Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Santander UK fined £107.7m for repeated AML failures

The FCA has fined Santander UK Plc £107,793,300 after it found gaps in its anti-money laundering controls, affecting its business banking customers.

09 December 2022

News/predictions

UK SMEs to prioritise international expansion in 2023 - Airwallex

A recent survey by Airwallex reveals that UK small and medium entreprises (SMEs) are highly motivated to expand abroad over the next 12 months, with a majority focused on markets in Europe and North America.

15 November 2022

News/payments

Mollie steps into financial services with Mollie Capital

European payments fintech, Mollie, has launched Mollie Capital to facilitate SME access to finance and funding.

27 September 2022

News/regulation

UK government launches fraud and money laundering crackdown

The UK government has announced plans to rolled out reforms to protect the economy from fraud and money laundering.

23 September 2022

News/sustainable

NatWest pledges support to SMEs amid UK energy crisis

NatWest and the Federation of Small Businesses (FSB) have teamed up to analyse and provide support to UK businesses struggling with the cost of living crisis.

23 September 2022

News/retail

TSB connects consumers to fintechs with Marketplace app

TSB Bank recently launched TSB Marketplace on their mobile app. The service will connect customers to fintechs to aid them in making informed financial decisions. Finextra spoke to head of open banking and partnerships at TSB, Aruna Bhalla, about the service and what opportunities it opens up for consumers.

02 September 2022

News/retail

Barclaycard joins BT’s partnership network to support small businesses

Barclaycard Payments has announced its partnership with BT to support microbusinesses in the UK.

12 August 2022

News/people

Bibby Financial Services selects NatWest’s Marion King as non-executive director

SME funder Bibby Financial Services (BFS) has appointed former director of payments at NatWest Marion King as board member and non-executive director.

01 August 2022

News/retail

Qonto sets sights on acquisition of Penta

Qonto, online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

22 July 2022

News/sustainable

AIB and Foresight Group sustainable equity fund sets €75 million target

Ireland’s largest financial services provider, AIB, has appointed SME and sustainable infrastructure investment manager, Foresight Group, to manage a new SME equity fund, targeting €75 million. The fund will support businesses looking to accelerate Ireland’s low-carbon transition.

09 May 2022

News/startups

Outfund raises £15 million to expand in crowded revenue-based finance market

Revenue-based finance provider Outfund has closed a £115M Series A round of equity capital and debt, joining the growing ranks of firms vying for company business across Europe.

27 April 2022

News/wholesale

Qonto closes Crowdcube campaign after raising €5 million in 6.5 hours

Qonto, the French scaleup offering a business account to European SMEs, has raised €5 million in just 6.5 hours on crowdfunding platform Crowdcube.

21 April 2022

News/startups

Australian business credit card startup Archa raises $24 million in debt and equity

Australian business credit card startup Archa has raised $4m in funding and secured a $20m debt facility.

21 April 2022

News/wholesale

Recognise Bank enters business savings market

Digital SME banking startup Recognise Bank has entered the business savings market with the launch of a new easy access account paying 0.55%.

20 April 2022

News/startups

Zevoy secures €15 million as expense management race heats up

Finnish startup Zevoy is the latest fintech to enter the booming expense management space, raising €15 milliom for a full scale roll out across Europe.

12 April 2022

News/wholesale

British fintech Stenn valued at $900 million in debut external equity investment

Stenn, a digital financing platform for SMEs, has closed a $50 million equity funding round with US investor Centerbridge, at a $900 million valuation.

12 April 2022

News/startups

Lloyds Bank invests £5 million in working capital platform Satago

Lloyds Bank has invested £5 million for a 20% stake in invoice financing startup Satago and will roll out the platform for its Single Invoice Finance and whole of book Invoice Factoring customers.

09 March 2022

News/wholesale

French fintech for SMEs Qonto achieves €4.4 billion valuation

Qonto, the French scaleup offering a business account to European SMEs, has achieved a €4.4 billion valuation on a €486 million Series D funding round

11 January 2022

News/crypto

34% of UK finance businesses now making crypto payments - Mercuryo

According to new research by global payment network, Mercuryo, over one third of UK finance businesses are now using blockchain to facilitate payments, as demand for innovation soars.

17 December 2021

News/wholesale

Funding Circle moves into embedded finance

Funding Circle has moved into the embedded finance market, providing third party firms with a single API to offer loans of up to £500,000 to small businesses within their own website.

02 December 2021