Barclays and HSBC have both connected with small business lender iwoca, making full use of the opportunities presented by open banking.
The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.
Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.
From cybersecurity startups to challenger banks, let's take a deep dive into the FinTech companies raising money over the past week.
P2P lending marketplace Mintos has pulled in €5m for its Series A round, which will help provide its customers with personal IBAN accounts and debit cards.
Online lending platform Avail Finance has closed an $17.2m investment led by Matrix Partners India.
P2P lending app Orca has sailed past its £500,000 target for its crowdfunding campaign.
India-based Lendingkart Finance has reportedly secured a $24.9m from a mix of debt and equity.
After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.
ProgCap, which supplies micro and small enterprises in India customised financing, has reportedly raised $5m in funding.