Tandem is set to begin a new monthly membership fee for their cash back card starting March 2020; the new...
UK banks are warning that up to half of the £18.5bn of bounce back loans could fail and hundreds of...
Stash opens the metrics kimono regarding growth during the pandemic How Sunrise Banks and Anvil onboarded $127M in PPP loans...
Fleximize is a SME revenue-based finance provider; offers financing from GBP250,000 ($310,000) unsecured and GBP500,000 secured ($621,000); funds from the facility will be used to increase lending capacity; anticipates GBP100 million ($124 million) in funding by 2019; lending in 2016 was GBP40 million ($49 million), up 132% from 2015; company also plans to expand their product set and tech platform. Source
Binance Labs, the venture capital arm of Binance, the world’s largest crypto exchange by trading volume, has secured $500 million in investment funds.
I think it is possible to believe that tokenisation will be huge and that defi protocols will have a serious role to play in the next generation of financial services while simultaneously being sceptical that cryptocurrencies will have a major role.
Focusing on the cross-border capabilities of P2P payments, Rakuten Viber has partnered with Rapyd to unlock in-app payment options between users.
Flender, a marketplace lending platform in the UK, is seeking to raise 500,009 british pounds from an equity crowdfunding campaign on Seedrs; the company offers P2P loans through a mobile application; the firm's business model seeks to connect borrowers with lenders in their social network helping to facilitate social network lending. Source
The co-founder of LendInvest and chair of the industry group Fintech Founders was responding to data showing a 75 per cent rise in employees exiting traditional banks and joining startups since the start of the pandemic.
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