Tagged: europe

July 30, 2021 @ 11:01 pm By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

July 30, 2021 @ 7:25 pm By Omar Faridi  |  

Addepar, a U.S.-based wealth manager with $2.5 trillion of assets on its platform, had secured $150 million in capital in June of this year. Addepar‘s management recently revealed that they’re planning to further expand business operations outside the US. The company confirmed that it’s hiring… Read More

July 30, 2021 @ 4:11 pm By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

July 30, 2021 @ 4:06 pm By Omar Faridi  |  

IuteCredit, a European personal finance firm, has shared its unaudited results for the first 6 months of 2021. As noted by the Mintos team, luteCredit has reported its operational, strategic, and financial highlights of its business, as well as comments from its Chief Executive. Operational… Read More

July 30, 2021 @ 7:56 am By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

July 29, 2021 @ 12:23 pm By Omar Faridi  |  

68% of wealth management customers in the post-COVID world are expecting a fully digital onboarding experience, according to an update from OneSpan, a company specializing in digital identity and anti-fraud solutions that “create exceptional and secure experiences.” OneSpan, which supports risk-based adaptive authentication and digital… Read More

July 29, 2021 @ 8:23 am By Omar Faridi  |  

Crowdcube, the European marketplace for shares in private firms, and Crunchbase, an established data platform, have partnered in order to power the “most comprehensive” and transparent platform for private company investment in Europe. Cubex, which officially goes live today (July 28, 2021), will feature “rich”… Read More

July 29, 2021 @ 8:05 am By Omar Faridi  |  

The team at digital bank Revolut notes that they are now closer to 2022 than 2020, so making plans for next year would be a good idea. They also mentioned that July was “generous,” bringing many new products with it, including those related to booking… Read More

July 28, 2021 @ 9:46 am By Omar Faridi  |  

SEBA Bank, a FINMA licensed Swiss Bank offering a seamless, secure, and easy-to-use bridge between digital and traditional assets, has confirmed the appointment of Sam Lin to the position of CEO Asia with “immediate effect.” This appointment “demonstrates SEBA Bank’s commitment to strengthening its status… Read More

July 28, 2021 @ 8:47 am By Omar Faridi  |  

Credit Suisse-backed SME lending Fintech Tradeplus24 has finalized an “oversubscribed” $25 million pre-series B equity raise, which was led by a European family office with an established track record of investing in “high-growth” startups like Klarna, Delivery Hero, and Lyft. Existing investors Credit Suisse, SIX… Read More

July 28, 2021 @ 8:06 am By Omar Faridi  |  

GoCardless, a global Fintech in account-to-account payments, has reportedly appointed Alexandra Chiaramonti as its GM of Southern Europe. Chiaramonti will be responsible for leading GoCardless‘ ongoing growth in the region by continuing to recruit new talent in order to strengthen the firm’s presence in its… Read More

July 27, 2021 @ 3:43 pm By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (July 26) that for the week ending July 26,… Read More

July 27, 2021 @ 11:55 am By Omar Faridi  |  

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

July 27, 2021 @ 10:06 am By Omar Faridi  |  

Solarisbank AG, which claims to be Europe’s leading Banking-as-a-Service (BaaS) platform, reveals that it has acquired EUR 190 million in an “oversubscribed” Series D round, valuing the firm at EUR 1.4 billion. The company’s investment round has been led by Decisive Capital Management, along with… Read More

July 27, 2021 @ 7:54 am By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, says it’s no secret that there’s been an “unprecedented construction material shortage this year,” in the United Kingdom and few would have “forecast the near-perfect storm that has swept through the sector.” The… Read More

July 27, 2021 @ 7:50 am By Omar Faridi  |  

UK-based digital bank Starling has confirmed the acquisition of specialist buy-to-let mortgage lender Fleet Mortgages as part of a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, focuses on offering mortgages to professional and semi-professional buy-to-let landlords, “only via mortgage adviser distribution… Read More

July 26, 2021 @ 3:20 pm By Omar Faridi  |  

Updated plans to put the United Kingdom at the front of the global innovation race have been shared by the Department of Business, Energy & Industrial Strategy, the UK Research and Innovation unit as well as other organizations and individuals. Released on July 22, 2021,… Read More

July 26, 2021 @ 10:22 am By Omar Faridi  |  

Digital bank Zopa will be working with JPMorgan which will serve as an advisor on a £100 million funding round. This, according to a report from Sky News, which noted that investors who have been approached regarding the investment round have been considering a £500… Read More

July 26, 2021 @ 8:12 am By Omar Faridi  |  

UK’s Starling Bank recently shared its trading update for the quarter to 30 June 2021 and its report and “accounts for the period ending 31 March 2021.” The results, released by Starling on July 22, 2021, demonstrate “strong and responsible growth, continued profitability and a… Read More

July 26, 2021 @ 8:10 am By Omar Faridi  |  

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More