FundingRSS

Curve hits 50-50 milestones; consumer card to come

Consumer offering on its way

Curve and its all-cards-in-one Curve Mastercard and accompanying banking app apparently has struck a chord with small businesses and freelancers. More than 50,000 SMEs have signed up for the London-based start-up’s programme.

Fintech funding round-up: 23 June 2017

Good ideas can bring good money

For the third day in a row we present a fintech funding round-up. The previous two were here and here. Our latest report features Blockchain, Julia Computing and Mswipe Technologies. We’ll begin with a confusing company name. Blockchain (yes, really), a UK-based software platform, has raised a Series B of $40 million with Lakestar and […]

Fintech funding round-up: 22 June 2017

funding

It was only yesterday we did a fintech funding round-up. But as there’s a mad dash for cash, here’s another one. Features Digital Financial Services Lab, TrueLayer and Enterprise Ireland. Digital Financial Services Lab (DFS Lab) will invest $250,000 in four separate fintech start-ups that are building products to help low-income consumers in developing markets. […]

Mastercard launches competition for African financial inclusion

mastercard

The Mastercard Foundation Fund for Rural Prosperity (FRP) has launched a new competition to find financial products and services that improve the lives of poor people in rural areas of Africa. The 2017 competition will follow a rolling format and will be open throughout the year with applications submitted and evaluated periodically. The first submission […]

Eight fledgling fintech providers win capital from CFSI’s FinLab

FinLab

Eight fledgling fintech companies have won $250,000 each from the Centre for Financial Services Innovation (CFSI). Each FinLab winner in this third annual competition from the CFSI also receives resources to test, enhance and scale their products, in part via the expertise of JP Morgan Chase, a founding lab partner.

Softbank ups investment in security AI firm Cybereason

Robots

Softbank has upped its investment in security firm Cybereason, as the focus on artificial intelligence (AI) continues.

Fintech funding round-up: 21 June 2017

Funding concept with smartphone

Some people have got deep pockets, because the funding fun never ends. Our latest round-up features Soldo, Atom Bank, British Business Bank, BlackRock and Scalable Capital. Multi-user spending account, Soldo, has reported a Series A funding round of $11 million, led by Accel and includes participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. […]

Investors to the rescue for UK’s Co-op Bank?

co-op bank

The UK’s Co-operative Bank’s life may not be over just yet as it reveals it is in advanced discussions with existing investors over a rescue package. As reported in February, the bank was put up for sale – with the minority investor Co-op Group saying it is “supportive of the plan to find the bank […]

HSBC unveils £10bn fund for UK SMEs

HSBC-Logo

HSBC has launched a £10 billion lending fund for SMEs in the UK as it looks to tap into this lively market. The bank says it continues to be open to lending, having approved 91% of small business lending applications in the last year. Ian Stuart, UK CEO, HSBC, says: “We want to put SMEs […]

Where top European banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain. Which banks were the most active and what did they invest in?

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