ParentPay is an online payments service in the UK that is used by more than 5 million families and 13,000...
P2P Global Investments’ NAV rose .78% in December and returned 5.2% in 2018; the UK-listed fund focuses on purchasing assets...
Raisin is looking to expand on their deposit marketplace by offering a term deposit product to European SMEs; this will allow SMEs to earn money on their cash instead of dealing with negative interest rates that have been prevalent across Europe; currently Raisin has enlisted Banco BNI Europa from Portugal, Younited Credit from France and Greenhill Bank from Germany in the product. Source.
According to a new independent review of UK based Co-operative Bank by Canadian central banker Mark Zelmer banks runs in...
Here are the most read news stories from our daily newsletter today: PitchIt Podcast #23: Tolga Tezel of Canopy Connect...
Marqeta has hired its first employee in London as it aims for a 2018 European launch; the firm provides payment card technology and works with other fintech firms such as Square and Kabbage; they have raised a total of $76 million, which includes a recent $25 million investment which was led by Visa; CEO Jason Gardner stated in a Business Insider interview, “The use-cases we see here in the US and Canada are very similar to the use-cases we see in Europe. Since our inception [we] have always seen ourselves as a global issuer-processor and Europe is obviously an enormous market.” Source
Most European brands looking to join the embedded finance boom will do so via an embedded payments offering
Innovate Finance and the Financial Conduct Authority have published a preview report on the UK Fintech Sandbox with a full report planned for May 2017; the preview report provides insight on the benefits of fintech sandboxes and how they can promote innovation while also helping to facilitate regulation. Source
According to new reporting by Sifted and Finance Forward N26’s exit from the UK was not due to Brexit but...
UK based Lendable raised $400mn to continue lending to UK consumers amid concerns over growing household debt; the capital infusion comes from Castle Trust who is backed by the US private equity shop JC Flowers; this is the second big deal for Lendable in 2017 as they were able to secure over $130mn from Waterfall Asset management in March. Source.