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British AI fintech startup ilumoni raises €380K to make it easy for people to borrow well

ilumoni, the British fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised more than €380K pre-seed investment backed by Move Ventures (formed by the founders of Market Gravity, acquired by Deloitte in 2017), and angel investors including Simon Moran, former
Blog

How Fintech Is Tackling Access, Infrastructure: ‘You Have To Keep Innovating’

  • Renato Capelj  -
The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards.  “How do you bring them into the digital world with all the benefits that many of us have gotten used
Blog

New Report Finds Common “Blockchain for Good” Would Help Humanitarian Sector Build More Trust and Efficiency

  • Polly Harrison  -
A new report has found that a new, cross-sector blockchain could help aid agencies respond to increasingly frequent and complex crises, and provide significant cost savings. The technology would allow humanitarian groups to reach more people at a time when aid spending is under pressure from shrinking government budgets
Blog

Alternative financing is a lifeline for SMEs under lockdown

  • Rhys Thomas  -
As the UK enters another lockdown, businesses around the country – especially small companies – are fighting for their survival. While COVID-19 rages, SME lending in the UK has tanked and liquidity has plummeted by 80% since the pandemic began.  Government-led schemes including tax deferrals and government-backed loans have
News

Fintech Unicorns Flywire And AvidXchange Are Planning To Go Public In 2021

  • Jeff Kauflin  -
As more people and businesses move transactions online during the pandemic, financial technology companies are reaping the benefits. On top of other expected IPOs in 2021 like Robinhood, Affirm and Marqeta, two more fintech unicorns are planning to go public, according to people familiar with the matter. AvidXchange, a Charlotte company
News

The race to be China’s top fintech platform: Ant vs Tencent

  • Rita Liao  -
As Ant Group  seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting the fintech interests of Tencent, Ant’s arch rival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of Tencent properties and,
Blog

Opening up the path less travelled from banking to fintech

  • Finextra  -
Fintech has been part of financial services for several years, but it remains surprisingly rare to see employees of incumbent banks take prominent positions at fintech firms. This may be a path that is becoming more common, according to Matthew C. Meade, product management leader focused on fixed income
News

Reuters Launches Reuters Next: An Agenda-Setting, Four-Day Summit for Global Leaders

  • Reuters   -
Reuters today launched one of the biggest and most ambitious leadership summits in the world, bringing together 25,000 executives over four days to hear from leading names in business, finance, politics, tech and media on the most pressing issues of our age. Over four days in January, Reuters Next

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The Future Of Fintech In A Post-pandemic World

COVID-19 has been extremely damaging for many businesses, especially small businesses and their employees. Yet, tragedy is excellent at uncovering opportunity, and in this case, the opportunity lies in the fintech industry.  The response to the pandemic in the business world was to redo structure. Businesses that hadn’t previously been online have been forced to do so to maintain livelihoods. Therefore, whether business owners and consumers knew it or not, they began engaging with the fintech industry.  What is Fintech?  If you’re new to the concept, fintech is an amalgamation of the finance and technology sectors. You’ve probably engaged

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