Kabbage furloughs a “significant number” of employees because of the coronavirus

SoftBank-backed FinTech Kabbage has furloughed a “significant number” of its 500 US employees as it becomes the latest company to suffer from the global COVID-19 pandemic.

Tide CEO warns that the UK government’s measures to help SMEs through the crisis...

The UK government has unveiled a package to help SMEs. However, the boss of challenger bank Tide doubt the package will be enough.

FreeAgent unveils new Radar feature to boost small businesses’ accounting capabilities

UK FinTech FreeAgent has added another feature to its suite of cloud accounting software solutions for freelancers and small businesses.

French POS finance startup Alma closes new round

Buy now and pay later FinTech startup Alma has reportedly raised €12.5m in funding from Idinvest and Isai.

How the coronavirus will affect different segments of the FinTech industry

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...

The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.

FDIC gives Square conditional permission to open a bank

Square is one step closer to launching its bank in 2021 after the Federal Deposit Insurance Corporation (FDIC) board voted to conditionally approve the FinTech’s application for deposit insurance for its Industrial Loan Company bank charter.

iwoca releases new lending service to help SMEs with coronavirus impact

Small business loan provider iwoca has released a new OpenLending solution which hopes to help companies brace the troubles of COVID-19 (coronavirus).

Boro secures $12m Series A as it looks to increase US presence

Boro, a lending platform for students, has closed its Series A round on $12m as it looks to reach more states in the US.

Entertainment FinTech Purely Capital launches new platform on the back of $150m investment

Purely Capital has launched a FinTech platform to improve the process of financing film and TV production as well as boosting creators' cashflows.

News Stories

FundRock taps Zeidler’s due diligence services

FundRock, a UCITS management company and alternative investment fund manager, has chosen Zeidler to improve its conduct due diligence.

The UK’s FCA outlines priorities for the next year

The UK’s Financial Conduct Authority (FCA) has outlined its business priorities for the year ahead and has put a focus on challenges presented by the coronavirus crisis.

E-commerce fraud to exceed $25bn by 2024

E-commerce merchant losses caused by online payment fraud will exceed $25bn in 2024, a significant jump from the $17bn expected to occur in 2020, according to a study from Juniper Research.

Airbnb raises $1bn to tackle the coronavirus crisis

PropTech giant Airbnb has raised $1bn as it is dealing with a massive drop in business after COVID-19 caused huge disruptions in the travel industry.

BukuWarung said to close seed funding to help it grow its market presence

Indonesia bookkeeping app BukuWarung has reportedly closed a seed funding round which was led by East Ventures.