Tagged: europe

February 23, 2021 @ 10:58 pm By Omar Faridi  |  

Digital banking platform Revolut confirms that it recently “simplified” online payments via the launch of Payment Links to Revolut Business clients. The Fintech Unicorn has made other updates so it’s even easier to accept virtual payments “straight away” with QR codes. For those not completely… Read More

February 23, 2021 @ 10:56 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, notes that December 2020 was the month that “concluded a great year” for the platform. During 2020, Debitum managed to reach several key milestones: more than 3 million EUR outstanding portfolio, more than 20 million EUR of… Read More

February 22, 2021 @ 11:45 pm By Omar Faridi  |  

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that the first month of this year was a “successful” one for the platform’s borrowers and investors. EstateGuru revealed that they’ve financed a total of €14 million worth of loans. The P2P lender also confirmed that… Read More

February 22, 2021 @ 11:33 pm By Omar Faridi  |  

Peer-to-peer lending marketplace Mintos reveals that women now help make up 15% of the total number of investors on their platform, with a 43% year-over-year (YoY) growth during 2020. Mintos noted in a blog post that in total, women on the platform have managed to… Read More

February 22, 2021 @ 7:38 am By Omar Faridi  |  

An article from Global Capital notes that more securitizations of United Kingdom government-backed SME loans are being carried out in private. Last month, Funding Circle had reportedly finalized a deal with Sixth Street and Barclays. Since the UK’s Coronavirus Business Interruption Loan Scheme (CBILS) was… Read More

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

Chris Macklin, Chief Risk Officer at Assetz Capital, a peer-to-peer lender that originates secured loans, has provided a loan book update. As noted in a blog post by Assetz Capital, Macklin explained how the platform managed the loan book during the COVID-19 pandemic and shared… Read More

February 21, 2021 @ 11:00 pm By Omar Faridi  |  

The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence. UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is… Read More

February 20, 2021 @ 7:48 pm By Omar Faridi  |  

European online lender October notes that in March 2020, the French State had announced a package of €300 billion in State-guaranteed loans (PGE) in order to support small and medium-sized enterprises during the COVID-19 pandemic. Following the amendment voted on in April 2020, lending marketplaces… Read More

February 20, 2021 @ 2:11 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer noted on February 19, 2021 that last year, they had informed everyone that they were planning to “aggressively” pursue claims against the Loan Originators that were in default. Grupeer confirmed that they had prepared “most of the necessary… Read More

February 20, 2021 @ 12:15 pm By Omar Faridi  |  

Zoe Adamovicz, CEO and Co-founder of Neufund, recently explained how a blockchain or distributed ledger tech (DLT)-powered fundraising platform actually works. Neufnd was established in 2016 and its main value proposition involves democratizing access to funding for  entrepreneurs and also to make it more convenient… Read More

February 19, 2021 @ 2:11 pm By Omar Faridi  |  

Nina Stoyanova, Deputy Governor and Head of the Banking Department of the Bulgarian National Bank, has noted that digital technologies have significantly changed the financial services provision business, and the payment sector is “the leader in this trend.” Stoyanova notes that the overall speed of… Read More

February 18, 2021 @ 11:45 pm By Omar Faridi  |  

Bondora, a European peer to peer lender, notes that if you’re new to their platform and haven’t had the chance to verify your identity yet, then you should know that your (true) identity is “vital” to the authentication process, as the information you provide helps… Read More

February 18, 2021 @ 8:10 am By Omar Faridi  |  

After disrupting the world of finance, particularly how cross-border transactions are settled, TransferWise Co-founder Taavet Hinrikus says he wants to develop solutions to combat the COVID-19 pandemic. Hinrikus confirmed that he’s launching a new startup called Certific, which will be focused on improving the overall… Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More

February 17, 2021 @ 8:16 am By Omar Faridi  |  

Billhop, a Swedish Fintech firm that makes invoices and bills payable by card payments, has acquired €4 million in capital through a Series A round from financial technology VC Element Ventures. Billhop’s services aim to address the issue of low card acceptance in supplier payments… Read More

February 16, 2021 @ 8:20 am By Omar Faridi  |  

iwoca, an established European small business lender, has announced its UK-first integration with leading SME platform Xero. Integrating iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will “for the first time provide small businesses with a Pay Later option for their business customers,” according… Read More

February 15, 2021 @ 9:45 pm By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that the COVID-19 outbreak has accelerated consumers’ adoption of digital platforms and services. Technically “timid” grandparents have also become a lot more comfortable with video conferencing in a post COVID world, the Adyen team writes in a blog post. People… Read More

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

February 15, 2021 @ 5:46 pm By Omar Faridi  |  

Amsterdam has reportedly managed to overtake London as the largest share trading center in Europe. Industry analysts have noted that the symbolic blow may be followed by London losing many more jobs and business opportunities due to Brexit. Amsterdam, which was once the sixth-largest European… Read More

February 15, 2021 @ 1:57 pm By Samantha Hurst  |  

    Cryptocurrency payments platform BitPay announced on Monday it has joined forces with Simplex to enable European users to buy crypto seamlessly with no credit or debit card fees from within the BitPay Wallet app. BitPay reported that the promotion allows users to quickly… Read More