UK fintech Raylo bags £110m debt financing facility
Raylo provides consumers with “affordable” access to tech products on a monthly subscription basis.
Raylo provides consumers with “affordable” access to tech products on a monthly subscription basis.
Sprive’s AI mortgage assistant, available through a mobile app, helps customers pay off their mortgage faster.
The debt facility constitutes an extension to Finbourne’s Series A funding held in April 2021.
The new funding facility will enable LiveMore to increase loan originations and grow its portfolio.
Schwierholz, who will assume the role of CFO on 1 February 2023, replaces Jan Kemper.
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
Featuring practical business banking case studies from Metro Bank, Santander, and Lombard.
Commerzbank has filed a suit against the accounting firm in Frankfurt court, Reuters reports.
This is first time an open banking payment method was embedded in a government department’s system.
A handy round-up of the recent funding endeavours of fintech companies in the UK.
The round saw participation from investors including Sands Capital, DN Capital, Coalition and BlackFin Capital.
Lord Hammond has provided “strategic advice” to the firm as a senior advisor since October 2021.
Prior to HyperJar, Rooney spent 32 years at Morgan Stanley, including as CEO of Morgan Stanley International.
“Last year, we decided to reshape the business to be in line with our new strategic imperative,” says CEO.
The court has ruled in favour of a proposed US-style Chapter 11 restructuring of Goodbox.
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
The partnership will help Finora Bank manage fraud risks and gain insights into its financial operations.
The Bundeskartellamt is investigating “practices possibly foreclosing competitors and restricting price competition”.
Köppen was hired as Mollie’s CTO last year from Klarna.
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
The CMA’s letter says that HSBC “self-reported” the breaches following a review of its compliance.
The letter has been co-signed by Codat, Atom Bank, Funding Circle, Iwoca, Allica Bank, SPRK Capital and others.
Parfitt will be tasked with leading Freedom Finance’s data products initiative.
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
King will succeed Charlotte Crosswell, the current chair and trustee, who will step down on 31 January.
Equipped is a UK-based provider of analytics solutions for alternative asset management firms.
Global Screening Services (GSS) has raised funds from AlixPartners, The Cynosure Group, and MUFG.
When an out-of-the-box design drives supreme customer experience and sales boost: case study on Credit Agricole Bank Polska’s mobile app.
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Fiona Richards joins PrimaryBid from Rowan Dartington, the discretionary investment arm of St. James’s Place.
The cash will be used to strengthen its product suite in existing markets and boost its growth across Europe.
A handy round-up of UK fintechs that are the latest lucky recipients of funding.
Nagelmackers is implementing Objectway’s platform for its advisory, discretionary, and execution-only offering.
Verhoeven, currently managing director of SAP UK and Ireland, will assume the role on 3 April 2023.
Hagger-Johnson will be tasked with developing a new data and insights framework for the firm.
Founder and CEO Christian Owens says the firm is looking to “adapt to what will be leaner times going forward”.
Nexi will utilise the tech giant’s IBM z16 and IBM Storage System offerings.
Fairless joins ClearBank from savings and investment firm M&G.
Nooriala says he is “taking a step back from day-to-day operational roles in tech start-up land”.
Nexo intends to file claims “for all financial and non-pecuniary damages suffered as a result of illegal actions”.