Santander and eBay to launch loans app in UK
Santander and eBay have agreed a lending partnership for small businesses as the two groups attempt to combat competition from tech giants and newer digital rivals.
German Varengold Bank Acquires 20% Stake in Klear
Germany’s Varengold Bank AG has agreed to acquire 20 percent of Klear, a Bulgaria-based p2p lending platform in the emerging FinTech segment in Southeast Europe (SEE).
Raisin becomes the latest European Fintech to announce US expansion
After netting $114m for the purpose of 2019 expansion into “at least two additional markets” back in February, Raisin has revealed that one of those markets will be the US.
Lending start-up SoFi closes $500 million funding round, led by Qatar
Online lending start-up Social Finance just closed a half-a-billion-dollar funding round, led by Qatar.
T-Mobile Money Rocks Banking Model Using Fintech Engine
Ditch bankerly pinstripes and think leather and hot pink. T-Mobile, the self-styled 'Un-carrier' that has roiled the mobile market for years, partners with BankMobile to offer Americans a basic but higher-interest mobile-based transaction account.
Under fire from fintech: 1 in 10 European banks to vanish by 2023
Bumper banking profits disguise an underlying weakness in traditional banks, as their per customer income has tumbled over the past decade.
Fintech is Europe’s richest startup sector
Over the past three years €5.38bn has been ploughed into Europe’s growing fintech sector, accounting for nearly 20% of Europe’s overall growth-stage capital during this period.
Fintech M&A activity hit record $112bn in first quarter, despite slowing global economy
Investor’s appetite for fintech firms remains undimmed with mergers and acquisitions hitting a record $112bn in the first three months of the year, despite signs of a slowing global economy and the threat of a disorderly Brexit in the UK.