Investment bank plans consumer loan and savings push as it widens search for deposits. Goldman Sachs is looking to expand its retail banking business to the UK, replicating its mass-market offering in the US, as it continues a steady march from Wall Street to Main Street.
US-based fintech platform Credibly is now servicing BizFi's $250m portfolio and 5,200 merchants and has crossed the $500m milestone in capital deployed to tens of thousands of SMBs across the U.S.
Swedish e-invoicing giant Klarna has inked a partnership deal with online payment provider Stripe in order to scale its offering in the U.S., reports tech site Breakit.
Since 2013, the UK and Germany have accounted for 38% and 14% of European fintech deals, respectively.
Fintech firms continue their assault on student debt. The latest development is that Prodigy Finance, which provides post-graduate loans to international students, has raised a whopping $240m in debt and equity capital.
Upstart financing firm Affirm Inc. is in talks to offer installment loans to Wal-Mart Stores customers, said people familiar with the matter.
Fintech lending platform Behalf has announced a partnership with FinWise Bank. Behalf is a fintech lender which allows merchants to offer instant credit products to their business customers at the point-of-sale.
The UK’s leading marketplace lender for small businesses has signed a landmark deal with Aegon, one of the world’s largest providers of life insurance, pensions and asset management.