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BlueVine hires PayPal vet Brodigan as chief commercial officer

BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer.

Tech Nation opens applications to scale up the new Monzo or Starling

/Alternative finance

Tech Nation opens applications to scale up the new Monzo or Starling

Entrepreneur network Tech Nation has opened applications for three of its growth programmes: Future Fifty, Upscale and Rising Stars. These initiatives have proved to be successful in the past with alumni including the likes of Monzo, Starling Bank, Funding Circle, Darktrace, Deliveroo and Skyscanner.

/Alternative finance

Wirecard to issue digital payout cards and virtual wallets for Credibly small business customers

Wirecard, the global innovation leader for digital financial technology, and Credibly, a US-based business funding fintech, have launched a new collaboration to digitalize Credibly’s funding disbursements.

/Alternative finance

Sonovate raises £110 million in debt and equity financing

Sonovate, the UK’s leading finance and back-office tech provider to recruitment agencies and consultancies, has secured £110million debt and equity finance, led by M&G Investments, MXB Holdings Inc, Dawn Capital and Rocket Internet SE.

/retail

Goeasy invests in PayBright

goeasy Ltd. (TSX: GSY), a leading provider of financial services for non-prime Canadians, announced today that it has entered into a strategic partnership and agreed to make a minority equity investment in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans.

Chinese official voices digital coin plans

/Alternative finance

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

Stripe gets into the lending game

/Alternative finance

Stripe gets into the lending game

Payments giant Stripe is stepping up its diversification efforts, launching a cash advancement service for the internet firms that already use its services.

/startups

Capcito raises EUR7m for SME financing platform

Capcito has closed an investment in the amount of EUR 7 million. Schibsted Growth and pan-European VC Ventech have joined owners SEB Venture Capital and Collector Ventures in support of Capcito’s next stage of growth.

Accion raises funds to invest in seed stage financial inclusion fintech startups

/inclusion

Accion raises funds to invest in seed stage financial inclusion fintech startups

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $23 million from investors and adding another $10 million from its own pocket.

/retail

LendingPoint closes inaugural securitization of consumer loans

LendingPoint, the company revolutionizing and democratizing commerce, announced today that it closed its inaugural securitization of consumer loans. LendingPoint Receivables Trust 2019-1 ("LDPT 2019-1") issued $177.85 million of notes backed by a pool of $187.22 million of direct-to-consumer loans originated on the LendingPoint platform.

/startups

Indonesian digital credit platform Kredivo secures $20m debt line

Jakarta-headquartered Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a leading venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to fund loans for Kredivo’s borrowers in Indonesia.

Crypto monitoring firm Elliptic raises $23m

/Alternative finance

Crypto monitoring firm Elliptic raises $23m

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

/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.

/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.

M-Payment firms form Euro association

/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.

/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.

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