In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users...
Revolut, Robinhood and others have seen a great deal of growth in the last couple of years as consumers have...
Capital on Tap, a UK-based Fintech, has received a £450 million funding facility provided by Atalaya Capital Management, BNP Paribas, and HSBC. Capital on Tap is a finance provider for UK and US-based SMEs. Since 2012, Capital on Tap has provided over £3.5 billion of
Privacy is a running concern with potential users of a retail CBDC. BIS have announced the launch of a project to resolve them.
The challenger bank will be a standalone digital bank aimed to compete against Monzo and Revolut; according to Sky News, the project is so confidential that very few people are familiar with the project internally; sources state that Mark Bailie, the bank’s former COO is leading the new venture with tens of millions of pounds of backing for the new platform. Source
P2P-banking.com has released its monthly report on marketplace lending originations; top lenders for the month included Funding Circle with EUR 142.3 million ($151.56 million), Zopa with EUR 101.6 million ($108.21 million) and RateSetter with EUR 65.4 million ($69.66 million); during the month both Mintos and Moneything reached new origination milestones since inception; the report does not include data from US lenders. Source
FinTech Futures speaks with Zirtue co-founder and CEO Dennis Cail about boosting financial inclusion and simplifying relationship-based loans.
Auxmoney is an online lending platform based in Germany; the platform grew origination volumes by 75% in the year to €316 million across 40,000 loans; the company now has lent around €700 million across 100,000 loans to date; last year auxmoney announced a partnership with digital bank N26 to expand their borrower base; auxmoney was profitable for the first time in the second half of 2017 which sets them apart from many platforms. Source
Plum has successfully raised a total of $24 million from a Series A funding round that will help propel the company’s expansion into Europe
Politicians in Lithuania are expressing concern about the expertise at their country’s central bank after Revolut secured their banking license...