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UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M

PYMNTS

Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands. However, Metro was forced to curtail its efforts when it was revealed that it was miscategorizing some loans when figuring capital requirements. RateSetter, founded in 2010, said it is “the U.K.’s

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Creative Group FinTech Lands $25M To Expand Into 30 Countries

PYMNTS

Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. We are an official digital distributor for some of the world’s most powerful brands,” said Günther Vogelpoel, CEO of Creative Group. “We

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Branches more important than apps?

Chris Skinner

Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. The regulator has tried to encourage more competition in the sector by implying the process to launch a new bank, a challenger bank. We’re happy being customers’ second bank.

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CoverHound Raises $58M For Expansion Of Insurance Platform

PYMNTS

CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. Since its launch in the early part of 2010, CoverHound has raised more than $122 million. The future of digital insurance distribution will continually shift to more non-traditional insurance brands.

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Munchery Leaves Consumers, Vendors Out $6M

PYMNTS

The company ceased operations in late January after laying off 30 percent of its workforce in May 2018. Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in the email announcement in January. “The

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Toys ‘R’ Us Picking Up Steam Pre-Holiday Season

PYMNTS

Buoyed by strong international sales after a decade of private ownership and years of cost cutting – including selling off its iconic FAO Schwarz brand and closing its flagship Manhattan store – Toys “R” Us is building out its inventory for the first time in years. “It’s and Vornado Realty Trust.

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Daimler Expands Ridesharing With Carpooling App Acquisition

PYMNTS

In recent ridesharing news, German carmaker Daimler, owner of Mercedes-Benz and other brands, has recently announced its acquisition of Germany-based ridesharing company Flinc. With Flinc, we are taking on an extremely well-coordinated team that brings valuable experience in the field of short-distance ridesharing.”.

Mobile 101