Tagged: europe

February 18, 2022 @ 2:37 am By Omar Faridi  |  

The peer-to-peer market is expected to grow by around 20% this year, according to a report from Croatian lender Robo.cash. Robocash analysts noted that the optimistic scenario for 2022 is being supported by the general development trend from last year. Industry experts are also betting… Read More

February 17, 2022 @ 8:52 am By Omar Faridi  |  

After making numerous unsuccessful attempts in the US to get a Bitcoin ETF that tracks BTC spot price, Fidelity, one of the world’s largest asset managers, has now introduced such products in Canada and European markets. On Tuesday (February 15, 2022), Fidelity introduced a European… Read More

February 17, 2022 @ 8:49 am By Omar Faridi  |  

European lender Bondora reveals that 2022 is off to a solid start, as the annual return rate for 2021 outperforms the target rate by 5.5%. The quarterly performance has also improved from December 2021, with all four quarters of 2021 “performing above their target rates.”… Read More

February 17, 2022 @ 8:46 am By Omar Faridi  |  

The year has kicked off on a strong note in the United Kingdom’s housing market and the price of an average home continued to reach all-time highs, according to an update published by Blend Network, a specialist development finance lender. The Nationwide House Price Index… Read More

February 17, 2022 @ 8:39 am By Omar Faridi  |  

Following its £100 million fundraise from Alchemy Partners last year, DNA Payments marks its 7th acquisition with the purchase of First Payment Merchant Services (FPMS), a payment solutions provider operating out of Surrey, UK. During the last 10 years, FPMS has become a key player… Read More

February 16, 2022 @ 2:59 pm By Omar Faridi  |  

Softline (LSE: SFTL), the IT and digital transformation service provider, in line or consistent with its growth strategy, has announced that it entered an agreement to become the majority shareholder in SoftClub (SCGroup Investments Limited), which is a specialist in the financial technology sector, and… Read More

February 16, 2022 @ 12:46 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital for recurring-revenue firms, announced that it will open a new European HQ in London. The news follows a considerable surge in demand for Capchase’s services with over $200 million already being made available to UK-based startups. In an update… Read More

February 16, 2022 @ 10:22 am By JD Alois  |  

Invesdor, a top European securities crowdfunding platform based in Finland, merged with Germany-based Kapilendo in 2021. Today, Invesdor has announced the two platforms are combining to create a single website to “make cross-border investing easy and affordable.” In 2019, Invesdor merged operations with debt-based platform… Read More

February 16, 2022 @ 8:31 am By Omar Faridi  |  

The team at European lender Mintos has shared updates about the latest actions taken in the case of GetBucks Botswana, GetBucks Zambia, and their guarantor – Luxembourg-headquartered firm MyBucks SA. GetBucks Botswana (Cashcorp Proprietary Limited, Firstcred Limited, TU Employee Benefits Proprietary Limited) and GetBucks Zambia… Read More

February 16, 2022 @ 4:17 am By Omar Faridi  |  

Plum, Europe’s money management app, has appointed Phu Ly to serve as Product VP, as the business gets ready for a year of steady growth following a recent $24 million Series A round. Ly has been responsible for leading product teams at high growth, digital-first… Read More

February 16, 2022 @ 3:39 am By Omar Faridi  |  

Brad Goodall, CEO and Founder at Banked, notes that it’s a big day for the company – with the announcement of their Series A and their partnership with Bank of America. Goodall also mentioned that the entire team at Banked have worked really hard to… Read More

February 15, 2022 @ 5:08 pm By Omar Faridi  |  

BBVA (NYSE: BBVA) has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.” Neon claims 15 million registered accounts…. Read More

February 15, 2022 @ 8:35 am By Omar Faridi  |  

Intesa Sanpaolo, which is Italy’s largest bank by total assets and one of Europe’s most profitable and sustainable financial institutions, has chosen Thought Machine, the United Kingdom-based core banking tech firm, to support its digital banking platform. In conjunction with this partnership, Intesa Sanpaolo has… Read More

February 15, 2022 @ 3:08 am By Omar Faridi  |  

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

February 14, 2022 @ 8:15 am By Omar Faridi  |  

Vitesse PSP, the payment, liquidity and treasury management platform, recently announced that it has secured $26 million in Series B funding led by Prime Ventures. The Series B investment round also includes contributions from Octopus Ventures, which led the 2020 Series A round and are… Read More

February 14, 2022 @ 2:16 am By Omar Faridi  |  

Global Wealth Group, which aims to make global property investing available to anyone, anywhere, from any amount, safer & simple, has raised 101% (£759,030) of its £750,000 target at the time of writing from 229 investors with 24 days left in the firm’s crowdfunding campaign carried… Read More

February 14, 2022 @ 1:48 am By Omar Faridi  |  

PeerBerry business partner – real estate developer SIB Group – has successfully finalized the apartment building project “Skvero namai” in the center of Vilnius, the capital of Lithuania. The real estate loan of €1 million (the total amount with interest rate €1,068 803) was repaid… Read More

February 14, 2022 @ 12:14 am By Omar Faridi  |  

Peer-to-peer lending provides investors and borrowers various advantages over more traditional forms of finance. However, there’s a potential downside as well. EstateGuru has taken a detailed look at the pros and cons of this form of funding, and the ways in which their platform aims… Read More

February 13, 2022 @ 3:02 pm By Omar Faridi  |  

At specialist development finance lender, Blend Network, the team prides itself on being by their client’s side, assisting them with borrowing funds for their initiatives. Even at the heights of the COVID-19 crisis, the team reports that they continued lending and deploying capital into projects… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More