Digital lending platform Capital on Tap has secured a $200m funding facility from HSBC and Värde Partners.
CapitalStackers has received full authorization from the FCA also allowing them to begin the process for offering the innovative finance individual savings account to their investors; CapitalStackers provides secured loans to real estate developers; says investors can receive double digit returns up to 20%. Source
South African bank Capitec could be acquiring up to 49% of European online lender Creamfinance; the bank has structured an investment deal with three tranches totaling 21 million euros ($22.81 million) and an additional financing round which could include an additional 5.4 million euros ($5.9 million) if shareholders choose to sell an additional 9% stake in the company; Creamfinance provides online consumer loans in six global markets: Poland, Latvia, Georgia, the Czech Republic, Mexico and Denmark; Capitec says it has been analyzing international investments and sees Creamfinance as a good fit because of its business model and specifically its technology-driven approach. Source
WiPay, the Caribbean’s online payment facilitator, has chosen Amsterdam-based Fraudios’ technology as an intelligent solution for fraud management.
Digital and contactless payments are accelerating during the pandemic which leaves cash in a precarious position; cash is still being...
Cashplus Bank, the leading SME fintech, today announces it will launch a UK-first Business Creditbuilder tool in partnership with Equifax, aimed to increase accessibility to lending for the 65% of new UK businesses who are refused access to credit. Available as a free add-on to fee based Cashplus business accounts, the feature will structure the...
CB Insights held a webinar discussing fintech trends in Europe; top trends included insurtech expansion, blockchain, open banking and the changing financial services infrastructure; reports that European fintech has raised $2.637 billion in 2017 from 300 deals with record financing in the first quarter of $1.1 billion. Source
CB Insights has released their latest report which highlights investments in fintech and sector trends to watch; they found in...
Globally, investigation into how CBDCs will be designed is being done. With Web3 development in the sidelines, banks could be affected.
CBDCs have the potential to make a significant impact on global finance, but appropriate safeguards need to be in place, an official from the Monetary Authority of Singapore (MAS) said today. The industry gathered for the Singapore FinTech Festival, where one of the presenters was