Revolut has closed their Series C round which values the company at $1.7 billion; DST Global led the round which...
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A new report estimates that around 22% of fintech jobs in the UK are under immediate or moderate risk; however...
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One Zero has secured regulatory approval for a full banking licence from the Bank of Israel, the first bank to be set up in 43 years.
Thought Machine is a fintech company that builds cloud-native technology to revolutionise core banking.
The Royal Bank of Scotland is closing 158 branches in the UK in an effort to reduce costs; it has continued to struggle since the financial crisis reporting nine consecutive years of losses; the firm has been increasingly integrating automation to cut costs and says it will make a decision on its robo advisory service for mortgage lending by the third quarter; the robo advisory service offers customers advice and insight that helps them decide on a mortgage loan product, also giving them an option to connect with a human advisor at any time during the process. Source
Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have...
The LIM Asia Special Situations Master Fund has increased its ownership in the Ranger Direct Lending Fund to 9.2% from 5.48% reported in July; the Ranger Direct Lending Fund is primarily focused on high yield direct lending platforms; it has recently been troubled by its exposure to losses from marketplace lending platform Argon Credit which it invested in indirectly through the Princeton Alternatives Fund. Source
The firm recently launched in Ireland with a peer-to-peer platform lending model that integrates a borrower's social network in the lending process; it has received Financial Conduct Authority approval and says the additional funds will help it to launch in the UK; the firm is seeking GBP2 million ($2.60 million) in equity funding and will also potentially add more debt funding; Oli Cavanagh, founder of Flender, says he expects most of the funding to come from institutional investors. Source