Tandem scraps its credit card and suffers down round whilst eyeing new home financial...

UK challenger bank Tandem is getting rid of its credit card line since it proved too costly and will now pivot towards homeowner financing after potentially having suffered a down round.

PropertyGuru scores $220m in private equity led funding round

Southeast Asia PropTech platform PropertyGuru has scored $220m in a new funding round that will help the company meet the rapidly evolving needs of the market.

Esusu extends seed round with another $2.3m

Katapult Accelerator almuni Esusu has bagged $2.3m in a seed extension round, bringing the total raised in this round to $4m.

IMMO Investment Technologies said to secure a €3m Series A extension

IMMO Investment Technologies has reportedly netted an additional €3m for its Series A round, which initially closed on $11m.

29 FinTech funding rounds from the last week that you can’t afford to miss

While Robinhood's massive Series G round may have secured the most headlines last week, InsurTech and PropTech ventures bagged the most capital injections.

PropTech platform Offr said to raise £2.7m in its seed round

PropTech platform Offr has reportedly nabbed £2.7m in its seed round, which will support its international expansion.

PropTech platform EasyKnock closes $5m Series B round

EasyKnock, an institutionalised residential sale-leaseback company, has scored $5m in its Series B from Viola FinTech.

It’s official: Airbnb is going public

Airbnb has filed to go public confidentially, which makes an initial public offering likely within the next few months.

Global PropTech investment declined in 2020 due to economic hardships caused by Covid-19

The sector saw a sharp slowdown in funding from the second half of last year as social distancing brought real estate transactions to a halt.

Vida signs deal with Zoot to create a mortgage platform

Mortgage lender Vida has inked a new partnership with data management and analytics company Zoot to develop a digitally focused mortgage journey built around intermediaries.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

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

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