Lending startup Bloom Group has secured £300m in funding round led by Credo Capital Partners and funds managed by Fortress Investment Group.
In an interview with AltFi, Mambu CEO Eugene Danilkis explained he thinks the UK is the fintech hub of Europe; the digital banking platform sees this as the case partly because the UK government has done a great deal on bring more competition into the banking system; with the government support you have seen dozens of banking applications submitted and new entrants like Starling Bank, Atom and OakNorth have success; Mambu provides software to incumbents and startups, telling AltFi, “Incumbents will have to think like fintechs in order to develop channels of servicing clients quickly, seamlessly and creatively.” Source.
Niels Turfboer of Spotcap provides insight on UK disclosure standards for online lenders, a topic he will be discussing at the AltFi Europe Summit; Niels Turfboer presents the importance of framing the disclosure standards debate and evaluates some of the approaches being used in the industry; notes the disclosure of the UK's big four lenders and the SMART Box introduced by the US Innovative Lending Platform Association; also mentions the involvement of third parties in the disclosure process. Source
The world’s third-biggest economy wants the Markets in Crypto Assets Regulation to protect investors and set up strict standards for stablecoin issuers.
Helios, raised $9.4 million in a recent seed round, news that has encouraged the industry to think about broader ESG issues.
All thanks to partnerships with Revolut, Chip and Hargreaves Lansdown.
The European Central Bank will likely to opt for a centralized solution for its new digital euro, raising questions about state snooping.
Younited Credit is a marketplace lending platform that operates in France, Italy and Spain; the round included the French public investment bank Bpifrance among several other investors; total funding is now €103 mn for the company; François Fournier, chief innovation executive of Bpifrance stated, "We were attracted by Younited Credit’s team and by its unique positioning built in Europe. Its innovative digital platform model, great product agility thanks to big data, as well as its solid regulatory strategy, inspire confidence and sustainability." Source
Mosdex, a Finland-based cryptocurrency arbitrage startup founded this year, has raised $20 million in Series A to establish its presence in Europe.
UK based online real estate lender LendInvest has securitized $328mn of UK prime Buy-to-Let mortgage loans; Christian Faes, Co-Founder and...