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.

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.

Hometap closes doors on $100m funding round

Hometap, which enables homeowners to tap into their home equity without taking out a loan, has raised $100m in funding.

Starling bank becomes second challenger bank to raise overdraft fees for people with bad...

Hot on the heels of Monzo, Starling Bank has changed its overdraft fee rules on the back of a Financial Conduct Authority (FCA) decision.

TSB picks Iress’ Lender Connect solution to slash the time needed to apply to...

Applying for a mortgage might become easier at TSB Bank in the future as the company has decided to leverage FinTech firm Iress’ technology.

Alternative lending platform Student Finance nets €1.15m

Student Finance, a startup offering students an alternative to a loan, has reportedly raised €1.15m in a funding round.

Hastee closes £208m round to better help employees get early access to salaries

Employee benefits company Hastee has netted £208m in its funding round to support the growth of its services.

Funding Xchange has bagged £8m in new funding round led by Downing Ventures and...

London-based FinTech Funding Xchange has secured £8m in a new funding round, leaving the door open for the company to accelerate the development and rollout of new solutions.

OneConnect support the launch of two smart lending platforms in Asia

FinTech company OneConnect has teamed up with Union Bank of the Philippines (UnionBank) and Sinar Mas Multi-finance, a subsidiary of Sinar Mas Multiartha, to launch two new lending platforms in South-East Asia.

Pintek said to raise pre-Series A funding

Pintek, a Jakarta-based lending platform for accessing education, has allegedly secured an undisclosed pre-Series A round.

News Stories

P&N Bank reveals what data was leaked in recent breach

P&N Bank has revealed passwords and credit card details were not exposed during its recent data breach.

Equifax reportedly to pay $1.38bn for 2017 data breach

Credit score company Equifax is reportedly set to pay $1.38bn as a settlement to its major data breach back in 2017.

Travelex has recovered some of its systems after being crippled by a ransomware attack...

Foreign exchange company Travelex has started to recover some of the services it was forced to close down due to a virus discovered on New Year’s Eve.

Hackers the leading cybersecurity concern for business leaders

A new report from digital service and consulting firm Infosys has unveiled the biggest cybersecurity concerns for companies.

Revolut eyeing funding round which would bring its valuation to $5bn

UK challenger bank Revolut is reportedly eying a new funding round which would value the business at $5bn (£3.85bn).