Appital launches new trading fintech
Its platform will accelerate trades, strip out costs and provide transparency for buyers and sellers.
UK
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Yoyo and Mastercard’s Pay by Bank team up
Bringing “an omnichannel payment and loyalty experience that is unrivalled in the market”.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Form3 partners with Pockit
The UK-based payments system is also opening new offices in Amsterdam.
Yolt signs partners and prepares for wider roll-out
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
WorldRemit drives growth with $175m funding
Diversification and a new SME product are on the cards.
Hinckley & Rugby Building Society live with iFinancial AML solution
AMLtrac has been integrated into Hinckley & Rugby’s Summit back office system.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Regtech Konsentus closes multi-million-pound pre-Series A round
The financing round was led by Mastercard.
Revolut, Chip and Marcus by GS integrate with Money Dashboard
UK fintechs collaborate to help consumers spend smarter and reach saving goals.
InsurTech firm REG closes £2.4m funding round
The additional capital will support the company’s growth trajectory.
Is your workforce Brexit-proof?
What fintech companies need to do to secure the long-term right to stay in the UK for their EEA nationals employees.
Raphaels fined £1.9m by FCA and PRA for outsourcing mismanagement
The bank didn’t properly manage the outsourcing of payment services.
Plaid launched in the UK
Following the acquisition of Quovo in a $200m deal.
Case study: the data that turned around banking giant Lloyds
How setting the right business KPIs can be the first step to turning around your business.
SeedLegals raises $4m to help start-ups save money
The platform automates the fundraising process.
Regtech ClauseMatch closes $2.5m venture debt funding with SVB
The money will fund further expansion into Europe and Asia.
Video: fintech news weekly round-up – 28 May 2019
News on Facebook, Monzo, Transferwise, and more!
Modulr completes scale-up investment round of £14m
Taking the total amount raised by Modulr to £24 million.
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
Half of SMEs are getting paid after 72 days
More than one-third of start-ups and SMEs are suffering with cash flow issues, with a total of £26bn owed to them.
HSBC chooses Globality’s AI self-serve procurement platform
Solution avoids limitations of analogue legacy systems.
TransferWise doubles its valuation to $3.5bn
International payments firm raised $292 million in secondary funding.
Instalment payment option added to lastminute.com via Divido
This provides instant access to credit by connecting shoppers to multiple lenders at the moment of purchase.
Wagestream raises £40m for “get-paid-as-you-earn” service
It is the UK’s largest pool of social impact investment.
Lloyds announces new digital tech hub in Edinburgh
Plan will create 500 high-skilled jobs over next 18 months.
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Quotevine wins £2.2m in funding
The UK-based firm provides asset and automotive finance solutions.
Swiss bank prepares for PSD2 API regulations
It will provide APIs for third-parties for the Cornèrcard in the UK and Liechtenstein and Diners Club Card Italy.
Certua acquires insurtech Surely Group
It is to bolster Certua’s new insurance platform.
Conversion platform BookingBug rebrands as JRNI
Webcollage’s John Federman joins as new CEO.
UK is fintech world leader with £4.5bn investment in three years
The country is also fourth in the world for overall scaleup investment.
SoftBank invests $800m into UK fintech Greensill
It puts Greensill’s valuation at $3.5bn.
Video: fintech news weekly round-up – 13 May 2019
This week, blockchain and crypto by big names like Facebook and Microsoft, among other news!
Scale Insights moves to the UK following investment from Nationwide
The Canadian firm will use the undisclosed investment to analyse speech patterns.
Atom picks TruNarrative to provide AML solution
Atom was looking for a better way to manage false positives.
Manchester: the “only logical choice” outside London for Europe’s fastest growing fintech
UK’s Northern Powerhouse will be supported by the success of Manchester.
