News
Revolut crowdfunding investors toast 1,900% return
Two years after raising cash through Crowdcube the digital banking challenger has seen its valuation soar from £42m to over £1.2bn.
BlueVine bags another $12m from Microsoft and Nationwide
Online business lender BlueVine has packed more money into its Series E round, bringing the fundraise to $72m in total.
Peer-to-peer pioneer Zopa raises another £44m
Zopa has hauled in £44m in its largest fundraise to date, but the raise has been called ‘the first stage’ of a larger funding round. This portion of the investment comes from existing investors.
Barclays partners with MarketInvoice
MarketInvoice and Barclays announced a partnership deal that is set to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth.
Funding Circle fund ups CitiBank facility by £16m
The £352m Funding Circle SME Income fund has increased the size of an existing leverage facility with Citibank from approximately £50m to approximately £66m, according to regulatory filings.
State Street backed digital wealth manager nears £500m AUM
In its plan to shake up the vast UK pensions market the fintech platform PensionBee is taking on on some of the largest financial services giants in the world. Now, since launching two years ago, its growth is starting to accelerate.
Challenger bank and Fintex Capital invest in ex-Lending Club CEO’s venture
European challenger bank Banco BNI Europa and UK-based Fintex Capital have entered into a strategic partnership to invest in US marketplace lender Upgrade’s consumer loans, according to a statement by the firm.
Robo adviser Moola bought by financial services giant
JLT Employee Benefits, a listed provider of various financial services, has acquired the robo adviser Moola, subject to regulatory approval.
Sovereign investors rapidly increase exposure to private credit
Allocations to private markets by sovereign wealth fund investors has doubled over the past five years to 20 per cent, with private credit most favoured in 2018, according to a recent survey by Invesco.
