Kroo Secures £17.7M in Series A Fuding to Build a Social, Sustainable Bank
- 2 years 8 months ago
- Fundraising News, Banking
· UK fintech Kroo has raised £17.7m from lead investor Rudy Karsan and others in a Series A funding round · Kroo is building a truly social bank that helps users reduce anxiety around finances and champion social causes and was named Best Newcomer in the 2021 British Bank Awards · Kroo will use the funding to support its mobilisation phase, grow its team and secure a full banking license.
Tap Into your Liquid Gold Reserves at Mulberry Bank Auctions
- 2 years 8 months ago
- Banking
Scotch Whisky Cask Auctions achieve record prices! There are many fortunate souls among us who have purchased or inherited casks of whisky, had them stored in dusty warehouses for years, and then find ourselves with the quandary of what to do with them. Often, we haven’t paid huge amounts for the cask in the first place, buying them before the whisky boom of the last decade, but are aware that whisky has in many circumstances become more... more
Atom Bank Reaches Key Income and Trading Milestones in Q1 2022
- 2 years 8 months ago
- Trading Systems, Banking
Atom bank, the Durham based Fintech, has made significant progress in the first quarter of its 2022 financial year passing several important income milestones. The Q1 results vindicate Atom’s business model and support a strong trajectory towards sustainable profitability. During the 3 months April to June 2021, Atom reached £3bn of mortgage completions, passed £1bn of deposits into its Instant Saver product, grew total customer deposits 16% to... more
Two Thirds of SME Leaders Anticipate Never Repaying Government Covid Support Loans
- 2 years 8 months ago
- Alternative Finance
Nearly one in 10 (9%) have defaulted on Covid loans before starting repayments Two thirds (66%) of SME leaders who received financial support from the Government’s Covid loan schemes say it’s likely their business will default on the loan, according to new research1 from Nucleus Commercial Finance. This equates to 2.3 million SMEs who anticipate never repaying their loan.2
First FinTech Super App for SMEs in UK & Ireland Launches Funding Round
- 2 years 8 months ago
- E-Commerce, Payments, Banking
• Paysme launches £1 million funding round on Globacap platform • Paysme is a single platform that delivers FinTech services such as mobile payments, e commerce, digital banking, accounting, lending and insurance via a Super App • Paysme is designed to support the UK’s six million underserved SME companies
Nucleus Commercial Finance Hires Business Development Manager as SMEs Seek Further Financial Support
- 2 years 9 months ago
- Banking, Alternative Finance, People Moves
Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, today announces that Sam Percival has joined as Business Development Manager for London and the South East. The appointment comes at a crucial time as SMEs show increased demand for finance following the removal of Covid-19 lockdown restrictions.
Yet Another Solid Set of Results for Illimity
- 2 years 9 months ago
- Banking
NET PROFIT OF 14.9 MILLION EURO IN THE SECOND QUARTER OF 2021 (+18% OVER 1Q21) TAKING THE NET RESULT FOR THE HALF-YEAR TO 27.4 MILLION (+85% VS. 1H20)
ING to redeem ING Perpetual Securities II and ING Perpetual Securities III
- 2 years 9 months ago
- Banking
ING announced today that it will redeem two series of outstanding perpetual securities: the €750 million ING Perpetual Securities II (NL0000113587) and the €1 billion ING Perpetual Securities III (NL0000116127), both on the optional redemption date of 30 September 2021.
ING Posts 2Q2021 Net Result of €1,459 ZMillion
- 2 years 9 months ago
- Banking
2Q2021 result before tax of €2,065 million; capital position strengthens to 15.7% • Growth in fee income of 18.3% year-on-year, especially in daily banking and investment products. Net interest incomedeclined due to liability margin pressure. • Net release of risk costs following an update of macroeconomic indicators. Expenses remained under control. • Shareholder distribution of €3,618 million after 30 September 2021. More customers choose ING... more
OFG Bancorp Invests $3 Million in Nymbus
NYMBUS®, a leading provider of banking technology solutions, today announced a $3 million financing round led by OFG Ventures, LLC, a subsidiary of OFG Bancorp [NYSE: OFG].
LBank Recruits Philippine Elites Community Ambassador to Share Crypto Growth Dividends
- 2 years 9 months ago
- Banking
As an innovative global trading platform for various crypto assets, founded in 2015. LBank officially launched the Philippine Ambassadors Recruitment in August 2021. LBank provides its users with safe crypto trading, specialized financial derivatives and professional assets management services. It has become one of the most popular and trusted crypto trading platforms with over 5.6 million users in more than 50 countries around the world.
Sber Named World's Strongest Banking Brand And Russia's Most Valuable Brand
- 2 years 9 months ago
- Banking
Sber named world’s strongest banking brand and – for the fifth year running – Russia’s most valuable brand
Barclaycard Payments Appoints Colin O’Flaherty as Head of Small Business to Drive Commercial Growth
Colin O’Flaherty joins Barclaycard Payments from American Express as Managing Director, Head of Small Business O’Flaherty brings almost 20 years’ experience in payments, card services, business development and customer rewards to the role Appointment comes at an integral moment for the UK’s largest payments provider as it focuses on making it easier, faster and more rewarding for its small business customers to pay and get paid
Australia’s Newest Digital Bank Goes Live on Temenos to Champion Fairer, More Human Banking Experiences
- 2 years 9 months ago
- Banking
Alex, Australia’s newest digital bank, goes live on The Temenos Banking Cloud to create a hyper-efficient cost structure and offer better value lending products and services to retail customers · Temenos technology simplifies Alex’s loan application journey, facilitating 3-minute application times and the delivery of nearly 10,000 loans in the last six months
