FinTech News

London-based fintech Azimo has raised $22million (£17m) in debt financing from the European Union.

The ‘Stepping Out’ Circle, from StepLadder and Cashmere, is designed to provide a manageable way for fashionistas to raise money to purchase items on their wish lists.

Barclays Bank has acquired a minority stake in digital receipts startup Flux.

Four mobile phones showing the Upgrade Pack interface

London fintech scale-up Upgrade Pack is set to expand into the North American market and accelerate its APAC operations after closing a private investment round worth £1.5 million.

Currencycloud has today announced it has secured an additional $80 million in funding to fuel the next phase of its growth.

Philip Hammond, former Chancellor of the Exchequer, has joined fintech startup Oaknorth as an adviser.

High street bank Barclays has announced a partnership with Nimbla, a pioneer of single invoice insurance, providing its 1 million SME clients with the opportunity to benefit.

Digital bank Vive has received a banking licence from the Bank of England, with restriction.

Major central banks are looking at the case for issuing their own digital currencies, the Bank of England and European Central Bank said this week.

The fastest-growing insurance provider for millennials in Germany, Getsafe, has begun its European expansion by launching in the UK.

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