Revolut Seeks Debt and Equity Round Worth $1.5bn
UK based digital bank Revolut is looking to raise a fresh round of capital worth $1.5bn; the startup hired investment bank JPMorgan to help ...
Funding Circle Tries to Calm Investors about Secondary Market
Funding Circle sent a letter to investors saying that the company is well capitalized and is focused on solving the secondary market problem; investors ...
HSBC Revamping First Direct
HSBC is working on a relaunch of their First Direct offering which aims to compete with other digital banks like Monzo; the bank plans ...
Fintech Raises Make Up a Significant Portion of Crowdcube’s Volume
Last quarter fintech volume on the crowdfunding site reached 38% of the total £39 million invested; Curve, Chip and Gohenry were some of the ...
Announcements & Releases for October 11, 2019
Headlines Claiming Institutional Interest in Crypto Down Significantly Digital currencies: the rise of stablecoins Fidelity ...
N26 Surpasses HSBC in France
N26 shared today that they have crossed 1 million customers in France; they first launched in France in 2017 and have now surpassed HSBC which ...
Ratesetter Sticks to P2P Model and Expects Profit in 2020
UK based p2p lender Ratesetter says they will continue to stick with the p2p model and not move towards the industry trend of relying ...
NatWest Testing Credit Cards with Fingerprint Verification
UK based NatWest bank is running a 3 month trial, along with Mastercard and Gemalto, of a biometric credit card where you can use ...
The Cost of Zopa’s Digital Bank Investments
Zopa’s p2p lending business reported £145,000 in pre-tax profits last year while Zopa Group, which includes their banking businesses lost £18.29 million; the loss is ...
Key Trends and Development Seen at LendIt Fintech Europe 2019
Business Insider’s Eleni Digalaki takes a close look at some of the key takeaways from LendIt Fintech Europe which took place in London on ...