SteadyPay has secured £2.9m in funding as it looks to reach 5,000 customers

SteadyPay, an app which helps freelancers access short-term loans, has reportedly secured £2.9m in equity and debt funding.

TONIK has selected the Finastra to power its banking infrastructure

Digital bank TONIK has picked Finastra’s Fusion Essence for its end-to-end core banking capabilities.

Qonto closes $115m Series C round

French challenger bank Qonto has closed a new investment round to boost its customer numbers, but not like you may think.

Shopify launches starter loans for budding online merchants

The Canadian e-commerce company Shopify has announced that it wants to help SMEs trade things on the web by launching starter loans.

Lending startup Klub said to raise pre-seed funding whilst in sealth mode

Klub, a growth capital platform currently in stealth, has reportedly closed a $2m pre-seed funding round.

Fusion Microfinance said to raise $70.6m in funding round

Fusion Microfinance, an India-based micro lending platform, has reportedly raised INR 500 Crore ($70.6m) in its latest funding round.

PayU buys controlling stake in FinTech PaySense at a $185m valuation

Dutch PayTech company PayU has acquired a controlling stake in Indian FinTech startup PaySense. It plans to merge it with its consumer lending business...

California’s DOB halts lending capabilities of Sezzle after deeming illegal activity

The California Department of Business Oversight (DBO) has denied point-of-sale (POS) lender Sezzle to offer loans after finding it engaged with illegal unlicensed lending.

B-North closes funding round as it gears up for launch

SME lending bank B-North has closed its latest crowdfunding campaign in excess of £2m.

ZestMoney said to raise $15m in Series B

POS lending platform ZestMoney has reportedly raised $15m in a Series B round led by Goldman Sachs.

News Stories

Seven of the top 10 InsurTech deals in Asia were raised by companies in...

InsurTech companies in Asia present an attractive investment opportunity due to the many underinsured population groups present across the region. The traditional insurance market...

Travelex’s offerings are finally back online after almost a months’ outage caused by a...

From: RegTech Analyst Travelex’s foreign exchange services were crippled on New Year’s Eve when the company discovered a ransomware in its system. Almost a month later, Travelex...

UK consumer confidence doubles over the past decade

UK consumer confidence in financial institutions has doubled since 2010, according to research from Harris Interactive.

CFTC slams trader with $10m fine

A US regulator has fined a commodity pool operator over $10m for allegedly filling misleading statements and failing to implementing an adequate supervisory system to prevent such misstatements.

AppOmni collets $10m in Series A led by ClearSky

AppOmni, a SaaS security and management platform, has collected $10m in its Series A which was led by ClearSky.