Alternative finance

257 articles tagged with this keyword

/Alternative finance

Zopa tops up funding round for new digital bank

Zopa has topped up its latest funding round, which has closed out at £60 million, giving the peer-to-peer lending pioneer a war chest for the upcoming launch of its digital challenger bank.

/Alternative finance

Open Banking comes to small business lending with Lloyds and iwoca

Iwoca has become the first small business lender to use Open Banking rules to connect with one of the UK's largest banks, enabling customers of Lloyds Bank to submit their transaction history and apply for a loan.

/payments

TransferGo turns to Seedrs for EUR11.5 million crowdfunding round

Remittance outfit TransferGo is to run a EUR11.5 million equity crowdfunding campaign on Seedrs.

/Alternative finance

Upgrade scores $62 million investment round

Upgrade, the consumer credit platform launched by former LendingClub Chief Renaud Laplanche, has closed a $62 million Series C round led by China's CreditEase Fintech Investment Fund.

/Alternative finance

WeChat Pay launches in Malaysia

WeChat, China's most popular social media app, has launched its digital payments service, WeChat Pay, in Malaysia, marking its first product to be released in Asia outside of China and Hong Kong.

/Alternative finance

Zopa raises £44 million to support digital bank launch

Peer-to-peer lender Zopa has scooped £44 million in funding as it lays the groundwork for the launch of its new digital challenger bank.

/Alternative finance

Revolut crowdfunders are realising a handsome return on their investments

Investors who backed money transfer startup Revolut during a crowdfunding round two years ago have now realised returns of 19x on their original investments, according to data from Crowdcube.

/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.