Tom Blomfield of Monzo was recently interviewed on City A.M.’s Unregulated podcast; Blomfield said that he has been approached by big banks and tech companies and that the firm receives a takeover offer every month. Source
In just three months the digital bank has brought in £5.4 billion of deposits across 100,000 customers; the savings account...
Parliament and the Council agreed to track crypto transfers continuously and block suspicious transactions in a provisional agreement.
European technology news from the startup ecosystem. Founder and publisher: Remco Janssen. Follow us on Twitter: @siliconcanals.
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
UK marketplace lender Landbay has been granted full authorization by the Financial Conduct Authority (FCA); the platform primarily lends to borrowers seeking rental property mortgage loans; with the FCA authorization the Landbay platform can now seek to offer innovative finance individual savings accounts to its investors. Source
UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source
A partnership between two highly-valued startups on each side of the Atlantic.
Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance.
Zopa has announced it plans to apply for banking licenses; company will be the first alternative finance platform to seek licensing as a bank; CEO Jaidev Janardana wrote to clients on Wednesday with details on the company's plans; Zopa will seek to offer deposit accounts and new lending products; requires Prudential Regulation Authority and Financial Conduct Authority licenses which the company expects to take 15 to 24 months. Source