Zopa acquires BNPL company DivideBuy
The fintech specialising in business lending signs its first ever acquisition following a £75m fundraising round, with this UK fintech spec...
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Pass Flash TPE: Younited Credit Further Looking into SME Lending
FACTS Bpifrance, Crédit Mutuel de Bretagne, the Brittany region and Younited Credit teamed up on jointly launching “Pass Flash TPE”, a fina...
Mozzeno Closes Funding Round
The Belgian P2P crowdfunding platform Mozzeno raised €1 million mainly from their historical shareholders. This amount will help them add white-l...
FinTec: Qard Boosting E-Merchants’ Cash Flow
FACTS The French start-up Qard, which features lending offers for small and medium-size merchants, would be getting a €600,000 funding seri...
Co-Branded AmEx/Amazon Cards for Small Businesses
A partnership between Amazon and American Express has been announced to address American SMEs’ needs. The e-merchant bets on their purchasers’ su...
October and Western Union: Team up to Address Businesses Needs
FACTS October (ex-Lendix) and Western Union officially team up: this commercial partnership will allow these players –from distinct industr...
REX: Lendix Looks Back
In their third open letter to date, the French crowdfunding company Lendix looks back on their 2017 results. They also stress their ambitions for...
Mastercard and Unilever Join Forces for Banking Inclusion
Mastercard and Unilever announced a strategic partnership for helping small businesses grow in Kenya. They will be proposing low-interest loans, ...
Qonto Closes a Major Financing Round, Aims for Banking Status
FACTS The neo-bank for SMEs Qonto announces a major financing round on the French FinTech market.
iBanFirst Builds New Service for Importing Companies
FACTS The French FinTech iBanFirst proposes an international payment service for SMEs and launches a financing solution for importing busin...
Marcus’ Lending Business Reaches Europe
Marcus, Goldman Sachs’s online retail banking unit will be launching their consumer lending business in the UK (in 2019) and in Germany (later on...
Feedback: why October is folding its business in Germany
When October launched its alternative lending business in Germany in 2019, it was based on the fact that this business was not well developed in ...
Zopa abandons its core business
Zopa, a specialist in peer-to-peer lending, has gradually established itself as a leading UK FinTech company. It reached an advanced stage of dev...
Monzo Introduces a Consumer Lending Service
FACTS Following a successful test phase, Monzo now lets their nearly 3 million customers apply for loans ranging from £200 to £15,000, over...
Xiaomi Rolls Out Consumer Lending Offer in India
FACTS Mi Credit by the Chinese smartphone maker Xiaomi was presented in May 2018 and will soon be made operational in India.
LCL takes its turn in instant loans
Between the success of BNPL and fintechs offering instant loans, traditional banks have seen their lending business seriously undermined. After a...
Credit News in Brief - April 2019
INSTALMENTS – Finfrog Partners With Deliveroo The P2P micro-lending FinTech Finfrog joins Deliveroo programme to support their deliver...
Afterpay Reaches out for the UK
Considering how successful their service has been in Australia and in the US, Afterpay aims for the UK. This announcement follows a $117 million ...
US regulator slams decentralised finance
In the United States, the BlockFi platform has specialised in offering credit and interest-bearing accounts backed by crypto-currencies. Its deve...
Credit Card: Apple / Goldman Sachs Partnership Taking Shape
Photo credits: Fox Business FACTS Less than a year ago, The Wall Street Journal referred to a possible partnership between Goldman Sachs...
