News
N26 valued at $3.5bn after new investment
N26 has raised new funds from investors giving it a valuation of $3.5bn, making the German digital bank one of Europe’s most valuable fintech start ups.
Jaja snaps up Bank of Ireland’s UK credit card business for £530m
Digital credit firm Jaja Finance has bought Bank of Ireland’s (BoI) British credit card portfolio for £530m in a bid to “become a major player in the UK credit card market”.
Fund manager launches new €100m direct lending fund
Certior Capital has closed its latest private credit fund, €100m Certior Credit Opportunities Fund II, aimed at the direct lending space.
Monzo, the UK challenger bank, raises £113M Series F led by YC’s Continuity fund
Monzo, the fast-growing U.K.-based challenger bank with more than two million account holders, has raised £113 million (~$144m) in additional funding.
Funding Circle strikes €50m loans deal with Sweden’s Avida Finans
Funding Circle has struck a deal with Swedish finance house Avida Finans to lend an initial €50m to small firms in Germany and the Netherlands this year.
HSBC launches digital mortgage platform with help from Roostify
One of the world’s largest banks is about to join the digital mortgage revolution, as HSBC Bank USA, the U.S. arm of HSBC Group, announced that it is partnering with Roostify to launch a digital mortgage platform.
Dawn Capital raises $125m fintech fund
Daw Capital, a venture capital fund manager focused on B2B software and fintech, has secured a $125m pot from investors including British Patient Capital, family offices and other institutions across Europe and the US.
PayPal reveals its involvement in Tink’s €56m Series D
As part of its Series D in February Swedish fintech Tink posted an impressive roster of investors including Insight Venture Partners, Christian Clausen, former chairman of the European Banking Federation, and Revolut founder Nikolay Storonsky.
Softbank in talks to invest in Brazilian fintech Nubank
SAO PAULO, June 6 (Reuters) - Japan’s Softbank Group Corp is in talks to invest in Brazilian financial technology company Nubank, a source said.