Here are the most read news stories from our daily newsletter today: Fintech tops Inc. 5000 list – LendIt Fintech...
Zopa was granted a preliminary banking license late last year but they are yet to launch their new bank; speaking...
Giles Andrews launched Zopa, the industry's first peer-to-peer lending platform, in 2005; he has now taken on a new role as the chairman of MarketInvoice; MarketInvoice provides P2P financing for small business invoices giving them an alternative source for working capital; Giles Andrews will help the firm scale its business and reach its 2017 goal of 2 billion British pounds ($2.48 billion) in lending. Source
Vibrant sees mobile POS systems as an essential tool for micro SME recovery. They plan to support the 10 million European merchants.
Dow Jones Venturesource has released its first quarter Europe Venture Capital Report; venture capital funding for the quarter was EUR2.23 billion ($2.42 billion); Atomico's Atomico Ventures IV Fund led fundraising with EUR723.30 million ($786.02 million) representing 32% of total fundraising for the quarter; business and financial services was the top funding sector with EUR877.92 million ($954.05 million) across 163 transactions; Funding Circle reported one of the top five deals in the first quarter with its funding round of EUR94.43 million ($102.62 million); by geography, the UK led fundraising with EUR970.28 million ($1.05 billion) from 150 deals and France was second with EUR398.02 million ($432.53 million) from 78 deals; the full report is available here. Source
The Block subsidiary’s alternative ditches Web 3 and places bitcoin at the forefront. But there is no official release date, as yet.
KuCoin announced that it has become the first major exchange to support Brazilian Real (BRL) deposits and withdrawals following a recent policy change made by the Central Bank of Brazil.
Abrdn is continuing its hunt for fintech acquisitions as it looks to digitise it business.
One of the most innovative banks in Europe is now partnering with Airbnb to allow residential mortgage customers to rent their properties; Metro Bank will allow customers to rent their homes for up to 90 days without any written approval; Paul Riseborough, chief commercial officer at Metro Bank explained, "Our focus is on making our customers' lives as straightforward and convenient as possible and we therefore hope today's news will give our customers the reassurance they need to jump in and take advantage of everything the dynamic sharing economy has to offer." Source
PayPal Working Capital has been a quiet achiever in the UK and announced today they have crossed £1 billion in small...