Here are the most read news stories from our daily newsletter today: PayPal Brings Crypto Service to UK Customers –...
By OakNorth -- OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small
Orca Money has raised 280,000 British pounds ($354,425) in a funding round led by TechStart NI; the UK company provides a comparison service for investors interested in P2P investments; the funding will primarily be used for development of Orca Retail, a financial media site which it plans to open in 2017. Source
Here are the most read news stories from our daily newsletter today: Gr4vy Partners with Banked and GoCardless to Deliver...
Scalapay lets customers choose its “buy now pay later” option while they checkout by setting up an account in just two to three minutes.
FINOM says the entire process of licensing was started 14 months ago and finalised in November - making it one of the fastest ever on the market.
Business Insider caught up with ID Finance co-founder and CEO Boris Batin at LendIt Europe; the company hopes to raise around $100 million through bond issuances over the next year; to date ID Finance has raised $10 million in equity and $70 million in debt; the startup is based Barcelona and lends in Russia, Spain, Kazakhstan, Georgia, Poland, Brazil and Mexico; ID Finance has lent $300 million so far. Source
N26 is closing their operations in the UK due to Brexit; N26 customers will need to withdraw or transfer their...
UK bank lending and mortgage approvals increased in January as rates remained low for borrowers; according to data from the British Bankers Association, consumer borrowing doubled from December to an increase of 538 million British pounds ($673 million) with loan growth in personal loans and overdrafts reporting an eight month high of 422 million British pounds ($527.9 million); bank lending to businesses also reported its highest increase since January 2015 at 3.4 billion British pounds ($4.25 billion); mortgage approvals were also significantly higher at 44,657 with total mortgage borrowing at 13.8 billion British pounds ($17.26 billion) and refinancing approvals up 15.7% from January 2016. Source
clients about starting a crypto trading desk; no plans are set yet but the bank is talking to clients, including institutional clients, about opening the desk as more banks explore the emerging market. Source.