UK fintech firm iwoca secures €54 million in debt and equity funding

London-based alternative lending platform iwoca has raised a €24 million Series C round of funding, led by Prime Ventures which invested €14 million, with participation from existing investors Acton Capital Partners, CommerzVentures, Global Founders Capital and Redline Capital. In addition, Iwoca has secured a €30 million secured debt facility from a syndicate of investors led […]

Fintech startup Aire secures $2 million in funding and regulatory approval

Aire, a London-based fintech startup, has raised $2 million in new funding, led by White Star Capital with participation from Sunstone Capital and Accion Venture Lab. The startup has also announced that is now authorised by the UK’s Financial Conduct Authority (FAC), an independent regulator. Aire has built a machine learning algorithm that generates a […]

MasterCard acquires UK-based payment systems company VocaLink for more than £700 million

MasterCard today announced that it has acquired 92.4% of London-based payment systems company VocaLink for about £700 million (approximately $920 million). Under the agreement, a majority of VocaLink’s shareholders will retain 7.6% ownership for a minimum of three years. VocaLink’s existing shareholders also have the potential for an earn-out of up to an additional £169 […]