Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More
Read more in: Fintech, Global | Tagged allica bank, banking, richard davies, uk, united kingdom
The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More
Read more in: Fintech, General News, Politics, Legal & Regulation | Tagged baltic region, bank of lithuania, EU, european union, linas linkevicius, lithuania, marius jurgilas, Nordic Banks, richard davies, tadas vizgirda, uk, united kingdom
According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged hsbc, ian stuart, kevin caley, marketplace, p2p, richard davies, thincats, uk, united kingdom
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