The Influencer Marketing Factory estimated the creator market to be valued at $104.2 billion, with 61.9% of creators working full time. ...
UK-based personal finance management app Money Dashboard raises $1.7 million in an equity crowdfunding round; the company used crowdfunding platform Crowdcube and the 1,708 investors together acquired a 9.55% equity stake; they use bank statements to organize spending data, give insight on budgeting and help to build a financial forecast. Source
The business lending P2P platform will offer innovative finance individual savings accounts (IFISA) with three year fixed rate terms on A+ rated secured residential property loans targeting returns of 7%; the IFISA announcement follows the firm's February authorization from the UK's Financial Conduct Authority; the firm will offer the eighth UK IFISA and according to HMRC 30 firms have now received authorization for IFISAs. Source
The European robo adviser has gained 10,000 customers and reported GBP260 million ($339.25 million) in assets under management; customers include Italian and UK consumers; source provides other data from the company's earnings results reporting a loss of GBP6.3 million ($8.22 million) from revenue of GBP167,628 ($218,721) for 2016; company says it is forecasting profitability by 2019; currently partnering with Allianz and another firm in Italy on two new servicing deals; also focused on launching a pension product this year. Source
MoneyThing has announced its authorization from the UK Financial Conduct Authority; says it will no longer be pre-funding loans and revising its terms for new lenders; plans to seek HMRC approval for innovative finance individual savings accounts. Source
Embedded finance automation platform Monite has raised $5 million in a round led by Point72 Ventures and joined by a host of high-profile angel investors.
Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up...
UK digital banks Monzo and Starling Bank announced payments integrations; Monzo plans to integrate Android Pay into the user interface for current account users; Starling Bank says it will be the first bank to partner with Fitbit Pay; while this is the first partnership of its kind for Monzo, Starling Bank integrated with Android pay a few months ago. Source.
Last night in London the banking community in the UK came together for the annual British Bank Awards; Starling Bank...
Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few...