Tagged: europe

March 25, 2021 @ 10:25 pm By Omar Faridi  |  

The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More

March 25, 2021 @ 9:28 pm By Omar Faridi  |  

The team at Optiver, a global tech-focused trading firm that’s dedicated to enhancing the market, says that they realize or are aware that achieving “true resilience” across European equity markets can be a large and “multifaceted” challenge which may not be properly addressed with “a… Read More

March 24, 2021 @ 8:11 am By Omar Faridi  |  

Lending platform RateSetter explains that a debt consolidation loan might be a good or suitable way to make managing your funds easier by “rolling your existing borrowing into one simple monthly payment.” RateSetter, which was once a leading P2P lender that has now sold its… Read More

March 23, 2021 @ 2:13 pm By Samantha Hurst  |  

  Hong Kong-based Crypto.com announced on Tuesday its virtual cards are now available in Europe. Crypto.com reported its app users may now apply for a Crypto.com Visa Card and once approved, make online purchases before their physical cards arrive. The card is issued by PayrNet Ltd… Read More

March 22, 2021 @ 7:34 am By Omar Faridi  |  

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

March 22, 2021 @ 7:31 am By Omar Faridi  |  

European peer to peer lending platform Bondora confirmed in a blog post on March 19, 2020, that its performance remained steady during the month of February 2021. While commenting on its annual performance, Bondora notes that the return rate remained steady at 17.4% for the… Read More

March 21, 2021 @ 8:30 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that the end of the tax year is now “fast approaching.” This may be a good time to “make the most” of your tax-free allowances on Individual Savings Accounts (ISAs), the Starling team writes in a blog post. Starling… Read More

March 20, 2021 @ 9:07 pm By Omar Faridi  |  

Capdesk, an equity management solution provider, has acquired £5 million in capital via a Series A extension that was led by Fidelity International Strategic Ventures and MiddleGame Ventures. Capdesk’s latest investment round has come after the firm secured £3 million in funding last year. That… Read More

March 20, 2021 @ 1:29 pm By Omar Faridi  |  

Property finance marketplace LendInvest has published a Case Study, which outlines the process of “stepping in with a £3.6m development exit loan following Covid delays.” You may also view LendInvest’s Development Exit products and complete range of short-term lending options by visiting the company’s intermediaries… Read More

March 18, 2021 @ 10:59 pm By Omar Faridi  |  

This World Consumer Rights Day, which took place on March 15, 2021, Fintech firm Wise (previous TransferWise) talked about what they consider to be IBAN “discrimination.” This World Consumer Rights Day, let’s talk about IBAN discrimination. IBAN discrimination is against the law – and has… Read More

March 18, 2021 @ 9:45 am By Omar Faridi  |  

Finland’s payment services provider Enfuce has secured €7 million in capital through a Series-B funding round. Enfuce has received €5 million in funding from Tencent. Another €2 million that was part of the investment round came from previous investor Maki. Prior investment has been supported… Read More

March 18, 2021 @ 9:39 am By JD Alois  |  

Raisin, an interesting Fintech that allows users to surf savings rates and pick the best to generate more income with their money, is distributing an Interest Rate Tracker for the European Market. Raising notes that according to the latest European Central Bank data the Eurozone’s… Read More

March 18, 2021 @ 8:22 am By Omar Faridi  |  

Asset-backed lending platform Ablrate has recorded its largest full financial year (FY) profits to date, even though there was a significant decline in turnover following the COVID-19 outbreak. As first reported by P2P Finance News, Ablrate’s owner, Aviation and Tech Capital, reveals that the P2P… Read More

March 17, 2021 @ 7:55 am By Omar Faridi  |  

UK-headquartered digital banking challenger Revolut says it will be suspending its business operations in Canada, a move that has come just 18 months after the Fintech launched a beta version of its services in the North American country. BetaKit, which keeps track of Canadian tech… Read More

March 16, 2021 @ 10:01 pm By Omar Faridi  |  

Assetz Capital, a peer-to-peer lender that originates secured loans, recently promoted Andrew Fraser to its UK Director for the North. The new appointment comes as the firm plans to focus on driving more lending to small businesses after exceeding the £1 billion mark in 2020…. Read More

March 16, 2021 @ 1:32 am By Omar Faridi  |  

Peer-to-peer lending marketplace Mintos reveals that on 1 March 2021, Mogo Latvia had issued bonds valued at €30 million, thus managing to successfully complete the largest bond issue in recent years by a private firm via the Nasdaq Riga Stock Exchange. On March 11, 2021,… Read More

March 15, 2021 @ 11:25 pm By Omar Faridi  |  

UK-based Diem, a startup that aims to combine traditional banking with a service that allows users to sell their unwanted items to the company, has secured $5.5 million in capital via a seed round that was led by Fasanara Capital. Diem provides a user account,… Read More

March 15, 2021 @ 10:45 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that McKinsey has found that around $800 billion to $2 trillion has been laundered annually via the international banking system. Banking Circle reveals that criminals keep using more sophisticated methods to launder funds, which may put the reputations… Read More

March 15, 2021 @ 8:36 am By Omar Faridi  |  

Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions. A report from Accenture reveals that only 10% of… Read More

March 15, 2021 @ 8:26 am By Omar Faridi  |  

Fintech firm Stripe, an Irish-American payment processing service, has secured $600 million (appr. €500 million) through a funding round. Stripe is now valued at around $95 billion (appr. €80 billion). Investors that took part in Stripe’s investment round include Allianz X, Axa, Baillie Gifford, Fidelity… Read More