Goldman Sachs lends Mexican start-up Konfio $100m
The companies had “several” event run-ins.
Lending
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Stripe announces new lending arm Stripe Capital
Loans will be based on the customer’s transaction activity on Stripe.
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
LOVEFiLM entrepreneur William Reeve invests in neobank Twisto
Reeve will help Twisto with its European expansion plans.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
Credit Sesame raises $43m ahead of IPO
The firm is on course for a $1 billion valuation.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
Mortgage start-up Better.com closes $160m Series C
The fintech has seen rapid growth since its 2016 launch.
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Banking platform for freelancers Joust raises $2.6m
The neobank allows workers to get paid faster.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
JP Morgan and OnDeck part ways
While OnDeck pursues a banking charter.
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
Swell announces closure
The investment platform did not reach the required scale to survive.
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Wiserfunding partners with European rating agency modefinance
To launch first credit rating service specific for SMEs.
Waddle and RBS pilot partnership
RBS is one of the first banks to offer an automated working capital solution to its customers.
How banks can take a new look at SMEs
Brand new, designed from the ground up platforms will enable the creation of trust by unlocking the door to data.
Video: fintech news weekly round-up – 15 July 2019
More top fintech news, in video format!
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Bitbond celebrates STO raising $2.3m
The token offering makes Bitbond the first issuer to have its prospectus approved by BaFin.
Incuto partners HM Treasury to boost credit union membership
The fintech enables credit unions to digitise their services.
