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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The company is hopeful that its consumer lending division will lead to profits, according to the report.

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FinTech Capify Nets $10M Funding, Continued Goldman Backing

PYMNTS

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). and Australia market,” said Goldin in the release.

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Lending Fintechs Acquire Analytics Fintechs: So What?

Gonzobanker

Recent acquisitions illustrate how data is driving fintech valuations. Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. nCino recently announced.

Analytics 100
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In UK, FinTech Alliance Launches

PYMNTS

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. digital bank, has set up shop in the U.S. banking charter. …

Fintech 108
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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. Also in the U.K., Funding Xchange secured $10.3

Strategy 109
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Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

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MoneyLion Launches Advanced Mobile Banking

PYMNTS

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. With RoarMoney, we’ve completely reimagined the mobile banking experience by going above and beyond what consumers expect from their banks,” MoneyLion CEO Dee Choubey said in the announcement.

Mobile 175