Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector.
iZettle’s IPO, which they are set to announce next week would be the largest fintech IPO to date in Europe;...
Revolut has announced a new partnership with Lending Works that will allow the mobile banking app to offer P2P loans; through the partnership, the app's mobile users can submit loan applications and receive funding; loans will be available for 500 British pounds ($608) to 5,000 British pounds ($6,079) with APRs of approximately 9.9% and Lending Works will use customer data from Revolut in loan underwriting approvals; the partnership is expected to bring a significant amount of new business for Lending Works which was launched in 2014 and has lent a total of 50 million British pounds ($61 million) to consumers. Source
Wording that would have banned proof-of-work cryptos like bitcoin has been removed.
Cumulative lending for the Association's members is now GBP8.5 billion; the Association's nine platforms originated GBP1.004 billion ($1.29 billion) in the first quarter with originations led by Funding Circle with GBP328.1 million ($421.6 million); business lending originations totaled GBP636.2 million ($817.5 million) and reported an increase of 17% from the previous quarter and 43% from the first quarter of 2016; overall, Zopa leads cumulative originations with GBP2.17 billion ($2.79 billion) and Funding Circle is following at a close second with GBP2.16 billion ($2.78 billion). Source
As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.
RateSetter has hired Michael Hoare from PayPal as its new head of risk analytics and retail credit; Hoare was previously the chief credit risk officer at PayPal UK and also has experience at Capital One; Hoare and the risk management team will report to RateSetter's risk committee chairman as the company continues to build its risk team following the departure of Chief Risk Officer Cyrille Sallé de Chou who left RateSetter after six months for a chief risk officer role within HSBC's European retail business. Source
Credit platform MarketFinance has secured debt financing from Deutsche Bank to partly fund £100m of loans to SMBs in the UK.
In just one year after launch RateSetter has brought in £175 million through their first ISA product; the cash invested...
Christoph Rieche, CEO and Co-Founder of Iwoca sent an open lender to Chancellor Philip Hammond stating that the government’s bank...