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NAB gets down and under to overhaul SME business loans

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National Australia Bank (NAB) has unveiled a complete overhaul of its existing business standard loan form contracts that will “benefit” over 130,000 Australian business owners.

Aviva acquires majority stake in Wealthify

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UK based insurer Aviva confirms that it’s acquired a majority stake in robo advisor, Wealthify.

Fintech funding round-up: 5 October 2017

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Four of the latest stories in one for a fast fintech funding round-up. Features SalaryFinance, Featurespace, Worldpay, Invoke Capital, ESF Capital and ThinCats.

Uber takes SoftBank investment and drives changes

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Uber is to accept an investment of up to $1.25 billion from Japan’s SoftBank and usher in new governance rules aimed at reining in former CEO and co-founder Travis Kalanick.

Truphone raises $339m to fuel global expansion

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What would you do with $339 million? London-based mobile operator Truphone gets to answer that question today as it closes its $339 million (£255 million) private equity round.

Crowdfunding platform OurCrowd moves into Spain

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Israeli equity crowdfunding platform OurCrowd has furthered its global expansion by opening an office in Spain, reports Julie Muhn at Finovate (Banking Technology’s sister company). The company’s founder and CEO Jon Medved has identified Spain and the Iberian region as one of OurCrowd’s “priority markets” since Madrid is in the heart of Europe and a gateway […]

Chime pulls in $18m, surpasses 500,000 bank accounts

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Chime, a mobile banking challenger that says it helps customers avoid fees and automate their finances, has raised $18 million in Series B financing, led by global venture fund Cathay Innovation, reports Paybefore (Banking Technology‘s sister publication). The company, co-founded by prepaid veteran Chris Britt, also reported that more than 500,000 bank accounts have been opened since […]

Swych seals Series A funding

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Digital gifting platform Swych has closed its Series A round with a “major strategic capital investment” from UAE Exchange Group. The amount of the investment was undisclosed, reports David Penn at Finovate (Banking Technology‘s sister company). “Swych’s global gifting technology and vision fits well with our strategy to foster purpose-based money transfers,” UAE Exchange Group […]

Cashplus expands with £30m debt facilities led by RBS

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Cashplus, a London-based alternative financial services provider has announced two new, three-year funding arrangements totalling £30 million ($40.52 million), reports Paybefore (Banking Technology‘s sister publication). Senior debt facilities will be provided by NatWest/Royal Bank of Scotland (RBS) with BCI Finance, the investment division of Blenheim Chalcot, providing mezzanine financing. Although not a bank, Cashplus says […]

Europe’s top venture capital investors by country – CB Insights

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CB Insights has mapped the top venture capital (VC) investors in Europe by country, based on number of portfolio companies the investor had backed. The research company analysed the most active investors in the last five years (2012-2017), including VCs, corporate VCs, growth equity firms and super angels.

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