Tagged: finance

Shawbrook Bank Acquires RateSetter’s Property Finance Portfolio

RateSetter, a leading UK based peer to peer lender, announced on Wednesday it has sold its £120m portfolio of property development loans to Shawbrook Bank. According to RateSetter, the acquisition follows the announcement in August that the lending platform was focusing on consumer finance. The… Read More

Fintech Masters Course, including Machine Learning, Offered by Smith School of Business at Queen’s University for Digital Transformation Specialists

The Smith School of Business at Queen’s University has introduced Canada‘s very first Fintech Masters course. According to the Smith School of Business, the course has been designed mainly for financial or tech professionals who are already working in the industry. The first Master of… Read More

Marqeta Milestones: Issues 140 Millionth Card & Doubles Revenue For The Fourth Straight Year

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it is set to issue its 140 millionth card in 2019, ending a calendar year filled with major growth milestones as its open API payments issuing and… Read More

Update: Money Dashboard Secures More Than £2.4 Million Just Days After Launching Latest Crowdcube Round

Less than a week after securing its initial £1.5 million funding target in under an hour through its latest Crowdcube round, Money Dashboard is now nearing £2.5 million thanks to more than 1700 investors. As previously reported, Money Dashboard’s app empowers over 100,000 users to… Read More

Money Dashboard Returns to Crowdcube & Quickly Secures More than £2.2 Million in Funding

Less than two years after securing more than £1.3 million through its previous Crowdcube round, Money Dashboard was returned to the equity crowdfunding platform and has surpassed more than £2.1 million in funding. The funding round was launched, originally seeking £1.5 million, and has so… Read More

Flexible Wage App Wagestream Hits £40 Million Milestone Following Latest Investment Raise

Flexible wage app, Wagestream, announced on Monday it has hit its £40 million milestone following its latest investment round, which raised £15 million and was co-led by early-stage venture capital specialists Balderton and Northzone. Founded in 2018, Wagestream allows employees to have the power to… Read More

Temenos Teams Up with MuleSoft to Accelerate Open Banking

Temenos (SIX: TEMN), a software specialist for banking and finance, announces a strategic partnership with MuleSoft, a provider of the platform for building application networks. According to Temenos, by creating a channel for banks to capitalize on the modern technology in Temenos’ Core Banking platform, MuleSoft enables banks to… Read More

Money Dashboard Completes Crowdcube Funding Round After Securing Over £1.3 Million From More Than 1700 Investors

Over the weekend, UK-based personal finance management app Money Dashboard completed its equity crowdfunding round on Crowdcube. The company secured well over its initial £1 million funding target (£1.3 million) thanks to over 1700 investors. Money Dashboard’s app notably empowers more than 100,000 users to make better… Read More

Update: Money Dashboard Surpasses £1.1 Million During the Final Days on Crowdcube

With its equity crowdfunding campaign set to close on Crowdcube this weekend, Money Dashboard will finish the funding round with more than £1.1 million thanks to nearly 1500 investors. As previously reported, Money Dashboard’s app notably empowers more than 100,000 users to make better financial decisions and… Read More

Overfunding: Money Dashboard Surpasses £1 Million During the Final Week on Crowdcube

With its equity crowdfunding campaign set to close on Crowdcube later this week, Money Dashboard, a UK-based firm that has created a personal finance management app, has successfully secured its initial £1 million funding target from more than 1300 investors. Money Dashboard’s app notably empowers more than 100,000… Read More

Update: Money Dashboard Attracts 1,000 Investors to Crowdcube Campaign (Infographic)

Money Dashboard, a UK-based firm that has created a personal finance management app, announced on Monday it has attracted 1,000 investors through its equity crowdfunding campaign on Crowdcube. The company launched the initiative earlier this month, seeking £1 million. As previously reported, the app notably… Read More

UK Personal Finance Management App Money Dashboard Seeks £1 Million Through Crowdcube Funding Round

Money Dashboard, a UK-based firm that has created a personal finance management app, recently launched its equity crowdfunding campaign on Crowdcube seeking £1 million. The company is reportedly backed by Calculus Capital, the Best EIS Fund Manager three years running and recently won the 2017 British Bank… Read More

Fintech Firm Alfa Financial Raises $1.2 Billion in IPO, UK’s Largest of 2017

On Friday of last week, London-based fintech firm Alfa Financial Software’s shares began being publically traded on the London Stock Exchange. Shares opened at 325 pence, giving the company an initial valuation of about 975 million pounds or US $1.2 billion, making it the UK’s… Read More

CEO & Co-Founder of Propel(x) Named Winner of World Technology Award in Finance Category

Online angel investment platform Propel(x) announced on Tuesday CEO and co-founder, Swati Chaturvedi, was presented the 2016 World Technology Award (WTN) in the “Finance” category. According to Propel(x), the 2016 World Technology Awards winners were some of the most influential and impactful innovators in science… Read More

Brief: Yirendai Now Faciliates Loan Products with Asset-Backed Security Structure

Yirendai Ltd. (NYSE: YRD),  an online consumer finance marketplace in China, announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with asset-backed security (“ABS”) structure. Yirendai reported that as part of its strategy to diversify and expand… Read More

Brief: Spotcap, German Fintech Startup, Locks In €31.5M To Support Its Online SMB Lending Platform

German online lending platform Spotcap has successfully closed its third financing round, according to the company’s recent press release. The Berlin-based financial technology company raised EUR 31.5 million in new funding led by international private equity firm, Finstar Financial Group, with participation from previous investor Holtzbrinck Ventures…. Read More

Suspended: Registration Of Internet Finances In Several Chinese Cities

In Shanghai and Shenzhen, administrations for industry and commerce have suspended the registration of Internet finance platforms, according to the Beijing Business Today in ECNS.cn. The publication also notes that in Beijing, the Administration for Industry and Commerce also released a similar statement. However, this has not… Read More

Brief: AFME Releases First Pan-EU Guide On Raising Finance For Europe’s SMEs; SMEs Struggle To Navigate Europe’s Funding Landscape

European small and medium-sized enterprises (SMEs) have access to nearly twice the amount of funding as their U.S. counterparts, yet bank loans remain the most common form of SME finance in Europe, according to a recent press release. This leaves huge scope for small businesses… Read More

The Rise Of P2P Lending Companies Will Complement Conventional Banking: Soul Htite, CEO of Dianrong.com

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

Crowdfunding Platform MonetaFlex Launches Crowdcube Campaign to Raise £100,000 For Expansion

Last week, London’s MonetaFlex launched a Crowdcube campaign with a mission to raise £100,000 for its own crowdfunding platform. MonetaFlex describes the website as a place where companies can raise finance by selling their unpaid invoices and boasts an online, collaborative early payment solution. The company shared: “We are MonetaFlex… Read More

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