Passion Capital has backed Fronted, the startup that wants to offer loans to cover rent deposits
Fronted, the new London-based startup aiming to make life easier for renters, has picked up seed investment from Passion Capital.
UK antitrust regulators give Visa’s fintech acquisition a green light
The United Kingdom Competition and Markets Authority, has given the go-ahead to Visa’s acquisition of fintech startup Plaid.
London Fintech Updraft raises £16m to help people break up with their credit cards
Consumers will pay over £10b in fees and interests for overdraft and credit cards in 2020 alone. Updraft wants to reduce that amount.
The Carlyle Group to acquire Calastone
Calastone announce that The Carlyle Group has reached an agreement to acquire a majority stake in the business from its current shareholders.
London real estate fintech biz collects €11.5m
Immo Investment Technologies has raised €11.5 million from investors including Talis Capital and HV Holtzbrinck Ventures. The business sources and purchases homes on behalf of buy-to-let investors. In addition to the equity capital, the London-based company has secured €60 million from real estate investors to fund the acquisition of properties. To read more, please click on the link below… Source: London real estate fintech biz collects €11.5M | PitchBook
Modulr invest £20m to supercharge Scottish FinTech
EDINBURGH-based FinTech Modulr has today announced it will invest the majority of £20m in the Scottish FinTech industry, to drive disruptive innovation and further boost Scotland’s growing prominence as a tech hub. The move is the latest step in Modulr’s ambition to radically transform SME banking, and its belief in Scottish tech talent to help achieve this vision. Having established its main development hub in Edinburgh, Modulr will use the funding to create an additional minimum of 53 highly skilled technology jobs in the capital. The FinTech will also nurture new technology talent in Scotland by committing to hire graduates from Scottish universities every year for the next five years. […]
Landbay says October was record month
Fast-growing Fintech Landbay says October was a great month for the real estate peer to peer lending platform. Without providing any details, Landbay tweeted out the news. Earlier this year, Landbay reported that a “leading financial institution” had committed to funding £1 billion in buy to let mortgages originated on the site. This may have something to do with its growth. Landbay offers investors the opportunity to invest in loans to buy-to-let landlords. All loans are secured by first‐ranking mortgages over tenanted residential properties across England and Wales. The P2P lender currently promotes up to a 3.45% return for investors. In a historically low interest rate environment, these returns are […]
Koyo FinTech raises $4.9M to assist underbanked UK borrowers
FinTech startup Koyo, which uses Open Banking to offer loans to underbanked UK borrowers, announced that it has raised $4.9 million in funding. The round, a mixture of debt and equity funding, was led by Forward Partners, with participation from Seedcamp, Christian Faes (founder and CEO of LendInvest) and Charles Delingpole (founder and CEO of ComplyAdvantage). Founded last year by Thomas Olszewski, the FinTech firm aims to secure loans for people with a limited credit history through the use of Open Banking data. “If someone is new to the country, or otherwise has a thin credit file, it can be difficult for that person to access credit,” said Olszewski. “For […]
