Flender has launched a marketplace lending platform to facilitate social network lending for individuals and businesses; during its pilot period it successfully financed social network borrowing in Ireland for business startups, small business expansion, car finance, home improvements and student loans; the launch follows a successful Seedrs fundraising campaign that raised 500,000 British pounds ($608,680). Source
Citi’s release of Bridge, a virtual loan broker offering merchants a three step process to apply for capital through over a dozen banks, has branched out across seven states and is continuing to grow four months in— according to recent LinkedIn posts from Citi employees. “I am excited to announce I have been working on...
The financial super app is launching Revolut Reader across the UK and Ireland.
In this episode, we talk with the i80 Group about debt financing. Many young fintech companies are capital-intensive businesses with few good options for attractive debt funding. I80 Group fills that need.
Wording that would have banned proof-of-work cryptos like bitcoin has been removed.
iProov, the world leader in online biometric face authentication, today announced a $70 million growth investment from Sumeru Equity Partners
Peter Renton, co-founder of LendIt shares his takeaways from LendIt Europe 2017; discusses presentations from many of the presenters on the keynote stage. Source
The UK’s Financial Conduct Authority (FCA) has warned operators of crypto ATMs in the country to shut their machines down or face enforcement action.
The UK's Payment Services Directive 2 (PSD2) has the potential to significantly change banking for consumers with access to open APIs; the article notes that banks that have only done the minimum to comply with PSD2 may run into issues if we ever see a PSD3; fully embracing PSD2 may save headaches for banks down the road; the trend of open APIs and data sharing is likely to make its way to the US; Japan is also leading the way in this area having explored domestic ACH on blockchain. Source
One of Europe’s hottest fintech startups Revolut plans to seek a banking license in Russia as the Lithuania government delays...