Trussle scoops up £4.5m from Orange Growth Capital
UK online mortgage broker Trussle has raised £4.5m in a new funding round as it reaches a milestone of £1bn worth of mortgages. Read more: www.fintechroundup.com
New online bank Loot, run by a 22-year-old, launches
Loot offers a pre-paid card and a smartphone app that it says will ensure you will never overspend again. Read More: home.bt.com
Starling Bank and Monzo weaponise their APIs
Starling and Monzo are maximising their competitive advantage by utilising open APIs, says Daoud Fakhri, which could distinguish them in the marketplace. Read more: banknxt.com
Starling Bank strikes money transfer deal with TransferWise
TransferWise will provide money transfer services to customers of digital bank Starling when it launches later this month. Read more: www.ft.com
Blockchain technology benefits to insurance industry
The first possible application of blockchain technology is the near-complete automation of the insurance process. Read more: www.nasdaq.com
InsurTech’s pay-as-you-go promise
Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover. Read more: www.propertycasualty360.com
Big data, big opportunities for insurance
Insurers have to be upfront with consumers that there are risks involved, but remain open about how they plan on using their data - leaving no room for doubt. Read more: www.insurtechnews.com
RealtyShares crowdfunds $3m for Blue Mountain
Real estate crowdfunding platform RealtyShares has raised $3m through its platform for Salt Lake City-based residential property developer Blue Mountain. Read more: www.fintechroundup.com
AmBank in mobile banking with Backbase
The mobile solution is part of the bank’s new digital banking platform, supplied by Backbase. The roll-out is underway. Read more: www.bankingtech.com
Albert pockets $2.5m for savings app
Financial advice app Albert has raised $2.5m in a seed funding round from 500 Startups and 500 Fintech as well as Bessemer Ventures Partners. Read more: www.fintechroundup.com