Finance, Money, Interest, Predatory lending, Credit, Debt

London BNPL fintech Zilch latest to enter UK market with $30m

On Dec 17, 2020
@FinTech_Futures shared
London BNPL fintech @PayZilch lands $30m - it claims to be the only player merging open banking with soft credit checks https://t.co/ArnCgo5nPJ
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The start-up landed its consumer credit authorisation from the Financial Conduct Authority (FCA) just a few weeks before the raise.

www.fintechfutures.com
On Dec 17, 2020
@FinTech_Futures shared
London BNPL fintech @PayZilch lands $30m - it claims to be the only player merging open banking with soft credit checks https://t.co/ArnCgo5nPJ
Open

London BNPL fintech Zilch latest to enter UK market with $30m

London BNPL fintech Zilch latest to enter UK market with $30m

The start-up landed its consumer credit authorisation from the Financial Conduct Authority (FCA) just a few weeks before the raise.

UK BNPL startup Zilch scoops $30 million in funding

UK BNPL startup Zilch scoops $30 million in funding

Zilch, a UK-based startup competing with the likes of Klarna in the buy now, pay later market, has picked up an additional $30 million in funding just weeks after securing a consumer credit ...

Klarna rival alert: London’s buy-now-pay-later fintech drums up £22.3M funding

Klarna rival alert: London’s buy-now-pay-later fintech drums up £22.3M funding

Zilch, London-based Klarna-competitor has announced to have secured an additional $30 million (approx £22.3 million) equity funding.

British AI fintech startup ilumoni raises €380K to make it easy for people to borrow well

British AI fintech startup ilumoni raises €380K to make it easy for people to borrow well

ilumoni, the British fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised more than €380K pre-seed investment backed by Move ...

Wonga’s woes spell the end of the payday-loan era

Wonga’s woes spell the end of the payday-loan era

But as short-term lenders go under, Britain’s debt problem is growing

PiggyBank no longer goes to UK lending market

PiggyBank no longer goes to UK lending market

UK payday lender PiggyBank will no longer be able to offer high-cost short term loans as it has entered administration. On the Financial Conduct Authority (FCA) website and PiggyBank’s ...

The affordable credit challenge: why FinTechs and the responsible finance industry must work together to innovate

The affordable credit challenge: why FinTechs and the responsible finance industry must work together to innovate

Open Banking, the data revolution, fintech innovation and smart phone penetration are all changing the way customers interact with financial services. We are calling on FinTech’s to partner ...

Call for tougher controls as ‘buy now, pay later’ deals spiral

Call for tougher controls as ‘buy now, pay later’ deals spiral

Campaigner Ros Altmann claims recent boom in style of financing threatens another credit crisis

Fintech TrueAccord, which Helps Firms Negotiate Debt Payments, Introduces “Engage,” a Direct-to-Consumer Portal

Fintech TrueAccord, which Helps Firms Negotiate Debt Payments, Introduces “Engage,” a Direct-to-Consumer Portal

Fintech TrueAccord, which helps firms negotiate debt payments, introduces "Engage," a direct-to-consumer portal.

Credit Suisse Revisits Mozambique

Credit Suisse Revisits Mozambique

Credit Suisse is in the spotlight in Mozambique – for efforts to restructure part of $1 billion in defaulted debt.  ...

Police hunt loan sharks riding Britain's rising tide of debt

Police hunt loan sharks riding Britain's rising tide of debt

Armed police shin up ladders to scale an imposing security fence and rush past palm trees to raid a sprawling mock-Tudor property in search of evidence.

Fintech launches portal to let consumers negotiate debt issues with banks

Fintech launches portal to let consumers negotiate debt issues with banks

TrueAccord has expanded a platform, originally designed for banks, to assist borrowers hurt by the coronavirus pandemic.