A major sell-off in the stock market is giving investors jitters as August begins in earnest. Funding news for companies in lending and wealth management leads the fintech news this week. Be sure to check back over the next few days for the latest updates and announcements.
Lending
U.K.-based SME lender Shawbrook partners with nCino to automate loan origination.
Alternative financing company for mid-sized SMEs, ThinCats, secures a £75 million mezzanine facility.
Loyalty and rewards
Bilt Rewards receives $150 million investment at a valuation of $3.25 billion.
Digital banking
Missouri Central Credit Union partners with Bankjoy to enhance its digital banking capabilities.
Banking technology and Banking-as-a-Service (BaaS) innovator Mbanq launches new suite of white-label mobile digital banking apps.
Wealth management
Financial advisor platform Savvy Wealth secures $26.5 million in Series A funding.
Payments
International trading broker Markets.com selects Worldpay to monitor its global payments processing and fund disbursements.
Payments platform Thredd introduces Chief Client Officer Brian Kieley.
Cybersecurity
Fingerprint Cards appoints David Eastaugh as Chief Strategy and Technology Officer.
Photo by Karolina Grabowska
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Conclusion:
As the stock market experiences a significant sell-off, investors are on edge as we head into the month of August. The fintech industry is abuzz with funding news in lending, wealth management, digital banking, and more. Exciting partnerships, investments, and launches are shaping the future of finance, indicating a dynamic and evolving landscape. Stay tuned for the latest updates and developments in the world of fintech.
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May your investments be profitable and your financial endeavors successful!
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