Funding Societies said to raise $40m despite making staff cuts

Singaporean P2P lending platform Funding Societies has allegedly secured $40m in its Series C, despite the coronavirus forcing it to downsize.

KoinWorks raises $20m in a debt and equity round

KoinWorks, an Indonesia-based lending platform, has reportedly raised $20m in a funding round comprised of debt and equity.

Splitit boss lashes out against buy now, pay later rivals who “gauge and profiteer”...

The CEO of payment instalment startup Splitit has warned other buy now, pay later companies against trying to take advantage of vulnerable customers during the COVID-19 crisis.

FCA expects firms to freeze payments and to follow other financial relief measures to...

Last week the UK’s financial market regulator suggested a smattering of relief measures to protect people affected by the coronavirus. Now those measures have snapped into action.

How the coronavirus will affect different segments of the FinTech industry

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

Australia’s SocietyOne said to raise $15m in funding

Online lending platform SocietyOne has netted $15m in a new equity raise as it looks to further its growth.

Brazil P2P lending startup IOUU closes $1.3m round

IOUU, a peer-to-peer lending platform, has reportedly raised $1.3m in a funding round as it looks to develop several new products.

Elfin Market surges past crowdfunding target

Elfin Market, which is building a peer-to-peer lending credit card, has surpassed its initial crowdfunding target.

Funding Circle completes second US securitization

Funding Circle, a peer-to-peer lending marketplace for SMEs, has completed its $252m securitization.

Californian FinTech Migo bags $20m in new Series B round to tap into Latin...

San Francisco-headquartered FinTech Migo has announced that it has raised $20m in a new funding round.

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.