Financial infrastructure platform Fidel API has raised $65m in a Series B round led by Bain Capital Ventures, bringing its total funding to date to $88m.
As Marcus looks to launch a UK savings product soon the bank is already eyeing additional European markets; they plan...
It is unsurprising that the UK has embraced the financial market shift to fintech, but where do they stand on a global scale?
Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that...
The European Central Bank (ECB) is considering additional capital buffers to banks looking to incorporate fintech; the regulator says adding fintech to the bank will increase the potential for a volatile client base and the untested products will need a lot of capital; this is part of the recent draft licensing guidelines released by the ECB. Source.
Chancellor, Jeremy Hunt presented a vision to make the the UK "the next silicon valley" but changes could stifle fintech innovation.
Leading UK challenger bank, Revolut, is growing fast and now has around four million customers; they are adding new customers...
Pikl has been at the forefront of responding to the needs of the shared housing sector. Now it turns its sights to shared mobility.
RateSetter is ending its wholesale loan program after discussions with the Financial Conduct Authority; the Financial Conduct Authority has requested P2P lenders not undertake wholesale lending which provides loan capital to other businesses and financial institutions specifically for the purpose of lending; in 2016, RateSetter reported 114,347,646 British pounds ($142,591,515) in wholesale lending. Source
Buy now, pay later (BNPL) platform Zilch has secured an additional $50m in an extension of its Series C round, bringing the total amount raised to $160m.