Tagged: europe

August 7, 2022 @ 11:07 pm By Omar Faridi  |  

IDnow, a European identity proofing and digital identity provider, has arranged a new debt facility from funds and accounts managed by BlackRock that “provides up to €60 million in financing.” The debt facility will “enable IDnow to leverage its existing market-leading identity platform.” The company… Read More

August 7, 2022 @ 10:22 pm By Omar Faridi  |  

BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network. This reportedly includes England, Northern Ireland, Scotland, and Wales in the UK, and 34 nations across Europe, including France, Germany, Italy, Belgium, and Spain…. Read More

August 7, 2022 @ 6:22 pm By Omar Faridi  |  

One Inc, which claims to be the leading digital payments network for the insurance industry, announced Marc Liner has “joined the company as its first General Counsel.” Liner joins One Inc from Wells Fargo Bank, where he “supported treasury management services, payment systems, and commercial… Read More

August 6, 2022 @ 3:01 pm By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced a partnership with Demica, the trade finance Fintech firm, in order to streamline its reporting processes so it may support business customers across the globe. Under the terms of the partnership,… Read More

August 6, 2022 @ 8:59 am By Omar Faridi  |  

ING will be trialing a carbon footprint tracking app offered by Fintech firm Cogo with 350,000 mobile clients. The Footprint Insight feature is being made available to clients who currently use the bank’s Insight function, which groups their income and expenditure by spending category. Footprint… Read More

August 5, 2022 @ 8:47 am By Omar Faridi  |  

Wirex, a crypto and payments ecosystem, has expanded the Wirex Credit program to new regions and “developed additional features.” Their crypto-back credit lines “are now available to UK users and has added WXT as a token to be used as collateral.” Having launched last month… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More

August 3, 2022 @ 11:45 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, has reportedly funded a £4 million residential scheme located in Cambridge, which is focused on developing nine apartments that cover an area of 5,457 sq. ft. As reported by Mortgage Introducer, Blend Network’s management noted that the… Read More

August 2, 2022 @ 11:32 pm By Omar Faridi  |  

Penfold, the digital pension “disrupting” the broken £8 trillion UK pension industry, has raised 194% (£1,945,413) of its £1,000,000 target (at the time of writing) from 942 investors through its crowdfunding campaign carried out via Crowdcube (with just 1 day left in the sale). Backed… Read More

August 2, 2022 @ 8:38 am By Omar Faridi  |  

OneID, the UK-headquartered identity tech firm that makes it simpler for consumers to prove who they are online or in an all-digital environment, recently announced that it has teamed up with DocuSign in order to offer government-certified ID verification to the firm’s electronic signature solution,… Read More

August 1, 2022 @ 11:47 pm By Omar Faridi  |  

Goparity, an impact finance app empowering citizens and companies “to use their money for good,” has secured 125% (€1,521,419) of its €1,200,000 target from 692 investors at the time of writing via Crowdcube with 16 days left in the firm’s crowdfunding campaign. Goparity reports a… Read More

August 1, 2022 @ 10:47 pm By Omar Faridi  |  

After stabilizing in May 2022, investment figures declined “from €15,458,394 to €12,913,190 in June 2022” on the Bondora platform. And with loan originations, there was “an overall decline of 17.3%.” This was expected, as there “have been slowdowns in origination and investment activity during the… Read More

August 1, 2022 @ 9:52 pm By Omar Faridi  |  

Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt… Read More

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

August 1, 2022 @ 9:00 am By Omar Faridi  |  

The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash. The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in… Read More

July 31, 2022 @ 11:49 pm By Omar Faridi  |  

Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More

July 31, 2022 @ 10:27 pm By Omar Faridi  |  

ID Finance Spain has published its results for the first half of 2022. The firm has provided the following operational and financial information: Net profit up 25% YOY, to €5m Revenue up 57% YOY, mainly due to the positive performance of MoneyMan’s lending activity in… Read More

July 31, 2022 @ 9:48 pm By Omar Faridi  |  

The Molo Finance team are pleased to announce their strategic partnership with ColCap Financial, which claims to be a leading Australian mortgage lender (that is joining forces with Molo in order to expand into the United Kingdom). The partnership “includes a broader strategic alliance between… Read More

July 31, 2022 @ 9:17 pm By Omar Faridi  |  

Ageras Group—whose suite of financial and accounting software powers more than one million small businesses across Europe and North America—announced that it has acquired Kontist, a Berlin-based neo-bank “focused on the complex accounting and banking needs of Germany’s growing populations of microbusinesses and self-employed workers.”… Read More

July 31, 2022 @ 9:17 pm By Omar Faridi  |  

Recently, Jorn van Duijnhoven was asked to take on the role of Head of Customer Success at European online lender at October. Jorn van Duijnhoven has been appointed “due to changes” within October’s organization. He stated: “I have to say that I didn’t see it… Read More