Members of the Peer-to-Peer Finance Association are approaching £10 billion in lending; Peer2Peer Finance News digs into the companies with...
Singapore state investment giant Temasek led the round of funding, which will be used for global expansion.
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.
Several SoftBank executives held calls last month to discuss potential legal risks with their large investment into Wirecard so soon...
RateSetter's Provision Fund is a capital reserve that helps ensure investors get paid principal and interest even if loans default; currently the fund is valued at £22 million; with the company projecting future losses via default of £18 million, the "Provision Fund coverage" ratio is roughly 120%; now, the firm has begun publishing a "capital coverage ratio" that combines the reserve funds with the expected interest payments on the loans, then divides by expected losses; with £30 million in interest payments expected, added to the £22 million reserves, the capital coverage ratio is nearly 3x; RateSetter said the newly published ratio is more fair when comparing RateSetter's assurances against other online lenders that don't hold a reserve fund but that still calculate coverage of potential losses. Source
With this, Bunq is now valued at €1.6B and sets a new record for a Series A investment in a European fintech company.
An Post has teamed up with European open banking platform Tink, to bring new money management services to its customers.
UK based online real estate lender LendInvest has securitized $328mn of UK prime Buy-to-Let mortgage loans; Christian Faes, Co-Founder and...
Credit Card Fintech Petal Raises More Money in $140 Million Series D. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
The Crypto, Fintech, and Banking Meetup was a chance for keen industry insiders to get back to a level of normal.