Chetwood Financial acquires Yobota

28th March 2022 Company News | #acquisiton

UK digital bank Chetwood Financial (Chetwood) has announced the acquisition of core banking provider Yobota to extend Chetwood’s Banking-as-a-Service (BaaS) capabilities. Founded alongside the bank in 2016 and developed as a separate entity, Yobota is a London-based technology company that has built a fast, flexible, cloud-native core banking platform. The platform allows companies to create and run innovative…

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Hitachi Capital rebrands as Novuna

14th February 2022 Company News |

UK financial services companies, Hitachi Capital (UK) is to become Mitsubishi HC Capital UK, trading in the market as Novuna in the UK and as Mitsubishi HC Capital group in Europe. The company, which employs over 1,600 and manages more than £6.3bn of net earning assets for over 1.3 million customers, is now part of…

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Tandem Bank to acquire Oplo

12th January 2022 Company News | #merger

Tandem Bank has announced it is acquiring consumer lender, Oplo with the merger aiming to create a fairer, greener digital bank for UK consumers. The newly combined business will create a leading digital bank with £1.2 billion of total assets supported by £1 billion of funding with more than 171,000 customers. Tandem’s CEO Susie Aliker…

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Payment software firm acquired by Secure Trust Bank

25th November 2021 Alternative Consumer Lending |

Secure Trust Bank PLC (STB) has announced that it has agreed to acquire AppToPay, owner of a proprietary technology platform to support STB’s planned entry into the digital Buy Now Pay Later (digital BNPL) market. STB, through its V12 Retail Finance business, is already a provider of point-of-sale retail finance, with a network of more…

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TransUnion announces investment in Monevo

Global insights and information company, TransUnion has announced its investment in UK-based fintech Monevo – a personal credit platform and API empowering lenders to deliver highly personalised credit offers to consumers via comparison websites and other third parties. Eligibility, also known as pre-qualification, is an important part of consumer lending. Pre-approved offers, or an indication…

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