Sustainable Transport Solution Magway Surpasses £1 Million in Funding Through Crowdcube Round

Magway, a UK-based startup offers a sustainable transport solution that moves goods through small pipes, has successfully raised more than 1 million through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month, originally seeking 750,000 in funding. It has already attracted nearly 1400 investors. As previously reported, Magway stated it has […]

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Monzo Now Reporting to Experian

UK-based digital banking group Monzo announced last week it will be now be reporting to Experian. The company revealed that it previously just reported to TransUnion. “Although we’ve started sharing information with Experian, it’ll take a month or two for Monzo to appear on your Experian credit report. Experian are working with the data we’re […]

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Applied Data Finance Appoints Capital One & JP Morgan Chase Vet Jimmy Cannon As First President

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, recently announced it has appointed Jimmy Cannon as its new/first President. According to ADF, Cannon has extensive senior management experience with a focus on leading organizations through transformational change and delivering P&L improvement, most recently as Executive Vice President, Partnerships Credit Card at Capital […]

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Digital Assets Focused SEBA Bank Plans to Raise $96.5 Million in Capital from New Investors

SEBA, a Switzerland-headquartered digital asset bank that holds regulatory licensing, is reportedly planning to raise $96.5 million in capital. During the fundraising, SEBA’s management intends to secure 100 million Swiss francs (appr. $96.5 million) from new investors, which include established financial institutions, family offices and individuals. Crypto-friendly SEBA Bank AG began offering financial services on […]

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Banking Challenger Market Is Growing Rapidly, with Brazil’s Nubank being the World’s Largest with 15 Million Clients

The challenger bank trend first began in Europe and has been gradually spreading to other parts of the world. Traditional banking challengers have been growing steadily and have managed to attract large investments. FT Partners’ new report, titled The Rise of Challenger Banks: Are the Apps Taking Over?, notes that Brazil’s Nubank is presently the […]

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Chinese Fintech Ant Financial Is Working with Several Banks to Revive its IPO Plans: Report

Ant Financial is reportedly working with several banking institutions in order to revive its plans for conducting an initial public offering (IPO). The Fintech company’s decision to go public has come more than a year after China’s leading mobile payments firm postponed the process after regulatory issues and concerns regarding its ability to generate profits. […]

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China: WeiyangX Fintech Review

Tencent LiCaiTong Releases “Online Wealth Management Behavior and Security Report (2019)“ On January 14th, LiCaiTong, Tencent’s wealth management platform, and National Institution for Finance & Development (NIFD) jointly released the “Online Wealth Management Behavior and Security Report (2019)”. The report published the 2019 online wealth management index, presenting a comprehensive analysis of the market and […]

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German P2P Lending Marketplace auxmoney Plans to Create Many New Jobs for Highly-Qualified Professionals in 2020

Düsseldorf-based Fintech auxmoney is one of Europe’s largest credit marketplaces. Private and institutional investors can use auxmoney to make direct investments in pre-approved borrowers of various different score classes.  auxmoney recently began issuing loans to small and medium-sized enterprises (SMEs). The company uses its customized risk models and extensive experience in credit rating and underwriting […]

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P2P Invoice Financing Platform MarketFinance Rebrands, Plans to Compete with Large Lenders OakNorth, Esme Loans

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing with the extensive payment terms of their clients. Companies have […]

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