News

21Mar2019

Payments firm lands £20m from HSBC as it rolls out fast settlements network

Payments firm Proactis has secured £20m from high street giant HSBC as it prepares to launch a new system to speed up settlements to cash-strapped small businesses.

19Mar2019

China led 2018 fintech funding, with the UK still punching above its weight

Global investments in fintech more than doubled in 2018, reaching a whopping $55.3bn and led mainly by surging Chinese investments.

14Mar2019

GoCardless lands $75m cash call for global roll out

GoCardless has secured $75m cash call to roll out its direct debit business payments network and open offices around the world.

12Mar2019

iwoca raises £150m in equity and debt capital

Small business lender iwoca has secured a new £150m funding line, a blend of equity and debt capital, bringing the platform’s total funding to £350m.

07Mar2019

Vitruvian puts German fintech Smava up for sale

Buyout group Vitruvian is putting German consumer credit online platform Smava up for sale, people close to the matter said. The private equity firm has asked investment banks to pitch for roles in a potential sale or initial public offering of the fintech, which may fetch up to $500 million, the people said.

05Mar2019

German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Auxmoney is the largest credit marketplace in Continental Europe. It issued new loans totaling €551 million last year.