Marketplace Lending

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
fintech insurtech wealthtech regtech ai cybertech esg news

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 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

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 insurtech wealthtech regtech ai cybertech esg news

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 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.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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