The European Union, known for its rigorous approach to consumer protection, has recently taken significant steps to reform its Consumer Credit Directive (CCD). As consumer credit becomes more prevalent across member states, this move signifies the EU’s proactive approach to financial regulation, particularly on the retail side.
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This week in FinTech brought successful funding rounds for the crypto investment platform Ziglu and Buy Now Pay Later unicorn Zilch. Meanwhile, the investment app Freetrade announced its seventh crowdfunding campaign that launches next week. Apart from that, we look into an exciting partnership in the lending world and a brand new app set out to propel climate investment.
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Buy now pay later solutions have been in the spotlight of the FinTech news feeds this week. Klarna has made a significant move towards further growth by partnering with another industry leader Stripe, while the German startup Billie has raised funding to bring BNPL to British businesses. However, BNPL is not all roses: a recent survey by Laybuy reveals that the majority of customers agree that credit checks should be required to access these products.
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This week in FinTech news we have exciting new launches in the realms of cashless credit, cross-border payments, and cashback initiatives. Besides that, a recent study has listed 10 top investment apps in the UK, some of which have scored over 80% increase in new users since March 2020. Get more details below!
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This week’s FinTech news are dominated by one topic: buy now, pay later FinTechs. The world is crazy about them, they keep raising millions, merging, expanding and doing all sorts of growth related stuff. Find out what exactly is happening in this sector right now!
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Last week was incredibly successful for several British FinTechs that closed their funding rounds with impressive results. We also take a look at the latest initiative announced by the UK government.
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Some big news today! Big investments, big launches and big decisions. Which companies, in addition to Freetrade and Robinhood, made headlines last week? Click to find out!
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