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Fintech Leads the Way in the UK as Investment in Tech Firms Doubles in 2017

London’s fintech sector remains a hotbed of investment activity, capturing the lion’s share of a £2.99 billion venture capital splurge on UK tech firms. The figures, produced by Pitchbook for promotional agency London & Partners, show VC investment into the UK’s tech sector reaching an all-time high in 2017 at almost double the £1.63 billion invested in 2016. Brexit may ... Read More »

Kreditech Ranked Among Top 10 Fintechs Worldwide

Consumer lending company focused on underbanked segment ranked 7th among leading fintech company worldwide and receives award as one of the fastest growing companies in Germany Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, is celebrating the acknowledgement of its rapid business growth: KPMG and fintech investment firm H2 ventures just ranked Kreditech 7th out of ... Read More »

Fintech Company Rubique in Partnership with TransUnion Cibil

Rubique Ties up with CIBIL to Allow Easier Access to Credit Score Checks Fintech company Rubique has announced its partnership with CIBIL, India’s premier Credit Information Company (CIC) to provide credit scores and valuable insights on its platform, thereby increasing the transparency in the conventionally-opaque credit-seeking process for its users. This is the first ever tie-up for CIBIL with a ... Read More »

Taking Care of Your ‘Digital Footprints’

Customers without credit scores can take the digital journey to get loans Rajiv Raj and Abhishek Agarwal co-founders of CreditVidya comment why fintech companies and P2P lending platforms are looking at alternative data, and how you should take care of your digital footprints Rajiv Raj (left) and Abhishek Agarwal, co-founders of CreditVidya. Mumbai-based CreditVidya, a fintech start-up, uses alternative data ... Read More »

Rocket Internet Runs Out of Steam

According to a recent article in the FT shares in Rocket Internet fell sharply, after the Berlin-based tech investor said it would take longer than planned for some its key portfolio companies to swing into profit. Some investors also voiced disappointment that the group failed to provide clarity on how and when it would deploy its €1.6bn cash pile. The ... Read More »

WeLab Raises US$220 million

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse WeLab, a financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include ... Read More »

Intuit Offers Direct Lending to SMEs

Intuit Becomes Latest Technology Company to Offer Direct Lending    Will rely on QuickBooks customer data to evaluate borrowers Amazon also make loans as tech firms edge into finance Intuit Inc., the maker of tax-preparation and accounting software, will start lending directly to smaller businesses as it becomes the latest tech company to offer credit to firms. The roughly 7 ... Read More »

Lendingkart Finance Partners with CIBIL Marketplace

Fin-tech startup, Lendingkart Finance Ltd. has announced its partnership with Transunion CIBIL, one of India’s leading credit information companies. Through this partnership, self-employed professionals and small business enterprises will now be able to access loans offered by Lendingkart Finance on the CIBIL MarketPlace platform. TransUnion CIBIL maintains one of the largest collections of consumer credit information along with creating information ... Read More »

FINTECH TINUBU SQUARE SECURES €53M INVESTMENT FROM LONG ARC CAPITAL & BPIFRANCE

Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies.   With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu ... Read More »

SME Lending: Credibly Continues Growth with $500M Origination Milestone, BizFi Portfolio

Credibly’s products rely on data science and machine learning Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi’s $250 million portfolio and 5,200 merchants to its platform.  Along with the BizFi decision, Credibly also announced today that it has hit $500 million in originations to tens of thousand of SMBs, a milestone for the company ... Read More »

CRIF Takes 33rd Place in the IDC FinTech Rankings 2017

  The most comprehensive classification of the top 100 global technology suppliers in the financial services industry. ​CRIF is ranked in 33rd place in the IDC FinTech 2017 classification, taking a further leap forward compared to the 2016 ranking. In its fourteenth edition, the IDC FinTech classification assesses the main global suppliers of financial technology based on revenues for the ... Read More »

Arvato Financial Solutions wins Continuity and Resilience Team Award at the BCI Asia Awards

The Business Continuity Institute, the world’s leading Institute for continuity and resilience, has awarded Arvato Financial Solutions the Continuity and Resilience Team Award at the BCI Asia Awards 2017.  The winners of the awards will be presented with their trophies at a ceremony to be held in Singapore later this year. Arvato Financial Solutions was recognised for the strong performance ... Read More »

Credit Karma Names Susannah Wright its First General Counsel

Former prosecutor and SolarCity and Tesla counsel joins rapidly expanding financial technology company Credit Karma, the top venture-backed personal finance company in the world, today announced it has named Susannah Wright its first general counsel. Previously head of compliance at SolarCity and Tesla, Wright also joins Credit Karma’s executive committee. As general counsel, Wright oversees all legal matters at Credit ... Read More »