EU unveils plans to help banks clean up soured Covid-19 loans
Way to help Europe’s creaky banks navigate the downturn and be strong enough to lend during the recovery
Way to help Europe’s creaky banks navigate the downturn and be strong enough to lend during the recovery
Zilch, a London-based FinTech pegged to be the rival to Klarna, has closed an additional $30m in funding to close an oversubscribed pre-Series B in under three weeks.
The transaction is expected to complete by the end of 2021
Veteran fintech-focused investment house TTV Capital has struck a $127m final close for its fifth fundraise.
Growth equity firm Edison Partners led the latest funding round with participation from Gaia Capital Partners, Citi Ventures and Muse Capital
French investment giant Eurazeo has been picked to manage a new €420m healthcare fund launched by the French Insurance Federation and the Caisse des Dépôts.
Swedish open banking platform Tink has raised €85m in a funding round co-led by Eurazeo Growth and Dawn Capital.
The top global investment banks are on course for their best year in a decade, but McKinsey says this is not sustainable
Insurance and investment management giant Prudential Financial has launched a $300m venture capital fund, its first through subsidiary PruVen Capital.
Open banking platform Tink has added another €85m to its coffers in a new investment round-extension co-led by new investor Eurazeo Growth and existing investor Dawn Capital.
Gohenry, developers of a prepaid card that aims to help children build healthy financial habits, has collected $40m for its latest funding round.
French insurtech startup Luko has closed a €50m Series B funding round led by EQT Ventures to scale its insurance solutions backed by social responsibility efforts.
EQT Ventures has led a €50m series-B round for French home insurance startup Luko.
Private equity majors Carlyle and Hellman & Friedman have taken part in a $1bn investment to launch reinsurance business Vantage Group.
Fintech F1 Payments has picked up a strategic recapitalisation and growth investment from private investment house York Capital Management.
McKinsey partners are in vogue as banks face a fresh set of problems amid the pandemic. New Lloyds Banking Group boss Charlie Nunn spent five years as a senior partner at McKinsey
The deal with Canada’s Fairfax Financial Holdings to buy the run-off insurance services business is expected to close early next year
We are in an unprecedented crisis, which means banks' usual ways of segmenting customers may not work
