Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: Job automation, driverless cars and much more

News

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more

Investments

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

FinTech Monthly: Iwoca lands £21m, Alipay partners with Verifone, FinTech 100 & more

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Welcome to FinTech Monthly for October 2016 – your monthly round up of the top financial technology news. In this episode, we have the £21m Series C round received by Iwoca, the partnership between Chinese firm Alipay and Verifone, the FinTech 100 list and more.

Also, Jonathan Chamberlain from Gowling WLG spoke to us about potential issues for the gig economy following Theresa May’s review of employment practices and the recent Uber ruling.

This month, we filmed from the Commonwealth Bank of Australia’s Innovation Lab.

FinTech Monthly: Investments topping £33m, a blockchain update involving JP Morgan Chase and more

Investments

London-based SME lender Iwoca closed an impressive £21m Series C round led by Prime Ventures. Iwoca plans to use the funds to keep developing its proprietary data platform, expand across Europe and secure new partnerships.

Aire, a London-based credit score provider for those without a credit history announced the closure of a $2m funding round. The startup is also now regulated by the Financial Conduct Authority.

Verifone and Alipay

Payment solutions firm Verifone has partnered with Alipay, the top Chinese mobile payments provider.

The partnership will allow Alipay to expand its mobile payment app service into the US, enabling Chinese consumers to pay with the app when travelling in the states.

Paym

New figures show over £300m has been sent using Paym. The UK mobile payment service enables people to send and receive funds straight to a current account using just a mobile number.

Over 5.8 million transactions have been made using the service since it launched in 2014.

Consumer-friendly FinTech

The US consumer finance agency released a report on consumer-friendly FinTech products, marking the agency’s first overview of the rapidly expanding industry.

The report outlined the types of FinTech products and services that it would encourage, with a particular focus on those that can help consumers who don’t have bank accounts or are under financial strain.

FinTech 100

FinTech Innovators, a collaboration between H2 Ventures and KPMG FinTech, has published its FinTech 100 list for 2016.

The report found the UK is second only to the US, with UK FinTech firms occupying 13 of the top 100 spots. The UK also holds a spot inside the top 10, with Atom Bank coming in 6th.

That’s all for this month’s roundup. Visit our FinTech news channel for more and subscribe now to receive future FinTech Monthly videos to your inbox.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

jobs automation top tech stats

Top tech stats: Job automation, driverless cars and much more
posted 6 hours ago

Startup Weekly

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more
posted on March 24, 2017

London skyline

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC
posted on March 24, 2017

The North of England

The top tech hubs in the North of England
posted on March 24, 2017

TWIT Emily 23.03.17

A $30.4m Series B, a £120m AI fund, a Mario Kart hack and more in The Week in Tech
posted on March 24, 2017

Tech and banking

How tech is shaking up the world of banking
posted on March 23, 2017