South African fintech Jumo raises $55m to fuel geographic expansion
Jumo plans to break into both Cote d’Ivoire and India in 2020.
LendTech
Small business lender iwoca raises €100m for German loan growth
The company says it is the largest fintech small business lender in Germany.
Goldman Sachs-backed salary lender Neyber in talks with administrators
Neyber secured £100 million from Goldman Sachs in 2017.
Video: Top fintech stories this week – 21 February 2020
FinTech Futures’ weekly news round-up.
Ally Financial to buy CardWorks for $2.65bn, shares fall 10%
The deal grows Ally’s user base to 11 million across 50 US states.
Nigerian fintech start-up Aella raises $10m
This debt financing round is Aella’s second raise.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Funda Finance Partners in lendtech revamp with nCino
US-based nCino has gained further presence in Australia via a new deal with Funda Finance Partners, an SME lender. New South Wales-based Funda will implement the vendor’s flagship cloud-based solution, nCino Bank Operating System, “to streamline its lending processes and enhance its customer experience”, nCino says. “Funda chose nCino after searching for a technology solution […]
Supplement: FinovateEurope 2020
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State Bank of India selects BEP Systems for UK mortgage origination
SBI due to go live on Apprivo2 system in Q2 2020.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
OakNorth to deploy lending platform for Dutch lender Oimio
Newly-launched firm aims to help SMEs with loans of €1-10 million.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Gig economy fintech SteadyPay raises £2.9m to tackle income volatility
Roughly a seventh of the 32.54 million employed in the UK are gig economy workers.
HAB Bank implements Jack Henry’s commercial lending platform
New York-based community bank wants to boost its commercial ops.
Goldman cuts personal lending after launching Apple card
Its partnership with Apple has taken some of the momentum away from Marcus.
Australian fintech Wisr raises $33.5m for P2P lending marketplace
New and existing “high quality” institutional investors took part.
How UK start-up The Money Platform is transforming credit for millennials
EXCLUSIVE: The lendtech is rolling out its open banking offering.
NewDay acquires Deko to grow tech revenues
The acquisition comes months after the appointment of new CEO John Hourican.
China drafts rules to tackle risky half a trillion financial leasing sector
Only 2,985 of the 10,900 leasing firms in China are active businesses.
Think Business Loans set to launch new matching service iFunds V2
The credit broker says it will improve productivity for lenders by up to 75%.
SME challenger bank B-North raises £2m funding
The bank’s first regional “Lending Pod” will open in Manchester in Q2 2020.
Credit card challenger Koto to launch in UK come 2020
“We are offering credit with a fixed fee from day one,” says Koto’s CEO.
Til a mortgage do us part
Is three months of bank statements really enough to determine whether someone can afford a mortgage?
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Latvia’s Robocash set to raise $5m for P2P investments in Southeast Asia
European investors can now back 12-month commercial loans in Singapore.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
UK P2P firm Zopa receives £140m injection to keep banking hopes alive
Zopa’s temporary licence was set to expire.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Mexican lendtech start-up Konfio bags $100m investment led by SoftBank
This is the Latin American start-up’s fourth financing round.
Singapore’s FinAccel raises $90m to make financing more accessible in Southeast Asia
FinAccel hits $500 million evaluation.
Mike Cagney’s Figure Technologies set to raise $103m in Series C
Figure is also edging into the student financing space.
Revenue-based financier Uncapped launches and secures £10m
The capital offering sits between debt and equity financing.
BFS Capital swings in new ex-axe throwing exec
The new COO comes from an international axe throwing event company.
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Money20/20 USA: Seven key takeaways and how to prepare your business
Informa’s Rutger van Faassen shares his impressions and insights from Money20/20 USA.
AI: A force for good?
The last of the two part series by Nadia Sood, CEO at CreditEnable.
Banking Technology Awards countdown: 4 weeks to go – will you be there?
Get in touch with our team to book your place – it’s a party not to be missed.
