UK lender Bevan Money announces new CEO to guide final regulatory authorisation stages
Bevan applied for a banking licence last May, with plans to provide mortgages for public sector workers.
Bevan applied for a banking licence last May, with plans to provide mortgages for public sector workers.
The platform will enable Nigerian businesses to access loans and AI-powered transactional insights.
You now have until Friday 23 February to get your nominations in.
The credit union has signed for the vendor’s online account opening and online loan application product suite.
ID Finance claims the financing marks its “largest ever financing round” to date.
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
The software will support the origination of mortgages for high-net-worth borrowers.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The app-based offering launched this week with account and lending services.
The holding companies currently control Bank of Southern California and California Bank of Commerce.
The move comes as part of a £1 million investment by Offa to upgrade its IT systems.
Nikkilä joins Santander from ING, where he is currently serving as head of global retail transformation.
Reevo Money was launched by Amplifi Capital in 2022 and is the firm’s second customer-facing brand.
In this episode of the podcast, we’re joined by Hangwi Muambadzi, Principal and Head of Africa at CommerzVentures.
The bank says Khan will work to develop and cultivate “green digital banking solutions”.
The deal will enable YouLend to provide additional revenue-based financing to SMEs.
The LA-based fintech says it will use the facility to attract and retain more customers.
Mondu’s credit facility with VVRB now stands at €50 million following an earlier deal in 2022.
Bilt Rewards was previously valued at $1.5 billion following a $150 million funding round back in 2022.
Californian venture capital firms Revolution Ventures and Moneta Ventures led the round.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
The Dutch paytech is looking to expand its presence and break into the neighbouring market of Germany.
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
WCAS will also commit $200 million to fuel the future growth of EquiLend.
Our pick of the top fintech news stories this week includes Citi, Sainsbury’s Bank and more.
The fire sale deal follows reports in December last year that ZestMoney was closing down.
Varga says he has made the “pivotal decision to move on” from the Scottish risk and decisioning firm.
The start-up previously secured a £95m debt facility from NatWest and an £8.5m Series A round in February 2023.
Unger brings more than two decades of financial services and fintech experience to his new role.
The start-up seeks to provide property investors with interest-free down payments on their next home purchase.
It is the second year fintech funding has fallen in the UK, down 70% on 2021 figures.
Hynd previously spearheaded the commercial transformation of UK-based Redwood Bank.
Co-founder David Luck will assume the role of executive chairman, while CPO Damian Brychcy takes on the role of CEO.
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
We are uniquely placed to influence the application of tech and maturation of regulation. Go out there and do good.
Sky News first reported Tesco Bank’s interest in exploring a sale in February last year.
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
Capping off 2023, we take a look back at five of the top fundraising rounds of this year.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.