Non-bank competitors

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/Non-bank competitors

Tesco extends mobile payments app to all UK stores

Tesco is making it faster and easier for customers to pay for their shopping by extending the availability of its mobile payments app, PayQwiq, to every Tesco store in the UK.

/Non-bank competitors

Azimo signs former Gunner Kanu for Nigerian glory

Azimo, the online digital money transfer service, has announced the signing of legendary former Arsenal and Nigeria striker Kanu Nwankwo as a brand ambassador to help bring low cost online money transfer to the Nigerian community.

US regulator cites fintech as risk to banking system

/Non-bank competitors

US regulator cites fintech as risk to banking system

Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).

P2P lender gets £40m boost from UK government

/Non-bank competitors

P2P lender gets £40m boost from UK government

UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.

Indonesia issues new rules for fintechs

/Non-bank competitors

Indonesia issues new rules for fintechs

The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.

Paytm gets RBI nod for payments bank launch

/Non-bank competitors

Paytm gets RBI nod for payments bank launch

Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.

Monese raises $10m to expand mobile banking service for immigrants into Europe

/Non-bank competitors

Monese raises $10m to expand mobile banking service for immigrants into Europe

Monese, a London-based digital banking service targeting immigrants that have trouble opening accounts with traditional high street players, has raised $10 million to help it expand into mainland Europe.

House of Fraser invests £35m in neobank Tandem

/Non-bank competitors

House of Fraser invests £35m in neobank Tandem

A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.

/Non-bank competitors

Rakuten invests EUR10m in Kreditech

Kreditech, the leading consumer finance company, has raised EUR 10m equity from Rakuten, Inc.

/Non-bank competitors

FCA-accredited P2P short term lender launches

The Money Platform, the UK’s only FCA accredited peer to peer (P2P) short-term lender, has launched today. After only two months, the company has already seen high demand from both borrowers and lenders during a highly successful beta test/soft launch.

Asic launches licence exemption scheme for fintechs

/Non-bank competitors

Asic launches licence exemption scheme for fintechs

Australia's securities watchdog has released a number of waivers that will enable eligible fintechs to test services without the need to hold an Australian Financial Service licence or to make individual applications to the regulator.

/Non-bank competitors

Online lender BlueVine closes $49m Series D round

BlueVine, a leading online provider of everyday financing to small businesses, announced today it has closed $49 million in funding.

/Non-bank competitors

ECrowd! raises more than €300K in second round of funding

The debt crowdfunding - also known as crowdlending- platform ECrowd!, specializing in sustainable investments, has closed an investment round of € 307,900 through the online investment platform Crowdcube (equity crowdfunding).

/Non-bank competitors

Prosper Marketplace CEO Aaron Vermut quits

Prosper Marketplace, a leading online marketplace for consumer credit, today announced that the company’s board of directors has named David Kimball Chief Executive Officer.

Digital wealth manager Nutmeg raises £30m

/Non-bank competitors

Digital wealth manager Nutmeg raises £30m

UK digital wealth management startup Nutmeg has raised £30 million in a funding round led by Hong Kong-based independent financial advisory firm Convoy.

New lending platform targets underserved communities

/Non-bank competitors

New lending platform targets underserved communities

A new $100 million Clinton Foundation-sponsored platform bidding to take on predatory online lenders by offering America's underserved communities a low-cost alternative, is opening its doors for beta testing.

/Non-bank competitors

Prosper Marketplace kicks off photo contest

Today, Prosper Marketplace kicks-off the #MyProsperStory 2016 Photo Contest. Now through November 15th, borrowers through Prosper are invited to show the world “what it looks like to be on top of your finances.”

/Non-bank competitors

Walmart enters Mexican remittance markets with MoneyGram

MoneyGram (MGI) announced today a new cross border money transfer product for Walmart customers sending from any U.S. Walmart location to any Walmart Mexico location.

/Non-bank competitors

Bizfi names John Donovan CEO

Bizfi, a leading fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced its board of directors has appointed John Donovan as the Company’s chief executive officer (CEO).

/Non-bank competitors

Katipult partners Mangopay to bring P2P lending platform to the UK

Katipult is pleased to announce its partnership with Mangopay to bring a disruptive lending solution to the UK market.

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