French Crowdfunding Association Reflects on ECSPR, as Pan European Crowdfunding Moves Closer to Reality.| Crowdfund Insider: Global Fintech News, including...
The Series C extension, led by US investor Tiger Global, brings Spendesk’s valuation to more than €1bn. The investment will be used to grow Spendesk’s team to 700 people this year.
Visa (NYSE: V) today announced it has completed its acquisition of Tink – an open banking platform that enables financial institutions,...
Loot has launched version two of its app which provides for cash deposits and personal finance management; in its newest launch the app has accepted 25,000 new customers; the app helps customers track their spending and provides discounts from affiliated merchants; the version two launch of the app follows a $3.13 million funding round in November. Source
Monzo has added the first batch of partnerships to their marketplace by striking deals with digital wealth investment accounts and online lenders; companies include Scalable Capital, Wealthify, Wealthsimple, WiseAlpha, Zopa, Bricklane.com and Octopus Choice; Monzo will not be making a commission from any of these agreements; the company has also opened up an interim third-party API to comply with open banking regulations. Source.
The UK’s Financial Conduct Authority (FCA) has set up an asset management startup hub to help companies as they move between pre-authorization and authorization; the hub will help new entrants to better understand regulations, increase engagement and help to increase the quality of companies. Source.
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
Banking alternative Revolut is launching international medical and dental insurance for £1 a day; the company is using your phone’s location to automatically turn insurance on and off; there is a limit to the service if you are one to travel for months at a time but you can pay up front for the service annually; the company partners with Thomas Cook Money for their insurance product. Source.
Tink is an open banking platform enabling connections between banks and other institutions; the new financing comes after a €56...
The team at Fintech Monzo notes that you can now send funds abroad from your Monzo Business account.