Affirm Inc., an online lender run by PayPal co-founder Max Levchin, is in advanced talks for a financing round that would earn it a place in the unicorn startup club.
The UK online alternative finance market grew 43 per cent in 2016 to £4.6bn, according to a new report from the Cambridge Centre for Alternative Finance.
Aussie fintech consumer lender MoneyMe has raised A$100 million in debt capital from New York-based investment manager Fortress Investment Group to help grow out its loan book.
The UK’s beleaguered big banks' profitability and risk profiles may be under threat to the from disruptive fintech firms, according to the Bank of England , which adds many not fully aware of the severity of the threat.
The first three quarters of 2017 saw £2.1bn of investment in UK fintech companies, almost double the total invested in the whole of 2016, according to consultancy Fintech Global.
Through the alliance and a 10 per cent stake in Caple, BNP Paribas Asset Management (BNPP AM) is establishing a new platform to offer alternative credit to European SMEs.
Westpac's venture capital arm Reinventure has invested in BrickX, a fintech that lets investors buy fractions of a house.
The financial services industry is facing a wave of digital disruption that is starting to reshape the sector. The Fintech 100 celebrates the top companies this bold new space: the 50 leading established players creating change within financial services, and 50 of the emerging fintech stars of tomorrow.