Alternative finance

290 articles tagged with this keyword

/Alternative finance

Barclays Bank takes stake in MarketInvoice

Barclays Bank is to take a minority equity stake in online invoice financing platform MarketInvoice and roll out the service to its large SME client base.

/Alternative finance

Microsoft and Nationwide invest $12m in online lender BlueVine

Online business lender BlueVine has topped up its $60 million Series E funding round with an additional $12 million from the venture arms of Microsoft and FS firm Nationwide.

/Alternative finance

FCA to tighten rules for loan-based crowdfunding platforms

The Financial Conduct Authority is updating its loan-based crowdfunding rules in the face of growing complexity and poor practices since it first authorised trading in the market 18 months ago.

/Alternative finance

Bitcoin cheerleader Novogratz backs crypto lending startup BlockFi

BlockFi, a startup that lets people and companies put down Bitcoin and Ether as collateral for US dollar loans, has raised $52.5 million from Galaxy Digital Ventures, a cryptocurrency and blockchain technology investment firm.

/Alternative finance

P2P lending firm Growth Street joins Starling Marketplace

Peer-to-peer business lender Growth Street is set to become the latest firm to go live on mobile bank Starling's in-app marketplace.

/Alternative finance

Zopa move back into the black

Peer-to-peer lender Zopa has returned to the black on the back of strong growth in revenue and money lent out.

/Alternative finance

SocGen buys renewable energy crowdfunding platform

Societe Generale has acquired Lumo, a French crowdfunding platform for renewable energy projects. Financial terms of the deal were not disclosed.

/Alternative finance

Collaboration in financial services is key in Latin America

Swift's Latin American Regional Conference in Miami had a clear focus on how new market entrants and developing technologies are dramatically changing the financial landscape in the region.

/Alternative finance

RBC unveils $3.2bn tech budget in digital push

Royal Bank of Canada (RBC) is planning to spend $3.2bn on technology this year in a bid to attract new customers looking for more digital banking services.

/Alternative finance

BlueVine raises $60m

BlueVine, an online startup that provides working capital to small businesses, has raised $60 million in a Series E funding round led by Menlo Ventures and joined by Silicon Valley Bank.

/Alternative finance

ING flexes fintech muscles

With Money20/20 about to open in Amsterdam, local bank ING is showing its innovation chops with a slew of announcements around SME financing, fintech investments and smart money management.

/Alternative finance

There are some things you just can't do with an app

Ian Rand CEO of Barclays Business banking extols the virtues of relationship banking as digital competition heats up.

/Alternative finance

NatWest outlines plans to grow digital lending offshoot Esme

NatWest has outlined plans to scale and grow its digital lending platform Esme Loans following a successful pilot phase.

/Alternative finance

FTC charges Lending Club over 'no hidden fees' claim

Lending Club has been charged by the Federal Trade Commission with deceiving customers by promising "no hidden fees" and then taking money from their accounts without authorisation.

/Alternative finance

Santander joins $55 million round in Creditas

Santander InnoVentures, the $200M fintech venture capital fund of Santander Group, has joined a $55 million funding round in Brazillian secured lending platform Creditas.

/Alternative finance

MarketInvoice joins NatWest Capital Connections panel

NatWest has added invoice finance platform MarketInvoice to its Capital Connections panel, which helps SMEs unable to borrow from banks get access to alternative sources of money.

/Alternative finance

Fifth Third joins $50m funding round for student lending platform CommonBond

Online student loan specialist CommonBond has closed a $50 million Series D funding round led by the venture arm of American bank Fifth Third.

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European Commission sets out 23-step 'Fintech Action Plan'

The European Commission has set out details of a 23-step 'Fintech Action Plan' to promote the digital transformation of the financial services sector, including the establishment of an EU Fintech Laboratory, the creation of a best-practices blueprint for regulatory sandboxes and substantial crowdfunding reforms.

/Alternative finance

Fintech group TruFin raises £70m

TruFin, a British fintech and banking business with fingers in various niche lending pies, has raised £70 million through a listing on the LSE's AIM market.

/Alternative finance

Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.