Latest Alternative finance News: Finextra Research

Crypto monitoring firm Elliptic raises $23m

Cryptocurrency surveillance firm Elliptic has secured $23m of investment to fund its ongoing expansion in Asia

04 September 2019

Company update/payments

Curve raises £4m in minutes on Crowdcube

Curve, the over-the-top banking platform which consolidates multiple cards and accounts into one smart card and one even smarter app, has smashed records by raising £4million just minutes after launching its first ever crowdfunding campaign, making it the fastest startup to reach the figure in history.

03 September 2019

Company update/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.

03 September 2019

News/Alternative finance

M-Payment firms form Euro association

Seven mobile payment firms covering more than 25 million registered users are clubbing together to form the European Mobile Payment Systems Association (EMPSA) which its members say will foster collaboration and facilitate international payments.

03 September 2019

Company update/Alternative finance

Paysend hits 1m customers milestone

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

02 September 2019

Company update/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.

02 September 2019

Company update/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.

29 August 2019

Company update/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.

29 August 2019

Company update/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.

19 August 2019

Company update/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.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

Company update/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.

15 August 2019

Company update/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.

14 August 2019

News/Alternative finance

New Zealand backs salaries paid in cryptocurrencies

New Zealand based companies can now legally pay their employees in cryptocurrency, establishing the controversial asset class as a mainstream form of payment.

13 August 2019

Company update/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.

12 August 2019

Company update/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.

09 August 2019

News/Alternative finance

SoftBank leads $200 million investment round in C2FO

Working capital marketplace C2FO has raised $200 million in a funding round led by SoftBank Vision Fund.

08 August 2019

Company update/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.

08 August 2019

Company update/Alternative finance