Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
LendTech
Salesforce invests in nCino
Cloud-based banking tech vendor nCino has reeled in investment from Salesforce Ventures.
UK SME lender Ezbob raises $21m from Russian PE firm
Investment from Moscow-based firm Da Vinci Capital Management.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
BlueVine boosts invoice factoring credit line to $5m
Small business lender doubles the size of its invoice factoring solution.
Kabbage expands line of credit
US alternative lending start-up now offering up to $250,000.
BNI Europa makes €50m Funding Circle in Germany
BNI Europa reckons investment will provide access to finance for around 600 companies.
LenddoEFL psychometric scoring solution launches in Vietnam
Entrepreneurial Finance Lab has furthered its reach across Asia.
StreetShares brings in $23m in equity funding
StreetShares has landed $23 million in equity funding, bringing total investment to $43 million.
Trussle rustles up mortgage monitoring service
Monitors over 11,000 mortgage deals from more than 90 lenders across the market.
Roostify integrates with LendingTree
Consumers can find a loan while Roostify keeps the mortgage origination process online.
LendingPoint adds POS financing with LoanHero buyout
US deal means it can extend its financial software and services to consumers making a major purchase.
Mambu banking engine powers Kreditech’s lending leap to India
Will expand into the sub-continent in early 2018, together with its partner PayU.
Cake4Good fintech charity bake off!
Where you can bake it! Fake it! Or buy it! In support of The House of St Barnabas.
New challenger bank on UK scene, Chetwood Financial
UK’s challenger bank scene has got a new entrant – Chetwood Financial.
Citi unleashes single digital platform for mortgages
Makes dual agreements to integrate its suite of US mortgage products into one platform.
New year, new us: say hello to FinTech Futures!
We’re starting 2018 with a bang!
CIBC acquires Wellington Financial for lendtech push
Buys loan assets as it seeks to strengthen its presence in North America.
Fintech funding round-up: 8 January 2018
Features IBM, Comcast, MState, Early Salary, Previse and Dinghy.
Funding Circle eyeing £1bn IPO
The firm is preparing to go public and plans to have advisors put in place to oversee.
Top five lendtech stories in 2017
Lend us your time, with a quick look at 2017 with Banking Technology’s top five lendtech stories.
nCino brings its Bank Operating System to world’s largest credit union
US-based Navy Federal Credit Union (NFCU) opts for nCino’s Bank Operating System.
Fintech funding round-up: 20 December 2017
Features Raisin, PayPal, Home Credit Venture Capital, Barion Payment and Cash Svidha.
Fiserv teams with TransUnion for loan origination system
Fiserv will integrate TransUnion’s CreditVision Link to increase precision of scoring and risk modeling.
Banking Technology Awards 2017: and the winners are….
The glamorous Banking Technology Awards 2017 took place on 13 December at the elegant Millennium Mayfair hotel in London.
Mambu powering Wenance’s Latin American expansion
Will be using its Software-as-a-Service (SaaS) core banking system.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Fintech funding round-up: 30 November 2017
Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]
Fintech funding round-up: 28 November 2017
No slowing down when it comes to the fintech funding action and this week we’ve got three of the latest stories for another ever-informative round-up. Featuring MoneyMe, TreasuryXpress and Chip.
Payments round-up: 23 November 2017
Coming straight after yesterday’s (22 November) summary, we present another brief payments round-up. Features Starling Bank and Yoyo Wallet getting loyal; chatty PayPal and Facebook Messenger; token time with Sequent and Interac; and Wirecard working with Capital Float in India. UK challenger bank Starling has teamed with Yoyo Wallet, a mobile payment and loyalty marketing […]
ING has a thing for data analytics
ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]
Robots have got OCBC’s retail banking backend covered
Hey humans! Feeling down? Well let’s get down some more. OCBC Bank has launched two robots to enhance internal backend processing speeds in its retail banking secured lending (CSL) and finance teams. The robot attached to the CSL team assists with housing loan re-pricing. This includes processing time, which “has been almost entirely reduced” (i.e. […]
Capital Home Loans swaps Computershare for Phoebus as lendtech provider
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
Fintech funding round-up: 20 November 2017
Coming straight after Friday’s (17 November) fintech funding action, here’s another round-up. Features Xiaomi’s interest in India, Bamboo Capital Partners, First Access, Allied Irish Banks and TransferMate. Chinese phone and appliances maker Xiaomi plans to invest around $1 billion in 100 start-ups in India over the next five years, according to chief executive Lei Jun […]
Kabbage expands small business funding with $200m credit facility
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based start-up received a new $200 million revolving credit facility from Credit Suisse bringing its total debt funding to $750 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Kabbage emphasised that this credit facility diversifies its funding sources, which will help it […]
China CITIC Bank and Baidu launch direct bank, AiBank
China’s internet giant Baidu and one of the country’s largest lenders, China CITIC Bank, have joined forces to launch a new direct bank, AiBank.
Fintech funding round-up: 17 November 2017
Following on from yesterday’s (16 November) fintech funding fun, here’s another summary. Features Flender, Tipigo Ventures, India Accelerator, Kuants, Sumeru and a handy $2 billion in Singapore. Return to Flender. Address known. As reported in May, peer-to-peer lending start-up Flender was seeking to get €1 million in funding and is targeting a UK launch after […]
BNP Paribas and Caple make European SME credit capable
BNP Paribas Asset Management (BNPP AM) has acquired a 10% stake in European credit provider Caple, allowing for a partnership to offer alternative credit to European small and medium-sized enterprises (SMEs).
TrueAccord lands $22m to humanise debt collection
Online debt collection service TrueAccord has received $22 million in funding – bringing its total amount to almost $34.5 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Leading the round was Arbor Ventures. A mix of existing and new investors, including Arbor, Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal […]
