#FinancialInclusion / Freelancer banking startup Lili raises $15M

The startup… is creating a bank account and associated products designed for freelancers, with features like early access to direct deposit payments and the ability to set aside a percentage of income for taxes. … the platform has seen rapid growth this year, with … nearly 100,000 accounts opened since the launch in 2019 [as]Continue reading “#FinancialInclusion / Freelancer banking startup Lili raises $15M”

#DigitalBanking / Possible Finance raises $11m over Zoom; makes remote working permanent

Possible Finance, a Seattle-based digital short-term lender for people with poor credit … [raised] $11 million in funding via Zoom calls and …. [makes] the long-term switch to remote working. Possible lets people borrow up to $500, using real-time bank data, rather than credit scores, to make lending decisions… it distinguishes itself from payday lendersContinue reading “#DigitalBanking / Possible Finance raises $11m over Zoom; makes remote working permanent”

#PropTech / WoHo Raises $4.5M in Seed Funding, led by The Engine, to Transform the Design and Construction of Resilient Living and Working Spaces

WoHo (World Home), a technology company that transforms the way spaces are conceived and created… raised $4.5 million in seed funding. The company integrates architecture, engineering and construction into a single, streamlined platform to quickly design and construct high quality buildings. The investment round was led by The Engine, the venture firm spun out ofContinue reading “#PropTech / WoHo Raises $4.5M in Seed Funding, led by The Engine, to Transform the Design and Construction of Resilient Living and Working Spaces”

#InsurTech / Kiwi founder rolls out insurance analytics firm Pilotbird

New York-based insurtech startup Kiwi founder Evgeny Aleksandrov has introduced a new lifestyle analytics solutions firm, dubbed Pilotbird. The new company is designed to offer risk scoring, customer acquisition, and claims verification services for property and casualty (P&C) and life insurance firms via leveraged social data. [Evgeny Aleksandrov:] “We can provide carriers with risk andContinue reading “#InsurTech / Kiwi founder rolls out insurance analytics firm Pilotbird”

#BNPL / Lunar has raised $40m in funding as it prepares to extend its roster of products into the buy now, pay later and account aggregation and payment initiation space

… Lunar is set to activate multi-banking features and enable payments across Denmark, Sweden and Norway for its more than 170,000 users. Customers will be able to not only view but also move money between accounts, as well as pay bills from accounts from other banks, in one app. It also has its sets sightsContinue reading “#BNPL / Lunar has raised $40m in funding as it prepares to extend its roster of products into the buy now, pay later and account aggregation and payment initiation space”

#BNPL / Sales soar at Klarna rival Laybuy as buy-now-pay-later sector hots up

New Zealand-based buy-now-pay-later (BNPL) platform Laybuy has seen a 162 per cent increase in the total amount spent through its platform over the past year.  Laybuy’s customers have spent over NZ$508m (~£238m) through its platform and the BNPL fintech has also seen a 48 per cent increase in the number of active merchants using itsContinue reading “#BNPL / Sales soar at Klarna rival Laybuy as buy-now-pay-later sector hots up”

#CryptoCurency / Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play

Fintech giant PayPal confirmed its long-awaited move into digital assets… offering its 346 million users the chance to buy, hold and sell bitcoin, bitcoin cash, ether and litecoin… While the cryptosphere acknowledges the bullishness of a firm the size of PayPal making a move into the space, there was also concern that the new serviceContinue reading “#CryptoCurency / Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play”

#SocialBanking / Line launches ‘social banking’ platform in Thailand

Tech giant Line has begun offering integrated banking services to people in Thailand through its hugely popular social media platform. Japan-based Line has joined forces with Thailand’s Kasikornbank on Line BK, a "social banking" service. From this month, Thai users can sign up for Line BK under the wallet tab in the Line app andContinue reading “#SocialBanking / Line launches ‘social banking’ platform in Thailand”

#BankTech / Afterpay becomes first fintech to join Westpac’s banking-as-a-service platform

Westpac has introduced local buy now, pay later player AfterPay as the first third party fintech to operate on its new banking-as-a-service platform. The new digital platform uses cloud-native technology from 10x Future Technologies and allows Westpac to deepen its relationship with fintech partners as they tap into traditional banking services for the roll outContinue reading “#BankTech / Afterpay becomes first fintech to join Westpac’s banking-as-a-service platform”

#CryptoCurrency / Mode invests 10% of cash reserves in bitcoin

Mode, a UK fintech that just raised £7.5 million from a listing on the London Stock Exchange, has allocated up to ten percent of its cash reserves to purchase bitcoin and adopt it as a treasury reserve asset. With UK interest rates at a record low of 0.1%, Mode says it is seeking to diversifyContinue reading “#CryptoCurrency / Mode invests 10% of cash reserves in bitcoin”