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London fintech firms are set for a record year, despite Brexit

London has cemented its place as the leading centre for financial technology startups in Europe, with 2017 set to be a record year for investment, despite fears that Brexit would harm the industry. Investors have pumped over £825m into UK fintech companies so far this year, according research from the Mayor of London’s official promotional agency, London & Partners.

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EFL Merges with Lenddo

Psychometric credit scoring company Entrepreneurial Finance Lab (EFL) announced today it has merged with alternative credit score provider Lenddo. The two companies have joined forces to offer a suite of credit scoring and identity verification products. Both companies share a mission of “providing financial inclusion for more than one billion new and underserved individuals across the Read more…
The post EFL Merges with Lenddo appeared first on Finovate.

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Feedzai Lands $50M To Expand AI Fraud Prevention Business

Feedzai, an artificial intelligence (AI)-based fraud prevention company focused on helping enterprises manage risk and fight fraud in real time, announced Tuesday (Oct. 17) it had raised $50 million in funding. In a press release published by Business Wire, the company said it had recently closed a $50 million new funding round that included Series […]

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