Iwoca Raises £100mn for CBILS Lending
Online small business lender iwoca has raised £100mn to help deliver loans through the CBILS program; the capital came from an undisclosed investor; ...
More News for August 3, 2020
For What Future Are We Building Bitcoin? Working to understand Affirm’s reported IPO pricing hopes ...
Monzo Reports £114M Loss With a Bleak Future Outlook
Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that in 2019 they lost £113.8 ...
More News for July 31, 2020
WeLab Bank launches in Hong Kong JetClosing Raises $9M in Series B Funding How Payments ...
UK Current Account Switches Hit Record Lows
Only 98,192 account switches took place in Q2 2020, down 65 percent from Q1 when more than 280,000 switches took place; banks increased their ...
SoftBank Faces Blow to Reputation over Wirecard Investment
Several SoftBank executives held calls last month to discuss potential legal risks with their large investment into Wirecard so soon before the payments company ...
UK’s FCA Tells Finance Firms to Better Protect Customers
The UK’s Financial Conduct Authority ordered financial firms to do more to protect vulnerable customers; the FCA issued the order after finding that nearly ...
More News for July 30, 2020
Banks call on Congress to freeze new ILC approvals How the pandemic is propelling Zelle ...
Remitly Raises $85M at a $1.5B Valuation
Remittance fintech Remitly has announced it has raised $85 million in equity at a $1.5 billion valuation, an up round compared to its Series E ...
TransferWise Valued at $5bn in Secondary Sale
TransferWise sold $319mn worth of shares to early investors and employees that valued the fintech at $5bn; the company’s valuation jumped by 40 percent ...