0 protocol to “decentralize and democratize access to the internet and financial services.” The tokenized bandwidth platform will “allow anyone with a mobile phone to access the… Read More

November 29, 2021 @ 7:53 am By Omar Faridi  |  

European P2P lender Bondora notes that November is “known to be the gloomiest month in Estonia.” However, as the days became darker, the Bondora team decided to “focus on the bright side.” Here are some of their recent highlights and milestone moments. Over €500 million… Read More

November 29, 2021 @ 7:50 am By Omar Faridi  |  

Cloud-native core banking solution provider, Thought Machine, has reportedly reached Unicorn status (valued at $1 billion+) following a $200 million Series C round that was joined by the investment divisions of some of its major banking clients, such as JPMorgan Chase, ING and Standard Chartered…. Read More

November 28, 2021 @ 11:53 pm By Omar Faridi  |  

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

November 28, 2021 @ 11:47 pm By JD Alois  |  

Lithuania has been working to position itself as a competitive Fintech center in Europe. In fact in April 2021, Lithuania Reserve bank Governor Vitas Vasiliauskas publicly stated that Fintech should compete with traditional financial services firms. A recent report issued by Fintech Hub LT shares that… Read More