Tagged: europe

April 18, 2023 @ 10:06 pm By Omar Faridi  |  

Debitum reveals that their Estonia-based partner – non-bank financing company Evergreen Capital which issues business loans to Estonian SMEs from the manufacturing and services sectors has “released a new ABS program with 26 underlying assets.” According to a blog post published by Debitum, the ABS… Read More

April 18, 2023 @ 11:06 am By Omar Faridi  |  

Challenger credit card Fintech Yonder announces a raise of $15.5 million (£12.5 million) in equity and $62 million (£50 million) in debt following its Series A funding round. The investment round was “co-led by Northzone and RTP Global alongside angel investors Joseph Moore, founder of… Read More

April 17, 2023 @ 9:24 pm By Omar Faridi  |  

The Payments Association, which celebrates innovation and collaboration across the payments industry, has released a new whitepaper examining the current arrangements for sharing data to prevent economic crime in the UK, “citing collaboration between regulated entities and between public and private sector is key to… Read More

April 17, 2023 @ 8:34 am By Omar Faridi  |  

A report published by the UK’s small business lending platform, Funding Circle (LSE: FCH), in partnership with insights consultancy Savanta, looks at “how resilience for small businesses and the impact of staff wellbeing is more important now than ever before.” Small businesses have “been hard… Read More

April 17, 2023 @ 8:32 am By Omar Faridi  |  

Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France, which will enable the company “to send payments worldwide on behalf of its French or EU customers and partners.”… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

April 16, 2023 @ 11:39 pm By Omar Faridi  |  

LondonLink, which claims to be an established Crypto brokerage focused on curating risk-adjusted returns for “smart-money,” has so far raised 92% (£324,390) of its £350,000 target from 96 investors, with 25 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in London,… Read More

April 16, 2023 @ 11:07 pm By Omar Faridi  |  

Assetz Capital, which claims to be one of the UK’s leading alternative finance providers, has announced that it has “funded a loan of £2.83 million for a new residential development in the affluent area of Purley, south London.” The loan has been “granted to a… Read More

April 16, 2023 @ 10:27 pm By Omar Faridi  |  

The team at LendInvest plc (AIM: LINV) recently shared its FY 2023 Trading Update. LendInvest, which claims to be one of the UK’s leading platforms for mortgages, announces its trading update “for the year ended 31 March 2023, ahead of its full year results announcement… Read More

April 16, 2023 @ 10:21 pm By Omar Faridi  |  

Gretel, a Fintech on a mission to reconnect the public with £50bn in “lost savings” and investments, has raised 69% (£454,219.58) of its £650,000 fundraising target (at the time of writing) from 113 investors via it crowdfunding campaign, carried out via Crowdcube. Gretel reports a… Read More

April 16, 2023 @ 3:39 pm By Omar Faridi  |  

The mobile bank N26 recently announced the appointment of Jan Stechele as Managing Director and Chief Risk Officer of N26 AG and N26 Bank AG. In his new role, Jan Stechele will “oversee N26’s governance, compliance and risk functions in the interim and will take… Read More

April 14, 2023 @ 9:53 am By Omar Faridi  |  

The National Trust and Starling Bank have launched a three-year partnership aimed at ensuring more people “have access to nature, both now and in the future.” Through the partnership, it is “estimated that over 1 million people will be able to benefit from improved access… Read More

April 13, 2023 @ 7:40 am By Omar Faridi  |  

October explains that embedded lending is a relatively new concept in the financial technology (fintech) sector that has been “disrupting” the industry in recent times. Ravis de vous partager aujourd’hui quelques unes de nos références partenaires utilisant déjà notre offre embedded ! Ce qui leur… Read More

April 12, 2023 @ 10:34 pm By Omar Faridi  |  

Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology data and services, announced today the expansion of its services capabilities and offerings in the Asia-Pacific (APAC) region. Linedata has extended its APAC offerings “to include new industry segments namely private equity,… Read More

April 10, 2023 @ 11:57 pm By Omar Faridi  |  

This past week from 6 April, the full amount of the weekly State Pension in the UK will reportedly “increase by 10.1%, the highest ever rise, for 12.5 million recipients of the State Pension.” Taking effect for payments starting next Monday 10 April, the amount… Read More

April 10, 2023 @ 11:27 pm By Omar Faridi  |  

Vechain’s mission is building robust foundational blockchain infrastructure and driving Web3 adoption throughout the global economy. According to a blog post, achieving this “demands a resilient network with reliable accessibility for developers and enterprises building decentralized solutions.” The team says it is pleased to share… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 9, 2023 @ 11:57 pm By Omar Faridi  |  

In March, the total investments on Mintos saw “a surge of €90.7 million worth of Notes funded, with interest earned by investors amounting to €4.3 million.” This was largely “driven by a decrease in pending payments.” The average interest rate for March “was 12.6%, resulting… Read More

April 9, 2023 @ 11:47 pm By Omar Faridi  |  

The team at Bondora says that they truly believe in working hard and “celebrating hard.” Each update, no matter how small, should be acknowledged, the Bondora team added. And there were some significant milestones to celebrate in Q1 of 2023, the firm reveals. Bondora celebrated… Read More

April 9, 2023 @ 11:28 pm By Omar Faridi  |  

Loop is designed to enhance the UK’s informal money sharing market and “offers consumers a genuine alternative to the UK’s £10bn overdraft market.” As noted in a blog post, Tandem Bank is strengthening its strategy “to build the UK’s greener, digital bank with the acquisition… Read More