P2P ratings and research firm 4thWay has released a list of the UK's top P2P lenders by loan originations; Zopa, FundingCircle and RateSetter lead the market with originations nearing 2 billion British pounds ($2.46 billion); UK property lender Wellesley, which has reportedly been struggling for capital, tops the list with 366.5 million British pounds ($451.48 million) in loan originations. Source
European venture capital firm 83North has announced the closing of a $250 million investment in its fourth fintech fund; the firm focuses on startup investments in Europe and Israel and says that its fourth fund will continue to invest in those regions; the firm's latest investment brings its total capital under management to $800 million; the firm says it sees a greater opportunity for startup investment throughout Europe following Brexit. Source
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French fintech has been nipping at the heels of the UK and Germany for some time. With significant support from the political agenda and increased VC funding, could they soon be the EU's fintech hub?
French fintech has been nipping at the heels of the UK for some time. Diversification and increased VC funding may soon push them to the top.