French digital startup Memo Bank raises €20m

FinTech Memo Bank has raised €20m in a Series A round led by BlackFin Capital.

Qupital revealed as one of eBay’s recommended financing service providers in Hong Kong

Trade financing platform Qupital has inked a deal with eBay to become one of its officially recommended financing service providers in Hong Kong.

ScaleFactor forced to shut down operations because of Covid-19 despite having raised over $100m

Bookkeeping and payroll FinTech startup ScaleFactor shuts down operations after raising over $100m in just over a year.

Latin American digital SME lender BizCapital raises $12m in Series B round

Brazilian online lender BizCapital has bagged $12m in a new funding round as it moves to develop more products to support small businesses' financing needs.

Revolut unveils open banking feature for retail and business customers in Ireland

Neobank Revolut boasts having over one million retail and business customers who can from now on enjoy the FinTech unicorn's new open banking feature.

27 FinTech funding rounds from the last week that could show how a post-coronavirus...

From InsurTech startups to cybersecurity ventures, the past week has seen several FinTech firms find funding to help them grow despite the global pandemic.

PayPal says black lives matter and commits to a $530m pot to support black...

PayPal has announced that it has had enough of racial inequality in the US and has made a $530m commitment to support black and minority-owned businesses and communities across the nation.

Harvest Returns has raised over $5m in global private farming opportunities

Agriculture investment platform Harvest Returns passes significant milestone by raising over $5m in global private placement farming opportunities.

SME lending platform Teylor closes CHF $8m funding round

Teylor, a SME lending platform based in Switzerland, has closed its funding round on CHF 8m ($8.3m).

OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders

The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.

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.