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Iris Capital launches €250m European tech investment fund


Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more

Tech City Voices

Culture. There’s no app for that, Kalanick

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Fintech Monthly: Braintree, ecommerce and next gen lending


Hello and welcome to the November edition of Fintech Monthly, We’ve partnered up with Braintree to bring you a special series of fintech articles on payments, ecommerce and more. Check out

In the news

The next-generation lending company Earnest has raised a whopping $275m in equity and debt financing, Earnest lends between $2m and $5m per day and the total dollar amount the company has loaned has increased 50 times over the past year. Of its products, Earnest’s student loan business is its largest followed by its lending business for personal loans.

A fintech trade mission, organised by UK Trade & Investment, headed to Switzerland this month to promote the UK’s fintech sector, attract investment and boost business opportunities. The fintech companies selected for the trip included Innovate Finance and its members Bankable, Clear Macro, Credits, and many more. Britain’s fintech market generates £20bn in annual revenue and over 44,000 people work in the sector in London alone

UK FinTech firms ‘raised $328m in Q1 2017’

Visa Europe’s innovation hub is teaming up with distributed ledger specialist Epiphyte on a proof of concept project looking into how the blockchain and bitcoin can be used for international remittances.A report from the World Bank last year put the global amount of remittances in 2014 at $582bn and estimated that migrants paid an average of 7.9% in fees on these money transfers. Could Blockchain be the answer? Visa’s experience as the largest payments network in the world could help create the solution.

We asked Richard Goold of Wragge Lawrence Graham and Co whether big companies like Visa can overcome bureaucracy and drive innovation by working with startups to improve financial processes? Or is it better to let startups take the lead?

For more from Richard, check out his regular posts on

Regulatory issues are set to be the biggest hurdles facing financial technology firms over the next year, according to a survey by Silicon Valley Bank. Of 101 fintech entrepreneurs and investors surveyed by Silicon Valley Bank, 43% expect this growing tide of red tape to be their biggest problem facing developing fintech companies. This was backed up by the British Bankers Association (BBA) in a report called ‘Winning the Global Race’ which called for further support for fintech companies, which it called “an increasingly critical part of the banking ecosystem”.

That’s it for this month, tune in next month for your fintech news roundup.

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Editor's picks


Iris Capital launches €250m European tech investment fund
posted 3 hours ago

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted 6 hours ago

Culture. There’s no app for that, Kalanick
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Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech
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EXCLUSIVE: London-based Inploi raises £500,000, brings total to £1m
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posted on June 22, 2017