The latest news from the world of Alternative Finance and FinTech world
In the news this week
This week has seen investment in FinTech top pre-Brexit levels, Sancus Finance completes a £12m funding round for Heartlands development and Lendy announces it has increased its loan portfolio by over £80m. TransferWise plans to kick off a new funding round that will see its value exceed £1bn and Santander is set to work with UK FinTech start-up BiBox. Our blog this week looks into our recent foray into the InsurTech industry and how the sector stacked up against the UK's top websites. Cue building a tool to find out!
Investment in UK fintech tops pre-Brexit levels in first half of 2017
Over half a billion dollars were poured into British financial technology companies in the first half of 2017, over a third more than the same period last ...(REUTERS)
Transferwise aims to kick off a new fundraising to take its value above £1bn
TransferWise, the six-year-old British payment transfer startup, is aiming to kick off a new fundraising round which would see its value exceed £1bn ... (City A.M.).
Lendy grows loan book by over £80m in six months
Lendy has announced its financial results for H1 2017 with its loan portfolio increasing by £82m in the six months to 30th June 2017. (Bridging & Commercial)
Sancus completes £12m funding for Heartlands development
Alternative finance provider Sancus has completed a £12m funding deal for a Scottish property development aiming to promote sustainable living on the site of a former coal mine. (Peer2Peer Finance News)
The latest craze in fintech: layered banking
I recently went on holiday in Europe, accompanied by five other people under the age of thirty. Every single one of them carried with them either a Monzo or Revolut card. It was the first time in nearly four years of covering alternative finance and fintech for AltFi.com that I felt able to discuss the subject of my scribblings in terms other than niche. (AltFi)
Global index for crowdfunding and marketplace finance launches
A new index tracking global crowdfunding and marketplace finance trends has launched, with the aim of becoming the main barometer for alternative finance. (Peer2Peer Finance News)
Santander taps UK startup for FinTech innovation
Santander is set to work with BiBox, a UK startup targeting the reinvention of collaboration banking, to promote and bring on board offerings from more agile fintech companies. (Computer Business Review)
The Marketing Eye says
Analysis: InsurTech & Insurance Websites vs Top UK Sites
Many of us have used a tool like Google’s Page Speed Insights to assess our website’s strengths and weaknesses. Have you ever wondered how your website compares ...
Over 50s spending more on financial services
This year’s ‘Adult Media Use and Attitudes Report’ from Ofcom confirms one fact that we could have probably guessed anyway – that the use of smartphones by ...
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