LendInvest, Zopa and Iwoca among 19 fintechs named in Europe’s 1,000 fastest-growing companies
The Financial Times has launched its 2019 FT 1000, a ranking of European companies that achieved the highest compound annual growth rate, which includes a few familiar names.
Peer-to-peer lending tops £9.5bn in 2018
Peer-to-peer cumulative lending jumped by almost half to £9.5bn last year as this loans market “continues to mature”, according to trade body data.
Payments firm lands £20m from HSBC as it rolls out fast settlements network
Payments firm Proactis has secured £20m from high street giant HSBC as it prepares to launch a new system to speed up settlements to cash-strapped small businesses.
China led 2018 fintech funding, with the UK still punching above its weight
Global investments in fintech more than doubled in 2018, reaching a whopping $55.3bn and led mainly by surging Chinese investments.
GoCardless lands $75m cash call for global roll out
GoCardless has secured $75m cash call to roll out its direct debit business payments network and open offices around the world.
iwoca raises £150m in equity and debt capital
Small business lender iwoca has secured a new £150m funding line, a blend of equity and debt capital, bringing the platform’s total funding to £350m.
Vitruvian puts German fintech Smava up for sale
Buyout group Vitruvian is putting German consumer credit online platform Smava up for sale, people close to the matter said. The private equity firm has asked investment banks to pitch for roles in a potential sale or initial public offering of the fintech, which may fetch up to $500 million, the people said.
German Lending Marketplace auxmoney Overtakes Midsize Banks in Consumer Loan Origination
Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Auxmoney is the largest credit marketplace in Continental Europe. It issued new loans totaling €551 million last year.