In-store credit firm Sunbit attracts $26m funding
The company wants to target health and safety-related markets.
LendTech
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
Transforming the loan experience
Simple and flexible digital platforms could be the key to improved customer repayment rates.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
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.
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.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
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.
Why Iron Man is the ultimate mortgage broker
“Iron Man” – super-powered, not totally automated.
Swedish refinancing start-up Anyfin eyes European expansion with €8m investment
The extended Series A round brings total investment to €13.3 million.
Credit and payments app Twisto raises €14m
As it tries to expand throughout Central and Eastern Europe.
Supplement: FinovateSpring 2019
Read our free FinovateSpring Supplement, packed with fintech goodness!
Banking Technology May 2019 issue out now
Fintech with flourish. It blooms and blossoms.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Iress gains MSO deal from Principality Building Society
The Society was looking for new technology for its mortgages.
Finitive gets $6m funding for alternative lending investments
Investors can now access non-bank lending sectors.
All tests are not created equal: choosing the right psychometric-based credit tool
Helping to navigate through the various vendors and products available in the alternative credit scoring space.
Avant settles FTC unfair loan servicing charges for $3.85m
The online lender faced multiple charges of “deceptive” practices.
SoFi could secure Qatar investment for $500m round
Details of the deal are yet to be finalised.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
CHL Mortgages picks Jaywing for IFRS 9 monitoring
The provider began work on the project by providing independent model validation to CHL.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Vision Blue acquires Cardiff-based SamePage
Both firms are happy about how the GDFC deal went.
Credit Karma closes Noddle acquisition for UK expansion
It will make Noddle’s premium services available for all.
Australian challenger 86 400 partners with Vow Financial for home loans
As it seeks the regulator’s licence to deliver its own home loans.
Banking Technology April 2019 issue out now
Fintech spring is here, bringing the world colour.
Top fintech stories this week – 12 March 2019
Teradata’s event coverage, Sopra Steria acquired SAB, and other news.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
Kabbage pulls in $700 million in debt funding
It claims to be the largest asset-backed securitization by a small business online lending platform to date.
Upstart raises $50m investment and lands new bank contracts
AI lending platform wants to expand its applications.
Video: fintech news weekly round-up – 8 April 2019
Africa Fintech association, City watchdog’s orders, and a new blockchain alliance!
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
OnDeck acquires Evolocity
Catering for small businesses in Canada.
Bene working up to be a challenger bank in Australia
The firm currently offers digital loans.
ABN AMRO and Infosys partner for digital mortgage tech push
This includes Infosys’ acquisition of mortgage provider Stater.
