Savings app Chip completes £4M series A funding on Crowdcube

Savings app Chip completes £4M series A funding on Crowdcube

Chip, the savings app, has successfully completed its Series A funding round on Crowdcube, raising more than £4m and attracting a record-breaking 7,036 investors on the equity crowdfunding site. Chip is on a mission to build the best savings account in the world. It has already grown to 75,000 accounts, processed £58m of savings and […]

American Express strikes partnership with digital lender ezbob

American Express strikes partnership with digital lender ezbob

Global payment services company American Express has announced a new partnership with online financing platform, ezbob, to offer selected small-to medium-sized UK business customers fast, secure and competitive access to finance. Through the partnership eligible American Express business clients will receive a referral to apply for up to £300,000 in finance from ezbob at a […]

PayPal readies roll out of traditional banking services

PayPal readies roll out of traditional banking services

PayPal is looking to expand into something closer to a real bank, according to a report in The Wall Street Journal. It’s beginning to roll out more traditional banking services to customers, including ATM-compatible debit cards, direct depositing paychecks, and FDIC insurance. How PayPal can actually do this is fascinating since it doesn’t actually have […]

Ride-hailing app Grab now offers micro-loans and other financial services

Ride-hailing app Grab now offers micro-loans and other financial services

South East Asian ride-hailing firm Grab has moved deeper into financial services with the launch of a dedicated unit and the introduction of micro-loans and insurance products. Grab Financial will encompass all of Grab’s fintech offerings, including payments services, rewards and loyalty services, agent network services and now also financial services. Grab has been progressively […]

Chat app Line announces plan for cryptocurrency services, loans and insurance

Chat app Line announces plan for cryptocurrency services, loans and insurance

Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company has announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans and insurance. Line already operates […]

Citi Rolls Out Latest Advances in Mobile

Citi Rolls Out Latest Advances in Mobile

Effective immediately, US Citi credit cardmembers can scan their cards using their mobile device’s camera when activating in the Citi Mobile App. Once scanned, the company tells us, the card account number will populate within the registration, which serves to streamline the process. Citi is the only major US credit card issuer to offer the ability […]

Two-thirds of Brits Unlikely to Try a Mobile-only Bank

Two-thirds of Brits Unlikely to Try a Mobile-only Bank

63 per cent of Britons say they would be ‘unlikely’ to try a mobile-only bank, according a Nielsen study. The main reason given for this unwillingness was concerns over security, but preference for visiting a branch – 50 per cent higher than the global average – was also a factor. Of the 63 countries surveyed, […]

PayPal and Visa Reveal Strategic Alliance

PayPal and Visa Reveal Strategic Alliance

Payments platform PayPal and financial firm Visa have announced a strategic partnership that will see the two companies aim to consolidate their mobile payments offering, enhancing their security and growing the audience. According to Visa, the partnership will result in an improved and more seamless payment experience for Visa cardholders and will offer greater choice […]