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.
Global investments in fintech more than doubled in 2018, reaching a whopping $55.3bn and led mainly by surging Chinese investments.
GoCardless has secured $75m cash call to roll out its direct debit business payments network and open offices around the world.
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.
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.
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.