Alternative finance

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/Alternative finance

B-North selects Mambu for core banking

B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Mambu, the SaaS banking engine, to provide its core banking technology.

/Alternative finance

Paysend hits 1m customers milestone

Paysend, the UK-based fintech business, has reached one million customers for its Global Transfers service.

/Alternative finance

Wirecard and Brightstar sign MoU for digital finance

Wirecard, the global innovation leader for digital financial technology, and Brightstar, a worldwide leader in device lifecycle management, have signed a Memorandum Of Understanding (MOU) with the goal of collaborating in the areas of digital consumer lending, payment acceptance processing and card issuing.

/Alternative finance

Monevo joins forces with usave

Monevo, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access to credit, usave.

/retail

Fourex seeks to raise £900k on Crowdcube

After its successful crowd fund in 2015 which raised more than £670,000 and 243% of the initial target, Fourex are back to seek investment once again in their fast-growing foreign currency business.

/Alternative finance

AIB mobile app reaches one million users with spending data

AIB has announced that over one million users across Ireland are now using the AIB Mobile App, making it the number one Irish banking app – further solidifying AIB’s position as Ireland’s most digitally enabled bank. In 2018 alone there were over 325 million customer interactions on the AIB Mobile App, with customers using the app 36 times a month on average. To celebrate the success of the app AIB is sharing anonymised and aggregated data to reveal consumer trends.

/Alternative finance

BrickVest launches second Employee Participation Fund

BrickVest, the London-based online real estate investment platform, has launched its second Employee Participation Fund (‘EPF’) in partnership with BEOS, the German commercial property specialist, part of the Swiss Life Asset Managers family since August 2018.

/startups

SellersFunding launches in the UK and Canada

SellersFunding, a data-driven alternative lending platform, today announced its expansion into the UK and Canada, where e-commerce sellers will now have the opportunity to leverage the company’s unique solutions designed to help them obtain, optimize and manage their funding.

/devops

Biz2Credit to spend $10 million on staff training

Biz2Credit Inc., the leader in online digital SME finance platforms, today announced that it is committing more than $10 million in a technology training initiative designed to further enhance the skills of more than 100 of its employees globally in areas such as software engineering, AI, data analytics, and IT support.

/Alternative finance

LendInvest secures £200 million financing package from the National Australia Bank

LendInvest, the UK’s leading marketplace for property finance, has received £200 million investment from the National Australia Bank (NAB), one of Australia’s largest banks.

/Alternative finance

ScaleFactor closes $60 million Series C funding round

ScaleFactor, the intelligent finance and automated accounting platform, today announced that it raised a $60 million Series C funding round led by Coatue.

/startups

FinMkt closes $5 million Series B

FinMkt, a leading New York-based B2B fintech solutions provider, announced today the close of its $5 million Series B preferred equity round led by FINTOP Capital with participation from existing investors including ManchesterStory Group and West Loop Ventures.

/Alternative finance

LiquidX adds DBS to platform; expands Singapore office

LiquidX, the global network for illiquid assets, is excited to welcome DBS Bank to its network.

/startups

Hokodo awarded €2m by Horizon 2020 to free SMEs from unpaid invoices

Hokodo, the UK fintech startup, has been awarded €2m by Horizon 2020, the funding programme for research and innovation run by the European Commission.

/Alternative finance

Capital on Tap turns to Marqeta for payments processing

Capital on Tap, one of the UK’s fastest growing companies, announced today that it is partnering with Marqeta, the leading global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises.

/Alternative finance

WorldPay and ClearBank founder Nick Ogden joins Funding Options’ board

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

/Alternative finance

EPA calls for wider account access

The Emerging Payments Association (EPA) has today published its response to the publication of UK Finance’s good practice guidelines on Access to Payment Account services.

/retail

Kabbage gets $200m revolving credit facility

Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online funding.

/Alternative finance

N26 makes mobile transfers available to UK users

N26, Europe’s largest digital bank, has introduced MoneyBeam for its UK users, allowing them to send money instantly to fellow N26 users.

/Alternative finance

LendingCrowd appoints chief risk and compliance officer

LendingCrowd, Scotland’s only fintech lending platform, has appointed Robbie McKenzie to the newly created post of General Counsel and Chief Risk & Compliance Officer.