P2P lender liwwa raises $18.5m in equity and debt
liwwa operates a marketplace for SME loans where investors can purchase loan receivables.
LendTech
UK’s Amplifi Capital launches personal loans provider Reevo Money
Reevo Money says its ultimate goal is to help people build their credit rating.
White paper: Financial services marketing – how to leverage referrals
This free referral marketing guide explains how a brand can flourish by utilising customer-specific tactics.
New challenger bank in the UK – StreamBank
StreamBank intends to be a partner for property professionals looking for bridging or development finance.
Mambu core banking tech underpins new African bank, Carbon Finance
Nigeria’s Carbon Finance is now a full-service bank with pan-African aspirations.
India’s RBI gives financial firms deadline to comply with new digital lending rules
The RBI says that the new rules will be applicable to both existing and new customers.
White paper: The global fintech landscape – challenges, collaboration, and cloud
InterSystems’ research with the insights of over 500 decision makers within fintech organisations.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Oxbury Bank lands £25m in Tier 2 capital funding
The capital facility will enable the bank to lend an additional £250m to British agriculture firms through to 2023.
Banking Tech Awards USA 2022 Winners Supplement out now
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
Indian lendtech EarlySalary raises $110m Series D funding
EarlySalary will use the new funds to expand into new markets and increase its loan book.
UAE start-up Huspy acquires Just Mortgages and Finance Lab
The founders and employees of both companies will be joining Huspy.
How mortgage lenders can unlock data and help bridge the housing gap
A borrower’s credit score is now one of their largest barriers to securing a home loan.
Capital on Tap lands £200m credit line from JP Morgan and Triple Point
Capital on Tap says the funding will help SMEs access credit at a time when the UK is anticipating a recession.
Two new mortgage start-ups launching in Latin America – Toperty and Saturn5
Toperty is based in Colombia and Saturn5 is based in Mexico City.
Saudi BNPL firm Tamara raises $100m Series B
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
MVB Financial set to acquire Integrated Financial Holdings for $98m
MVB Financial is aiming to grow its government guaranteed lending business.
FCA tells BNPL firms to ensure ads are “clear, fair and not misleading”
The FCA is “proactively monitoring the market to ensure expectations are met”.
GB Bank receives full banking licence, set to lend £3bn over five years
The bank will support the creation of more than 100,000 jobs and 20,000 new homes.
Underwriting with alternative and cash flow data
Use of non-bureau, “alternative’’ credit data can help better understand the risk of a consumer.
UK mortgage lender Perenna obtains banking licence
Perenna intends to offer long-term fixed rate mortgages in the near future.
P2P lender Assetz Capital agrees £200m funding partnership with Aeon
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Lendflow partners Ocrolus to streamline credit decisioning
Ocrolus’ document automation technology will help Lendflow better analyse more data.
Founderpath bags $145m to fund bootstrapped SaaS ventures
Founder Nathan Latka says the firm has deployed over $50m in capital over the last 12 months.
State of play: BNPL
BNPL has become one of the most divisive credit products of the modern age.
Growth capital fund Upper90 raises $180m to fuel fintech start-ups
The firm’s investment model combines credit and equity for fintech businesses that have predictable revenue.
Digital lending platform Auxmoney secures €500m to fund new loans
The financing has been provided by American multinational Citi and French investment bank Natixis.
Mansfield Building Society partners DirectID to streamline mortgage applications
Mortgage applicants can now securely provide their bank statements online via open banking.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
Great Western Credit Union completes merger with Stroud Valleys Credit Union
GWCU says it now has a combined total of over 21,000 members.
Don’t let the doom and gloom clip your fintech’s wings
The key to managing this downturn is to focus entirely on your own circumstances.
Brazilian fintech Neon raises $80m to support credit portfolio expansion
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
Banking Tech Awards USA 2022 Winner: Citizens Pay – Best Innovation
What retailers need to know about buy now, pay later (BNPL).
European proptech Casavo secures €400m in equity and debt funding
The Series D equity raise, led by Exor, represents Europe’s largest proptech financing to date, Casavo says.
Funding Circle hires Bruno Tavares as new VP of engineering
Tavares has more than 20 years worth of experience across technology and engineering.
Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
Recurring-revenue business lender Capchase secures $400m debt financing
The funds will be used to support SaaS start-ups across the US and Europe.
Consumer finance provider Home Credit appoints Jan Cenkr as group CIO
Home Credit is working towards the launch of its new Global Mobile App.
India’s M2P Fintech snaps up cloud lending firm Finflux
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
