Goldman Sachs to take on UK retail banks
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.
Credibly partners with BizFi
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.
Klarna is reportedly partnering with online payment giant Stripe to fuel US expansion
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.
Early-Stage Fintech Investment In The UK & Germany Goes To Insurtech, Banking
Since 2013, the UK and Germany have accounted for 38% and 14% of European fintech deals, respectively.
Fintech student lending platform raises $240m
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.
Wal-Mart Nears a Pilot Deal to Offer Customers Installment Loans
Upstart financing firm Affirm Inc. is in talks to offer installment loans to Wal-Mart Stores customers, said people familiar with the matter.
Small business lender partners with FinWise Bank
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.
Marketplace lender Funding Circle forms strategic partnership with Aegon
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.