BlackRock takes €30m minority stake in Scalable Capital

Scalable Capital has completed a €30m funding round, led by asset management giant BlackRock alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures.


Capgemini report finds fintechs beat banks on customer satisfaction

Fintechs should work with banks, and APIs will sort the winners from the losers as the world moves towards open banking.


Fintech revolution only stalled, Accenture research claims

Fintech’s promise to transform finance has been stalled not killed and it is too early to judge what its long-term effects will be.


Alternative finance firms, digital banks star in new FinTech50 list

The latest iteration of the FinTech50 list is out, and alternative finance providers and digital banks account for a fifth of its constituents. Atom Bank, Monzo, N26, Revolut and solarisBank AG make up the banking challengers, with MarketInvoice, Iwoca, LendInvest, RateSetter and Seedrs representing the alternative finance sector.


Peer-to-peer lender RateSetter raises £13m, Woodford and Artemis lead

RateSetter, one of the UK’s “big three” peer-to-peer lenders, has scooped £13m in equity investment from existing backers. Investors in the round included well-known fund managers Woodford Investment Management and Artemis.


Peer-to-peer lending giant Zopa confirms £32m fundraise

Zopa scoops £32m in a new investment round led by Indian conglomerate Wadhawan Group, as it looks ahead to bank-build.


National Bank of Canada invests $6m in robo-adviser Nest Wealth

One of Canada’s Big Six takes a strategic investment in a robo-adviser startup, Nest Wealth. The Bank will also license the financial technology company's digital wealth management platform.


Record week for marketplace lending securitisation tops $1.2bn

Last week saw the largest issuance of marketplace lending securitizations in the history of the nascent asset class with transactions totalling more than $1.23bn.


Peer-to-peer lender appoints City veteran as chairman

RateSetter hires Prudential chairman Paul Manduca as non-executive chairman.