Manchester-based fintech start-up Hydr today announces the launch of its proprietary invoice finance platform to help small businesses optimise their cash flow.

Co-founded by fintech experts with first-hand experience of the challenges that long payment terms and late payments can create, Nicola Weedall and Hector Macandrew are on a mission to tackle poor payment culture in the UK.

Open finance partnership platform, mmob, has today announced the appointment of award-winning entrepreneur and sought-after expert in open banking and finance, Irfan Khan as CEO. 

CleverCards, a leading global payments platform, announced today that it has entered into a definitive agreement to acquire the business of ExpendiaSmart® including the related Italian Licensed Electronic Money Institution, subject to regulatory approval.

The Consumer Financial Protection Bureau (CFPB) issued a consent order today against 3rd Generation, Inc., doing business as California Auto Finance (California Auto) for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge. The CFPB’s order requires California Auto to refund or credit customers harmed by the conduct, furnish corrected information to credit reporting agencies, and pay a civil penalty and also prohibits the company from charging interest on late payments without disclosing costs.

Manuel Silva Martinez, General Partner, Mouro Capital:

“In the business and technology media, you often see references to a city being a leader in a particular sector or technology. Equally commonly, you hear politicians and business leaders talking about ways that their own cities can retain or get to the ‘top spot’ in their chosen sectors. Often, this is calculated by way of VC investment in particular cities and industries.

Waters Tec-hnology has announced Alveo, a leading financial data management solutions provider, as the winner of the prestigious Inside Market Data and Inside Reference Data Best Reference Data Managed Service award for 2021. The award follows increased adoption of, and momentum for Alveo’s PaSS managed data service with recent customers, including Mediolanum International Funds Limited, Bankia and Venerable Insurance and Annuity Company.

Cashflows, the platform that makes it easy for merchants to accept payments, today announces two additions to its leadership team to support its ambitious growth strategy. Ron Shteinberg joins as Senior Director of Product Delivery and Gary Allinson as Head of Product go-to-market for Marketplace, Independent Software Vendors (ISVs) and Payment Facilitators (PayFac). 

What does the product do? 

SteelEye simplifies trade and communications oversight and regulatory reporting through a unique, fully integrated, and cloud-based compliance platform. 

If there’s one tool that nearly every business uses or has used in the past, it’s spreadsheets. Whether you’re an Excel diehard or you take advantage of cloud-based Google Sheets, it’s long been a useful tool for personal use and basic data analysis. But what if we told you that it might be holding your business back?

New research has revealed that millions of Brits’ financial health has improved during the coronavirus pandemic.