London
Meniga Closes a €8.5m Strategic Investment Round
Meniga, a provider of digital banking technology for banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest banking group in France and lead investor in this round, Portugal’s Grupo Crédito Agrícola and long-standing strategic partner
Read More
Research: 6 Million Downloaded Their Bank’s App for the First Time During Corona Lockdown
New research from Nucoro, reveals that between 14th March and 14th April, because of the Coronavirus lockdown, around 12% of the adult population in the UK – some six million people – downloaded their bank’s App for the first time.
Read More
Santander Launches Pagofx to Compete With Transferwise: No Fees for Two Months
Banco Santander announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to
Read More
Onfido Secures $100 Million to Set New Identity Standard for Digital Access
Onfido, a global identity verification and authentication company, announced that it has raised a $100 million round of funding from new and existing investors, including TPG Growth. This brings the total investment in Onfido to $200 million and accelerates the company’s
Read More
AI Driven Fintech Completes Funding Round Led by Temasek and Kuehne+Nagel’s VC Firm
Previse, an artificial intelligence and data science fintech that gets suppliers paid instantly, announces an USD11 million funding round led by Reefknot Investments and Mastercard, with participation from existing investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech. Reefknot is
Read More
9 Rising UK Fintech Startups to Watch in 2020
In 2019, UK fintechs attracted US$48 billion in funding, reaching a six-year high, according to KPMG’s Pulse of Fintech H2’2019 report. The UK accounted for half of Europe’s ten biggest deals and over 80% of the region’s overall fintech funding
Read More
Crypto Scams Rampant in the UK Amidst COVID-19
Fraudsters are taking advantage of the coronavirus crisis in the UK. These scammers, claiming to be affiliated with either the World Health Organisation (WHO) or the U.S. Centers for Disease Control (CDC), purportedly sent malicious text messages to residents of
Read More
What is Revolut Junior?
Revolut thinks that kids and teens need to learn about money. That’s why they introduce “Revolut Junior”, a safe and easy way for parents and guardians to teach kids essential financial skills for life. What is Revolut Junior? Revolut Junior
Read More
Revolut Goes Open Banking
In pursuit of its goal to give people greater control over their financial lives, Revolut has launched Open Banking for all UK customers using TrueLayer Revolut has chosen Truelayer as their Open Banking platform, giving them secure, reliable access to
Read More
ING spins out Bond Analytics platform Katana into a new Fintech Firm
ING has spun out Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions, into a London-based standalone company called Katana Labs. ING Ventures will invest a further £1.5 million alongside other investors, as part of
Read More