Equiniti acquires end-to-end loan management provider Nostrum

Payment and administration services provider Equiniti Group has acquired end-to-end loan management provider Nostrum.

MoneyTap raises $12.3m in round led by Sequoia Capital India

Lending app MoneyTap has reportedly raised $12.3m in its latest funding round led by Sequoia Capital India.

Home loans platform RenoFi said to secure $6.4m in its Series A round

RenoFi, which helps consumers to find home renovation loans, has reportedly secured $6.4m in its Series A funding round.

Braviant Holdings nets $5m funding from Loom Capital

Lending analytics and technology company Braviant Holdings has netted $5m in funding from Loom Capital.

Argentina-based Properati bags funding from Big Data Scoring

Argentina-based Properati has bagged an undisclosed funding round from Big Data Scoring, which is a global credit scoring platform.

PayPal says black lives matter and commits to a $530m pot to support black...

PayPal has announced that it has had enough of racial inequality in the US and has made a $530m commitment to support black and minority-owned businesses and communities across the nation.

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.

Paidy raises $55m in its Series C led by ITOCHU

Paidy, which offers credit lines at during online shopping purchases, has raised $55m in a Series C round.

Prodigy closes $5.4m Seed round led by 8VC, Battery, SV Angel

Auto trading platform Prodigy has closed a $5.4m Seed funding round led by a group of venture capital firms.

SimpleFinance bags $15m in funding from SBI

Moscow-based SimpleFinance has bagged $15m in equity funding from SBI Investments.

News Stories

Mobile wallet market expected to be worth $7.58trn by 2027

The mobile wallet market size was valued at $1.04trn in 2019 and is projected to reach $7.58trn by 2027, growing at a compound annual growth rate of of 28.2% from 2020 to 2027, according to new research.

For Good Causes expands its charitable efforts beyond the loyalty sector

UK FinTech company For Good Causes is expanding beyond the loyalty sector, having already enabled consumers to donate their loyalty points, cash back and air miles to over 20,000 charities.

German prosecutors have arrested the chief executive of Wirecard’s Dubai unit Cardsystems

The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.

Why the founders behind Monument think there’s still room for another UK neobank

Challenger bank Monument has revealed that it is in the later stages of an application process to get a UK banking licence in order to launch a service for affluent clients.

Italian digital banking project raise €45m as the nation is still dealing with Covid-19

Italian banking executives have raised €45m ($50.9m) in a bid to launch a digital bank in a country still dealing with the coronavirus fallout.