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.

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.

News Stories

Millennials less aware about phishing threats than other age groups as nine out of...

Just because they are digitally native, it doesn’t mean that millennials are better at cybersecurity than their older peers.

Pine Labs secures investment from Mastercard

Pine Labs, a payment acceptance software builder, has received an investment from Mastercard as part of a new partnership.

BNP Paribas boosts partnership with Tink to reach Italian customers

BNP Paribas has extended its partnership with open banking platform Tink to supply its customers with more personal finance tools.

Banks refuse to reimburse fraud if consumer ignores any warning message

Banks are refusing to cover losses in fraud cases if they can prove they show fraud warnings at the point of purchase, according to a study from Which? Money.

Businesses suffer longer system outages due to ransomware attacks

Ransomware attacks are becoming more severe with businesses suffering from infections being out for up to 16.2 days on average, up from 12.1 days in the third quarter of 2019.