Visa said it expects to resolve its disputes with Amazon in both the United Kingdom and the United States, according to separate reports.
Visa has recently launched a program to help creators expand their small businesses through non-fungible tokens (NFT).
Volkswagen is preparing an application for a UK banking license so they can continue car financing after the UK leaves the EU; the move will help the company be prepared as negotiations for Brexit continue; they currently are able to offer loans by passporting their license in Germany to the UK, but with Brexit occurring those rules might change; their loan book in the UK is $19.6bn and if they were to open a retail bank they anticipate about 10 percent of funding to be customer deposits. Source.
The Victory Park Capital Specialty Lending Fund has sold its Funding Circle loans; as of October 31, the Funding Circle loans accounted for 7.7% of the portfolio's net asset value; the sale follows the company's announcement to reallocate its portfolio to more of a balance sheet strategy. Source
The Victory Park Capital (VPC) Specialty Lending Fund will pay a dividend for the quarter ending September 30 of 1.5 pence; dividend payout continues to be lower than the dividend target of 2 pence; Fund has also been steadily trading at a discount to its NAV and the Fund's one year return is -12.42%; the VPC Specialty Lending Fund is shifting to more of a focus on balance sheet lenders and, similar to other funds, is also experiencing losses from currency hedging factors. Source
The Fund is increasing its dividend for the first time in eighteen months; dividend will increase to 1.7 pence per share after five consecutive quarters at 1.5 pence per share; the Fund currently has GBP343 million ($447.12 million) in assets and has been increasing its allocation to balance sheet investments. Source
The financial wellbeing app’s series C fundraise will be used to expand services for underserved, financially stressed workers.
Walletmor is the world's first globally acceptable and fully bio-secure payment implant. This seemingly futuristic payment model is available today.
Lendable provides consumer loans from high net worth and institutional investors; says the new investment is an important milestone for the firm and will help support its next phase of growth; according to Martin Kissinger, Founder and Chief Executive of Lendable, "This investment affirms our strong track record and operational excellence, and helps us reach the next level of scale." Source
UK based Funding Circle recently signaled they were looking to go public this year and now investors are wondering is this the start of a UK fintech IPO trend; rumors have swirled around Zopa, LendInvest, Monzo and others, but thus far not many have gone forward with a listing; there is concerns over the ability of the businesses to make a profit and have lessons been learned from U.S. fintech IPOs; while there has been a few small listing thus far time will tell whether or not the big fintech firms will make the leap. Source.