iProov, the world leader in online biometric face authentication, today announced a $70 million growth investment from Sumeru Equity Partners
As Facebook moves to rebrand as Meta, the tech giant is rumored to have talks of physical retail stores to showcase virtual reality headsets and other merchandise.
Leading European buy now pay later platform Klarna is the latest company to add a savings account to their offering;...
Uber has announced it will partner with Moneyfarm to provide financial advice services for its employees in the UK; Moneyfarm and Uber will offer the robo advice to approximately 40,000 UK drivers; speculators believe the UK market will see more robo advisory partnerships as the services have yet to gain significant market traction in comparison to other countries. Source
UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round...
Fintech Raisin has raised an additional $113mn in a series D round from Orange Digital Ventures and existing investors including...
Walletmor is the world's first globally acceptable and fully bio-secure payment implant. This seemingly futuristic payment model is available today.
The UK fintech market saw $2.8bn invested across 182 deals through three quarters, which surpassed all of 2016; the third quarter alone saw a record of $1.6bn in invesment; the number of deals closing was down when compared to 2016, though bigger deals have made the amount invested significantly higher; the figures can be attributed to Fintech Global, a UK based consulting firm. Source.
Funding Circle is considering more securitization deals with demand currently high for asset-backed securities with marketplace loans; Funding Circle was the first to securitize its loans in the UK with its £130 million securitization deal in April 2016; Samir Desai of Funding Circle says the firm has plans to do more securitizations in the near-term. Source
Tencent, the Chinese-based tech group, has a new stake in Monzo, which shows a big recovery in Monzo’s fortunes as it’s now valued at $4.5 billion.