The UK’s FCA launches new review of unsecured credit market
The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies
Prodigy Finance picks up $240m in funding and debt finance
Student loan platform Prodigy Finance has raised $40m for its Series C funding round and $200m in debt financing.
MPOWER Financing secures $150m facility with Goldman Sachs
MPOWER Financing, a mission-driven FinTech company specializing in non-cosigned loans for promising international students, announced the closure of a $150m revolving asset-backed warehouse facility with Goldman Sachs.
iwoca announces its buy now pay later service will be free during the UK’s...
Small business lender iwoca has will offer its invoice payments product iwocaPay for free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus.
70% of UK SMEs lean on FinTech lenders during cost of living crisis
Four in ten UK small and medium-sized businesses (SMEs) now prefer to tap into the services of FinTech lenders over mainstream banks, a marked shift in the world of business finance.
UK’s alternative lender ThinCats claws in £160m from Wafra Capital
Alternative lender to UK SMEs ThinCats secured a £160m strategic investment from Wafra Capital Partners (WCP).
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.
FinTech Collective seeks $100m for second fund
New York-based venture capital firm FinTech Collective aims to raise $100m for its second FinTech-dedicated fund.
Setscale revolutionises purchase order financing for SMBs with $9.5m raise
Setscale, a FinTech startup aiming to revolutionise purchase order financing for small and medium-sized businesses (SMBs), has announced raising $9.5m in seed funding and securing up to $70m in debt.
Philippines-based Uploan scores $15m to support growth of its salary loan platform
Philippines-based Uploan, which offers an end-to-end salary loan management platform, has reportedly collected $15m in debt financing.