253 articles tagged with this keyword
News/people
A former director at the UK's financial regulator has been appointed as the chief executive of the London Stock Exchange (LSE).
07 December 2020
News/retail
European alternative investment platform Mintos has shattered crowdfunding records on Crowdcube, raising €5.3 million from nearly 5000 people in just 24 hours.
17 November 2020
News/startups
Possible Finance, a Seattle-based digital short-term lender for people with poor credit, has been adjusting to the Covid-29 economy, raising $11 million in funding via Zoom calls and making the long-term switch to remote working.
23 October 2020
News/wholesale
Online lender Capify has scored $10 million in equity funding and secured continued support from Goldman Sachs for its existing credit facilities.
01 October 2020
Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.
23 September 2020
News/crypto
The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.
22 September 2020
News/inclusion
As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.
Amsterdam-based fintech Factris has concluded a €5 million Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank.
16 September 2020
German peer-to-peer lender auxmoney has raised a mammoth €150 million in growth capital in an investment round led by Centrebridge Partners.
03 September 2020
News/sustainable
The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).
26 August 2020
According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.
While the fintech industry is still evolving, the evidence so far indicates that it has a key role to play in financial inclusion, according to Ana Fiorella Carvajal, lead financial sector expert at World Bank. This role comprises not just the provision of basic services, such as payments mechanisms, but more recently also the provision of financing to consumers and SMEs.
13 August 2020
Metro Bank is to buy distressed P2P lender RateSetter for a bargain basement initial price of £2.5 million.
03 August 2020
News/payments
The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic.
30 July 2020
Digital banking app Revolut has netted £63m ($80m) from US private equity firm TSG Consumer Partners in its latest funding round.
27 July 2020
Selina Finance, a London-based alternative lender which provides credit to business borrowers by unlocking the value tied up in their property, has secured £12 million in equity funding and £30 in debt lines.
23 July 2020
News/regulation
Online lender SoFi has applied for a national bank charter with the US Office of the Comptroller of the Currency (OCC).
09 July 2020
Ping An and JPMorgan are to join a $60 million financing round in supply chain finance outfit Taulia, according to the Wall Street Journal.
Wagestream, a UK startup that lets customers draw down their 'earned income' at any time during the pay cycle, has raised £20 million in a Series B funding round led by Northzone.
08 July 2020
When discussing the amorphous nature of fintech, Tania Ziegler, the CCAF’s Global Benchmarking lead was struck by how ‘fintech’ is increasingly used as an all-encompassing term, describing a diverse range of organisations that all have financial technology at the centre of their operations and agenda.
02 July 2020
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