Etherecash raises up to $40m through its ICO

P2P cryptocurrency lending platform Etherecash has raised up to $40m through its ICO, with contributions coming from over 46,000 investors.

SalaryFits picks up €1.25m to connect banks to payrolls

SalaryFit has raised €1.25m in its first round of funding from Portugal 2020. The company is headquartered in Brazil but is a part of London accelerator Level 39.

Ford ploughs into FinTech with AutoFi investment

Auto giant Ford is making an investment in the FinTech space and backing auto financing startup AutoFi. The size of the investment in the San Francisco startup is undisclosed.

Nested squirrels away £120m in latest funding round

UK-based PropTech business Nested has raised £120m of new funding, bring the total amount raised for the venture to $165m.

Sonovate takes on £14m for contract recruitment financing

Sonovate has raised a new round of funding totaling £14m for its recruiter-financing business. The Series B round was led by Global Founders Capital.

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.

FinTech investor Third Prime looks to almost triple AUM with Fund II raise

Seed and Series A-stage venture capital house Third Prime is back in the fundraising market eyeing up to $60m for its second vehicle.

Roostify picks up an undisclosed amount of money in new round led by Santander...

Digital mortgage lending Roostify has filled its coffers with a new funding round led by Santander InnoVentures, the Santander Group’s FinTech venture capital fund.

Financeit grabs $17m to fund TD Bank acquisition

Point-of-sale financing provider Financeit has raised a $17m round of funding led by The Pritzker Organization and DNS Capital.

TruFin raises £70m through the sale of shares on LSE

TruFin, a FinTech and banking group, has raised £70m through the sale of ordinary shares on the London Stock Exchange.

News Stories

POS lending solution Affirm closes $500m Series G

Affirm, a buy now and pay later solution, has closed its Series G round on $500m.
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Solving the challenge of creating a customer-centric business model – Kidbrooke demo

A recent survey from PWC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.

Over 60% of InsurTechs and insurers are keen to work with BigTech companies

Over 60% of InsurTechs and insurers are looking to collaborate with BigTechs, as they look to keep up with changing customer demands, a new report claims.

Good services is more important to policyholders than pricing

New research claims the key to driving long-term relationships in home insurance is less about pricing and more about great services and reputation.

TCARE closes $3m in round led by SixThirty Ventures

TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.

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