P2P ratings and research firm 4thWay has released a list of the UK's top P2P lenders by loan originations; Zopa, FundingCircle and RateSetter lead the market with originations nearing 2 billion British pounds ($2.46 billion); UK property lender Wellesley, which has reportedly been struggling for capital, tops the list with 366.5 million British pounds ($451.48 million) in loan originations. Source
LMAX Digital, an institutional spot cryptocurrency exchange and part of UK-headquartered LMAX Group, hit its peak volume so far in 2022 on Thursday.
The two companies are both based in Berlin and will collaborate on SME loan financing; solarisBank has initially provided an eight digit investment for financing loans on the Lendico peer-to-peer lending platform; Lendico launched in 2014 and has total lending volume of over EUR100 million. Source
The Blockchain Insurance Industry Initiative B3i announces that 23 new entrants are joining its Market Testing program; The new entrants are: AIA, AIG, Aon, Chubb, Covéa, Everest Re, Gen Re, Guy Carpenter & Marsh, JLT Re and more; the new companies will join the existing group in testing the prototype platform. Source.
On March 30, banking investor Cross River announced a funding round of $620 million, co-led by Andressen Horowitz and Eldridge Capital.
N26 said they are furloughing 10 percent of their staff, cutting back on advertising spending and reconsidering their planned launch...
Buy now, pay later provider Affirm has seen its active merchant and consumer counts skyrocket in recent months after expanding its partnership with Shopify.
Their website mentions names such as 'digital sterling' or 'Britcoin' and emphasizes the difference between CBCDs and cryptocurrencies.
UK marketplace lender, Funding Circle, has reported a record month for loan originations in October; the platform originated £95 million worth of loans in October, reporting its highest ever monthly origination volume; the firm's previous loan origination volume record was set in September with £75.2 million in loans; the small business lender now has total loan originations of £1.62 billion. Source
There is increased focus on UX Design but few understand its importance. Going beyond visual design, for many fintechs, UX can spell success or failure. We took a dive into UX with Design Accelerator's Federico Spiezia, understanding the value it brings to a business and how it can be measured.