Other Lending

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 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.
fintech insurtech wealthtech regtech ai cybertech esg news

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.

News Stories

New Zealand’s central bank unveils climate risk management blueprint for finance

The Reserve Bank of New Zealand – Te Pūtea Matua has taken a significant step towards fostering a stable financial system in New Zealand with the publication of a new Guidance aimed at helping regulated entities manage climate risks.

Philippines steps up financial innovation with new payment systems regulations

The Bangko Sentral ng Pilipinas (BSP) has introduced the Manual of Regulations for Payment Systems (MORPS),
FCA

FCA cracks down on misleading financial ads on social media

The FCA has issued a clarion call to firms and finfluencers on the imperative of maintaining legality and clarity in their social media advertisements.
How wealth management firms can get ready for generative AI

How wealth management firms can get ready for generative AI

Earlier this month, OpenAI unveiled its latest advancement in the world of generative AI, Sora. Unlike ChatGPT, its previous revolution in the world of generative AI, Sora allows users to build realistic videos from simple text instructions, potentially providing businesses with another tool to transform operations, such as marketing.
Vayana TradeXchange and Arqit forge partnership to revolutionise global trade finance

Vayana TradeXchange and Arqit forge partnership to revolutionise global trade finance

Vayana TradeXchange has announced a groundbreaking partnership with Arqit Quantum, also known as Arqit. This collaboration is set to harness Arqit’s TradeSecure™ digital negotiable instrument technology to revolutionise international supply chains.

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