80 percent of UK consumers were unaware of the term fintech; a new study by the Telegraph shows that fintech knowledge and adoption is surprisingly low; even larger name brands like Funding Circle, Atom Bank and Nutmeg were not known to most surveyed consumers; the results point to an uphill climb by industry participants. Source.
MarketInvoice inked another bank deal with Varengold Bank AG for £45mn ($60mn) in debt funding; according to AltFi MarketInvoice's capacity to take on institutional money has increased four fold since 2014; MarketInvoice have funded over 70,000 invoices and lent out over £1.5bn ($2bn). Source.
Online lender Welendus has announced a Seedrs campaign with targeted fundraising of 300,000 British pounds ($375,060); firm provides short term financing options at affordable rates; plans to launch in the first quarter of 2017. Source
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code...
SMEs are increasingly turning to loans to support business growth. Iwoca has stepped up to meet demand.
The Funding Circle SME Income investment trust was launched in 2015 to invest in Funding Circle loans originated in the...
London-based FOL Wealth has launched a new robo advisor service for its wealth management clients; the solution offers clients automated service at an annual fee of 0.90% with a minimum investment of 1,000 British pounds ($1,216); it is intended to serve as a hybrid solution complementing the human advice of the firm's wealth advisors. Source
The company is currently valued at $2.8 billion and has lent $4 billion to British businesses with zero defaults; the...
Last month as Wirecard was unraveling the UK’s Financial Conduct Authority temporarily suspended Wirecard Card Solutions (WCS) from operating; this...
UK banks have only approved 6,000 loans for £1.1bn to SMEs as they slowly start to roll out the Coronavirus...