US proptech HomeLight acquires Accept, raises $115m at $1.7bn valuation
The acquisition of Accept will make HomeLight the largest agent-focused cash offer programme in the country.
Mortgage
CBA’s new digital mortgage brand, Unloan, underpinned by Mambu’s tech
CBA positions Unloan as “a revolutionary force in the Australian mortgage industry”.
Mortgage tech firm Twenty7Tec takes over Bluecoat Software
The acquisition is “set to revolutionise both the wealth and mortgage technology markets”, the firms say.
UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
New UK start-up Keyzy gears up for launch with rent-to-own solution
The firm promises hopeful homeowners the ability to “move in now, buy later”.
ICYMI fintech funding round-up: Archie, Dapio, Finary, Jia Finance, & Zimpler
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK fintech funding round-up: Answer Pay, ScribeStar, SimplyPayMe, Smartr365, & Versori
A handy round-up of the recent funding endeavours of UK-based fintechs.
Together in core banking tech revamp with Thought Machine
The Vault core banking system will be the “foundation layer” for Together’s new technology stack.
Wolters Kluwer acquires International Document Services in $70m deal
IDS is expected to generate revenues worth approximately $15 million in 2022.
Property lender Better.com lays off more than 3,000 staff in fresh cuts
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
Rob Regan joins Hodge as new COO
Regan moves from digital savings, pensions and investment firm Ascentric, where he was CEO.
Suffolk Building Society signs for TruNarrative’s regtech
TruNarrative’s technology will digitise mortgage customer onboarding and help prevent financial crime.
UK mortgage lender Generation Home lands £1bn debt financing to expand first-time buyer offering
Start-up says the new funding will help “over 4,000 more families” buy their first home.
Six reasons why landlords should re-evaluate their choice of bank
Banks should be in a strong position to support landlords, but unfortunately, this is rarely the case.
UK consumer lender Oplo acquired by challenger bank Tandem
Together, Tandem and Oplo will “create a fairer, greener digital bank”.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
Dutch digital bank Bunq partners with Tulp to offer mortgages
Challenger says it will become “the first European digital bank to start offering mortgages”.
Better.com CEO apologises after laying off 900 workers over Zoom
CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
Digital transformation in mortgages: beyond weathering the storm
With the high demand for mortgages in the UK, digital transformation efforts in the space have accelerated.
Cloud banking provider nCino to acquire mortgage neolender SimpleNexus
Finserv provider says acquisition is a “natural expansion” of its digital banking platform.
UK neolender Proportunity raises £105m to expand workforce and boost loans
The ‘proptech’ utilises machine learning to reduce lending risk.
Darlington Building Society revamps onboarding with ieDigital solution
UK building society aims to switch up its front end as part of ongoing transformation.
New FinTech Futures Report: Mortgages – the final digital frontier
We’ve launched our latest report, including an in-depth industry survey.
Nationwide searches for new chief executive as Garner steps down
The building society is looking internally for new candidates.
Bank of the Bahamas goes live with Newgen Software
Caribbean bank deploys new software to revamp end-to-end loan process.
Real estate fintech Reali raises $250m funding
The California-based firm will use the funds for national expansion and product development.
Fintech funding deals globally 16 August – 22 August 2021
Featuring DriveWealth, Sightline Payments, Bitpanda, PalmPay and Reali.
Lloyds to acquire savings firm Embark Group in £390m deal
UK bank aims for “top three” position in the retirement and savings market.
Landis secures $165m raise to help Americans become homeowners
The round was led by Sequoia Capital with participation from Will Smith’s Dreamers VC.
Starling makes Fleet Mortgages its first acquisition with £50m deal
UK challenger looks to expand into mortgages as an asset class.
Webinar: Unmortgage your mortgage processes with data
Learn how to accelerate your journey to a modern, flexible mortgage infrastructure.
US real estate platform Lev raises $30m in Series A
Lev has now raised a total of $44.8 million.
Former CBA chief digital officer launches mortgage fintech True Savings
The platform claims to take “less than a minute” to search for home loan options.
Aussie challenger bank Volt acquires neolender Australian Mortgage
The two companies had entered into a partnership earlier this year.
RVU snaps up online mortgage broker Mojo
RVU also owns Uswitch, Confused.com and Money.co.uk.
Better acquires UK digital mortgage broker Trussle
The deal represents Better’s first entry into the UK mortgage market.
Aussie mortgage firm Bluestone goes live with Mambu
Non-bank lender handles AUD 10 billion in home loans across Australia and New Zealand.
ChangeFi CEO: “We have to be on the ground with our communities”
ChangeFi is looking to give “equal access to the American dream”.
