The latest news from the world of Alternative Finance and FinTech
In the news this week
Raisin UK has announced a partnership with UK’s credit checking service ClearScore. The partnership will enable ClearScore users to apply for savings accounts through Raisin UK via their ClearScore account. In other news, The House Crowd has launched a new product aimed at younger investors. The new brand called Money Mog offers annual returns of up to 5.5 per cent on P2P investments secured by UK property. Meanwhile, US FinTech giant Credit Karma is investing heavily in the UK.
ClearScore partners with Raisin UK for new savings accounts
Raisin UK has announced a partnership with UK’s credit checking service ClearScore in a bid to integrate into ClearScore’s website and mobile applications, thereby providing Clearscore’s customer base with access to the Raisin UK marketplace. (IBS intelligence)
The House Crowd launches new brand targeting younger investors
The House Crowd is launching a new brand that allows people to invest small amounts into its peer-to-peer loans on a monthly basis. The new product, called Money Mog, is targeting younger investors and offers annual returns of up to 5.5 per cent on P2P investments secured by UK property. (P2P Finance News)
UK FinTech group R8 Limited has raised in excess of $5 million in an oversubscribed fundraising round. Existing shareholders of R8, led by Jonathan Rowland and a number of new investors who have backed companies in the high-growth and FinTech areas, were also involved at this stage. (UKTN)
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