OnFido was founded by three Oxford grads who are all under 30; Microsoft’s venture capital arm participated in the Series C round; other participants included Crane Venture Partners, Salesforce Ventures and other existing investors; in total the company has raised over $60 million for their product that uses machine learning to verify identity. Source
European fintech companies and politicians expect there will be a push for increased regulation of fintech companies in response to...
Deserve wins a new $250m credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management, to expand its credit card platform.
While leaving wide open the question of “what happens as we head into the summer and fourth quarter of 2020,”...
The ECB has published a report stating that most banks it supervises are not aligned with its climate-related and environmental (C&E) risk management goals.
Crowdlending platform Lend raised CHF3.5 million ($3.47 million) from Polytech Ecosystem Ventures and other angel investors; the round will help the platform to continue building out their brand, upgrading their automation and increasing their marketing spend for Switzerland; Lend launched in January of 2016 and has thus far funded 300 loans; in addition to the funding Lend was also able to secure two new team members, Dr. Stefan Jaecklin, former head of Oliver Wyman Switzerland, and Dr. Luzius Anderegg, senior software developer at software company Ergon Informatik. Source
UK based Pia, personal investment assistant, is testing their new aggregator platform to help people find the best digital wealth advisor; “We spent time speaking to people who said we need to launch a product that’s far more accessible, interesting and engaging for somebody that doesn’t have a lot of investing experience and don’t know where to start,” said co-founder James Mackonochie to TearSheet; the difference between Pia and a typical aggregator site is they will use an AI powered chatbot to customize the user experience. Source.
CEO Brad Paterson Of Fintech Upstart Splitit On The Future Of E-commerce, Payments, Fintech, And BNPL (By Now, Pay Later)...
A Quartz article shares how companies like Revolut, Robinhood and others have been able to attract new customers with the...
French Crowdfunding Association Reflects on ECSPR, as Pan European Crowdfunding Moves Closer to Reality.| Crowdfund Insider: Global Fintech News, including...