Half of U.K. adults with debts have mental health issues and one in four people with a mental health problem are also in debt. The relationship is cyclical and much of it boils down to a sense of feeling in control of your money, of being financially resilient and
2020 has been dramatic to say the least. In the fintech industry there has been a monumental shift towards digital payments. The mix of shop closures, lockdown measures and the booming ecommerce sector have made fintech products more relevant, and more important, than ever. And businesses have relied on
Nearly every industry had to pivot, in multiple ways, to adapt to the challenges brought on by 2020. FinTech has been one of the most impacted, with people working, shopping, and banking from home due to social distancing. Although partially sprung from Covid, the trends in online banking, lending,
After closing a $44 million funding round, British AI-based personal finance chatbot Cleo is turning the tables on its users and asking them how it should spend its money. EQT Ventures led the round, with participation from existing investors, including Balderton Capital, LocalGlobe and SBI. Launched in 2016, London-based
Tink, a pioneering open banking platform from Sweden just secured €85 million of additional funding, led by Eurazeo Growth. This brings the total investment in Tink during 2020 to €175 million (€90 million were raised in January of this year). Founded in 2012 in Stockholm, Tink already counts more than 350
No-one could have expected the unprecedented year that we have had, and the coronavirus pandemic has taken its toll on industries all over the world, including banking and financial services. Though the outlook on the economy is still uncertain as we navigate through this period, looking back shows that
Tim Davie, Director General of the BBC, and Jotse Groen, CEO of Takeaway.com, are just two stand-out speakers newly confirmed at Reuters Next, one of the biggest and most ambitious leadership summits in the world. With just over one month until the virtual conference – which takes place January 11-14,
Even before the coronavirus pandemic struck this year, the mobile payments market was on course to experience unprecedented growth. While the pandemic has dealt a serious blow to the global economy, it has given the digital payments market a boost as demand from consumers and businesses for a contact-free
Monument confirms £28 million fund raise
Monument, a digital banking startup for the well-heeled, has landed £28 million in new funding from existing backers and a trio of angel investors. Since inception, Monument has raised circa over £40m in funding, and it is now well placed to complete the build of its technological and operational capabilities and to be ready for launch in the Summer of 2021. The new investors in the firm are Eric Zinterhofer, of Searchlight Capital, entrepreneur Rakesh Loonkar and Harry Handelsman, founder and CEO of the Manhattan Loft Corporation. The startup, which is targeting people with between £250,000 and £5 million
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Based in Amsterdam with multiple offices around the world, PCN is a specialist leading supplier of executive recruitment, RPO services and headhunting in the fintech, payments, SaaS, eCommerce and Cyber security industry.