Wonga said to raise £10m to support paying off compensation claims

Payday lender Wonga has reportedly raised £10m in a new round of funding to help it fund compensation claims.

The European Parliament comes to agreement on new crowdfunding rules

The European Parliament (EP) has achieved an agreement with the European Council on new EU-wide rules for crowdfunding.

Tinkoff Investments launches open API for algorithmic traders

Tinkoff Investments, a brokerage platform, has launched an open application programming interface (API) for algorithmic traders to help them create robots and establish automated trading.

New York prohibits establishments declining cash payments

The New York City Council has prohibited food and retail establishments from refusing to accept payments in cash.

B-North partners with Wiserfunding for SME credit risk assessment

SME finance bank B-North has picked Wiserfunding as its risk grading partner, hoping to use its credit risk assessment tools to evaluate small businesses' credit.

Shujinko lands $2.8m to automate compliance work in the cloud

Shujinko, a Seattle-based cloud security compliance platform, has emerged from stealth with $2.8m in seed funding.

Fractal brings in seed funding to make ICOs compliant

Fractal, a Berlin, Germany-based blockchain technology looking to make ICOs compliant, has raised seed funding.

UK challenger banks like Revolut, Monzo and Starling Bank almost tripled their customer base...

While British neobanks gained six million new customers in the last six months of 2019, losses and the looming threat of big tech are issues they still need to take seriously.

Bambora partners with Payworks to launch new integrated POS solution

Bambora has partnered with POS developer Payworks to launch Bambora Connect, an integrated and international solution for POS providers and their merchants.

iTouzi grabs $36m for peer-to-corporation lending

Beijing-based peer-to-peer business lender iTouzi has scored $36m in a Series B round of funding. The capital comes from Sino Fortune and individual investor is Sun Jiexiao.

News Stories

VPay joins Guidewire’s PartnerConnect

Claims payment solution provider VPay has joined the Guidewire PartnerConnect as a solution partner.

RegTech software developer Thentia secures investment from Business Development Bank of Canada

Thentia, which helps companies meet their regulatory requirements, has bagged a Series A investment from the Business Development Bank of Canada (DBC).

Eduvanz bags $3m in new investment round

Student loan startup Eduvanz has secured $3m in a Series A round led by Sequoia's SCI Investment VI fund.

Money management app Sync. said to raise $5.5m in its seed round

Account aggregation service Sync. has reportedly netted £5.5m in a seed funding round to support its European expansion.

PropTech platform Zibo said to raise $10.5m in funding

Zibo, a payments and financial management app for landlords, has reportedly landed $10.5m in its funding round.