HM Treasury is offering £2 million to budding entrepreneurs who can develop an application that will enable Britain’s 11 million renters to record and share their rent payment data, helping to improve their credit scores and their chances of getting a mortgage.
BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance.
Alibaba, Credit Suisse, and the World Bank's International Finance Corporation have joined in a $220 miliion Series B and debt financing round for Hong Kong-based mobile lender WeLab.
Santander InnoVentures has joined a $6 million funding round for PayJoy, a San Francisco-based startup working to help underbanked people buy smartphones.
San Francisco-based fintech startup Earnest is opening a second location in Utah, adding up to 500 jobs to the community and $5.6 million in capital investment over the next five years.