Raise.me pockets $12m to change student loans

College financing app Raise.me has scored $12m in Series A funding to offer micro-scholarships. Redpoint Ventures led the round.

Mortgage Cadence adds DataVerify to boost data verification and fraud prevention

Mortgage Cadence has added the DataVerify capabilities to its loan-origination platform to support data verification, fraud prevention, and compliance assistance.

Chinese authorities raid peer-to-peer lender’s offices

The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group.

Ireland’s CreditLogic said to raise €1.5m in its seed round

Irish FinTech startup CreditLogic has reportedly raised €1.5m in its seed round and launched its new Virtual Assistance feature.

SecFi scores $1m investment to support its product development

Financing solution provider SecFi has scored a $1m investment, as more employees seek shares in the company they work in, according to SecFi founder Wouter Witvoet.

How can RegTech companies ensure their use of AI is done in an ethical...

Many RegTech ventures use artificial intelligence, but when they do it is essential that they do so in an ethical way.

Credit Peers raises £45m in its latest funding round

UK-based P2B Credit Peers has received £45m in its latest funding round from a European investment management firm.

Online lending platform Avail Finance bags $17.2m round

Online lending platform Avail Finance has closed an $17.2m investment led by Matrix Partners India.

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.

Credit platform Koto said to raise £1.3m in its funding round

Koto has launched its services after reportedly closing a £1.3m funding round, as it looks to reach 50,000 users in the UK.

News Stories

What wealth managers should look for when digitising client relationship management

Digitalisation of client relationship management is now a critical part of wealth management and firms need to automate admin tasks to foster engagement, according to WealthObjects CEO and founder Uday Bhaskar Nimmakayala.

Payments platform PPRO reaches unicorn status after funding round

Local payments platform-as-a-service PPRO has hit the unicorn status, after a $180m funding round puts its valuation to more than $1bn.

Australian FinTech funding set a new record despite deal activity plummeting amid extended lockdowns

Australian FinTech achieved another record year, but medium-sized businesses found it harder to attract investors as Covid-19 swept across the nation.

Accounting platform Trovata collects $20m in its Series A funding round

Open banking platform Trovata has reportedly collected $20m in its Series A funding round, which was led by Wells Fargo Strategic Capital.

Don’t forget to update your permissions warns the FCA

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.
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