News

29Jun2017

BlackRock takes €30m minority stake in Scalable Capital

Scalable Capital has completed a €30m funding round, led by asset management giant BlackRock alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures.

27Jun2017

Capgemini report finds fintechs beat banks on customer satisfaction

Fintechs should work with banks, and APIs will sort the winners from the losers as the world moves towards open banking.

22Jun2017

Fintech revolution only stalled, Accenture research claims

Fintech’s promise to transform finance has been stalled not killed and it is too early to judge what its long-term effects will be.

20Jun2017

Alternative finance firms, digital banks star in new FinTech50 list

The latest iteration of the FinTech50 list is out, and alternative finance providers and digital banks account for a fifth of its constituents. Atom Bank, Monzo, N26, Revolut and solarisBank AG make up the banking challengers, with MarketInvoice, Iwoca, LendInvest, RateSetter and Seedrs representing the alternative finance sector.

15Jun2017

Peer-to-peer lender RateSetter raises £13m, Woodford and Artemis lead

RateSetter, one of the UK’s “big three” peer-to-peer lenders, has scooped £13m in equity investment from existing backers. Investors in the round included well-known fund managers Woodford Investment Management and Artemis.

13Jun2017

Peer-to-peer lending giant Zopa confirms £32m fundraise

Zopa scoops £32m in a new investment round led by Indian conglomerate Wadhawan Group, as it looks ahead to bank-build.

08Jun2017

National Bank of Canada invests $6m in robo-adviser Nest Wealth

One of Canada’s Big Six takes a strategic investment in a robo-adviser startup, Nest Wealth. The Bank will also license the financial technology company's digital wealth management platform.

06Jun2017

Record week for marketplace lending securitisation tops $1.2bn

Last week saw the largest issuance of marketplace lending securitizations in the history of the nascent asset class with transactions totalling more than $1.23bn.

01Jun2017

Peer-to-peer lender appoints City veteran as chairman

RateSetter hires Prudential chairman Paul Manduca as non-executive chairman.