Tag: UK

Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.

AvantCredit is getting the green light from UK regulators with the FCA now fully authorising the online lender.

Players from the PropTech and FinTech spaces are coming closer together with a new partnership between property search portal Zoopla and online mortgage broker Trussle.

Lloyds Bank is looking for fresh talent to improve its digital strategy with a job posting for a new head of fintech discovery at the banking group.

UK-based invoice financing company DueCourse has raised £6.25m ($8.1m) in new funding. The financing comes from German e-commerce-giant Rocket Internet’s venture arm Global Founders Capital.

UK startup Curve is adding another £2m ($2.6m) to its seed round to bring its total funding to £3.5m. The fresh capital comes from Connect ventures and new individual backers.

Lending Club has brought in its new CFO. Thomas Casey is joining the wavering peer-to-peer lending company following the departure of Carrie Dolan.

Cambridge-based CashFlow is acquiring fellow Silicon Fen payments solution iCheque Network. The terms of the deal are undisclosed.

As hype continues to build around the potential for startups to disrupt the insurance space Eos Venture Partners is launching as specialised fund dedicated to finding opportunities in InsurTech.

The Bank of England says that it will not stifle FinTech development as it attempts to lay down regulations for the rapidly-growing sector.