Stripe announces new lending arm Stripe Capital
Loans will be based on the customer’s transaction activity on Stripe.
LendTech
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
Kabbage acquires Radius Intelligence to expand its data library
Kabbage is backed by SoftBank and lends up to $250,000.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Banking Technology Awards 2019: entry deadline extended
Breathe a sigh of relief. You’ve got two more weeks to enter the awards.
Credit Sesame raises $43m ahead of IPO
The firm is on course for a $1 billion valuation.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
Banking Technology Awards 2019: last working day to submit your entries!
No time to waste! Apply for this year’s Banking Technology Awards before it’s too late.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
Mortgage start-up Better.com closes $160m Series C
The fintech has seen rapid growth since its 2016 launch.
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
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Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
JP Morgan and OnDeck part ways
While OnDeck pursues a banking charter.
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Wiserfunding partners with European rating agency modefinance
To launch first credit rating service specific for SMEs.
Waddle and RBS pilot partnership
RBS is one of the first banks to offer an automated working capital solution to its customers.
How banks can take a new look at SMEs
Brand new, designed from the ground up platforms will enable the creation of trust by unlocking the door to data.
Video: fintech news weekly round-up – 15 July 2019
More top fintech news, in video format!
Intrum picks Qualco software to streamline debt collection
The deal follows a 15-month analysis phase.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
ICICI and IndoStar partner to finance commercial vehicles
The arrangement will target underserved small and medium fleet owners.
Australian FIs team up for Lygon blockchain pilot
The platform will seek to modernise the management of bank guarantees.
Citi and Vasakronan execute first MTN on Origin
The pair successfully raised AU$30 million using the debt origination platform.
Blend raises $130m for digital loans
The lendtech has also welcomed new execs.
Finicity and LendingQB partner to accelerate mortgage process
The solution helps lenders spot underwriting factors that can make the process faster.
Roostify teams up with HSBC Bank USA
The new tech will revamp the digital mortgage experience.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Phoebus Software achieves buyout backed by NorthEdge Capital
After 30+ years of private ownership, UK-based Phoebus has concluded a management buyout.
Growth Street receives £10m funding round
Funds will be used to transform the business overdraft.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
