A partnership between Seedrs, Form3, and LHV UK will allow instant and faster payment processing.
Revolut is the latest company to apply for a European Banking License; their competitors Monzo and Starling Bank are already licensed; the company expects to have the license in the first half of 2018 which will allow it to offer deposit and credit services in certain markets. Source
Fintech Raisin has raised an additional $113mn in a series D round from Orange Digital Ventures and existing investors including...
While the coronavirus continues to take most of the headlines the UK Chancellor Rishi Sunak released the 2020 budget; the...
Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have...
One of the key components for open banking is being able to access data from other providers around the clock;...
Qwil’s Johnny Reinsch: ‘Our mission is to provide liquidity to SMBs and freelancers around the world’ Nationwide Announces New Partnership...
Funding Circle announced they passed the milestone last year; CEO and Founder Samir Desai stated, “We were pleased with the result for the group. Overall we improved our loss margin. The UK business became cashflow positive in Q4 of 2016 and continues to generate positive cashflow in the first half of the year.” he added, "As we've said many a time, we believe that our business should be a public company as well because that fits with our values of transparency and being open, and allows us to take our service to more and more people as well."
Other highlights include:
- Operating expenses rose by 43% to £103.1 million;
- Losses dipped by 3% to £35.7 million thanks partly to a foreign exchange boost;
- £1 billion lent last year;
- Loans outstanding rose by 61% to £1.37 billion;
Many companies are facing an uncertain future due to the current crisis but there are still many success stories in...
Financial technology leader FIS® (NYSE: FIS) announces that its Worldpay from FIS® business will be the first global merchant acquirer to offer merchants the ability to receive settlement directly in USD...