The Fintech Delivery Panel (FDP) is a new industry group focused on helping promote the UK fintech in the wake of Brexit; members include TransferWise, Funding Circle, Onfido, Monzo, FreeAgent, MarketInvoice, Starling Bank, Barclays, HSBC, RBS and Santander; the group plans to meet four times a year and post meeting minutes on the website of TechCityUK. Source
Rocket Companies, a platform that offers mortgage and financial services, has signed an agreement to acquire Truebill for $1.275bn in cash.
UK bank lending and mortgage approvals increased in January as rates remained low for borrowers; according to data from the British Bankers Association, consumer borrowing doubled from December to an increase of 538 million British pounds ($673 million) with loan growth in personal loans and overdrafts reporting an eight month high of 422 million British pounds ($527.9 million); bank lending to businesses also reported its highest increase since January 2015 at 3.4 billion British pounds ($4.25 billion); mortgage approvals were also significantly higher at 44,657 with total mortgage borrowing at 13.8 billion British pounds ($17.26 billion) and refinancing approvals up 15.7% from January 2016. Source
Old Mutual has reduced its stake in the VPC Specialty Lending Fund to less than 6%; the Fund's performance has been struggling since September 2016 and it has been steadily shifting to balance sheet investments; over half of the portfolio is now contained in balance sheet investments which is an increase from 43% in June 2016. Source
The co-founders of Xendit, Moses Lo and Tessa Wijaya, discuss payments infrastructure in Southeast Asia, smartphone penetration and why the opportunity there is so big.
The company is currently valued at $2.8 billion and has lent $4 billion to British businesses with zero defaults; the...
Netherlands invoice finance startup Finturi has closed $2.2 million in funding to help companies secure loans against invoices using blockchain and...
Co-founder Ben Stanway speaks exclusively to AltFi about branching out into Bitcoin, figuring out financial planning, and whether an IPO is in Moneybox's future.
Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off.
ID Finance has partnered with Latvian marketplace lender Mintos to list its MoneyMan loans on the platform's marketplace; current loans will be issued to Spain ranging from EUR 300 ($326) to EUR 1,200 ($1,304) with a repayment period of 30 days to 4 months; ID Finance is the first network originator to offer Spanish listed loans on the Mintos platform providing for enhanced cross-border diversification. Source