FCA concerned about credit firms allowing repeat borrowing
From: RegTech Analyst
The UK's top financial markets regulator is concerned about credit firms' practices after a review revealed that relending often leave vulnerable customers...
Abhi said to raise $2m in its seed funding round
Abhi, which helps employees get early access to accrued wages, has reportedly raised $2m in its seed funding round.
B2B buy now, pay later service Hokodo collects $40m
B2B buy now, pay later service provider Hokodo has picked up $40m in funding as it looks to expand into new European markets and build new products.
Prodigy Finance raises $750m as it targets growth in China, Singapore and South Korea
Prodigy Finance, which helps students access international student loans, has reportedly collected $750m in a funding round.
Intuit acquires SeedFi to bolster Credit Karma solution
Intuit, a developer of multiple leading FinTech services, has acquired SeedFi, which is the partner behind Credit Karma’s Credit Builder solution.
Ledn closes $30m Series A hot off the heels of former round
Ledn, a lending platform for digital assets, has followed up its recent funding round with the close of its Series A on $30m.
Two-thirds of UK millennials are now using buy now, pay later schemes
Two-thirds (67%) of UK millennials are using point-of-sale credit finance services, as appetite for the payment method increases across all age-ranges.
Invoice financing platform Investly surpasses crowdfunding target
Invoice financing platform Investly has surpassed its initial crowdfunding goal of £500,002.
ZestMoney nabs $6.5m for point-of-sale loans
Point of sale consumer lending startup ZestMoney has picked up $6.5m in Series A funding. The round was led by Indian online payments firm PayU.
PayBreak scores ?24.5m for latest funding round
UK-based point of sale lending platform PayBreak has scored a ?24.5m funding round.