U.K. fintechs are using their technology to assist British businesses and consumers during the coronavirus pandemic by helping banks disburse emergency business loans, enabling e-commerce merchants to offer installment payments to consumers, and giving employees access to salary advances.
Starling Bank raises £40 million, bringing 2020 total to £100 million
Starling Bank has raised £40 million (about $49 million) in its latest fundraiser as it steps up its support for small businesses, bringing its 2020 total to £100 million (about $123 million).
Coronavirus created mixed opportunities for crypto payments
As Erez Ben-Kiki and is wife tried to move her yoga business online — conducting classes via Zoom — they discovered that the process of monetizing such classes was surprisingly awkward. Ben-Kiki, the CEO and co-founder of company 2Key Network, spotted a gap in the market.