As well as making it easier for customers to build their own furniture, Ikea has also made it easier for its customers to finance their flatpacks, turning its attention to the world of buy-now-pay-later.
Brazilian digital bank Nubank is the biggest digital bank in the world, both in terms of the number of customers and valuation, and it looks like its valuation is set to climb even higher. According to Reuters, Nubank is seeking a valuation of over $55.4bn in its planned US IPO, higher than that of Brazil’s top two traditional lenders.
Newly listed fintech mortgage lender LendInvest has signed a £150m partnership deal with Barclays and HSBC that will see short-term mortgages funded through its digital platform.
Global fintech investment reached a record $98bn in the first half of 2021, up from $87.1bn in the same period in 2020, according to data compiled by KPMG.