Posts in Finch Capital
London rental platform Goodlord raises £27 million

Online lettings service Goodlord will explore ways to expand its services after landing a £27 million investment, the Evening Standard can reveal. Goodlord has raised the cash from Highland Europe with support from Columbia Lake Partners, Finch Capital, Latitude and Oxx. Investors hope the cash will help the company repeat this year what it did last – more than double revenues.

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Pintek secures investment to help students, education institutions access loans in Indonesia

Pintek, a fintech platform providing credit to students, their families and education institutions in Indonesia, has secured an undisclosed amount in a fresh financing round led by Finch Capital. Accion Venture Lab and several unnamed angel investors also joined the round. As per a press note, the proceeds will be used for the expansion of Pintek’s product and tech team, as well as to educate the domestic market on education loans.

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TaxScouts raises £5M Series A to expand to Europe, first stop Spain

TaxScouts, the U.K. tax preparation startup founded by TransferWise and MarketInvoice alumni, has raised £5 million in Series A funding for European expansion. Leading the round is Octopus Ventures, with previous investors SpeedInvest, Seedcamp and Finch Capital following on. Also participating is Clocktower Technology Ventures, the U.S. venture capital firm specialising in financial technology.

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Finch CapitalCathy GuoComment
Accion Venture Lab invests in fintech platform Pintek to improve access to quality education in Indonesia

Pintek, an Indonesian fintech company that provides credit to both students and educational institutions, announced that it has secured funding from Accion Venture Lab, the seed-stage fintech investment initiative of Accion. While the size and price of the stake remain confidential, the typical size of an investment by Accion Venture Lab is USD 300,000 to USD 500,000.

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Indonesia’s Pintek raises funds to reach students, schools hit by Covid-19

Pintek, an Indonesian fintech company that provides credit to both students and educational institutions, announced that it has secured funding from Accion Venture Lab, the seed-stage fintech investment initiative of Accion. The startup didn’t disclose the funding amount, but said that the investment was part of its pre-series A round. Last year, it said it received pre-series A funding led by Rocket Internet-backed Global Founders Capital.

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Trussle raises £7.5m weeks after founder leaves mortgage broker

Online mortgage broker Trussle has landed £7.5m of funding, weeks after its founder left the business five years after opening its doors. The London-based firm said it received the cash from Dutch investment fund Rabo Frontier Venture, part of cooperative lender Rabobank, based in Utrecht. The move comes after founder and chief executive Ishaan Malhi (pictured) severed ties with the firm earlier this month. The former Bank of America Merril Lynch mortgage analyst set up the broker in 2015. The fintech said the fresh funds come at a “pivotal stage” of the firm’s development as it bids to overhaul the £1.5bn mortgage loan market.

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Grab lands $850 million to pump into financial services

Hong Kong (CNN Business)Ride hailing company Grab just secured nearly $1 billion to help achieve its super app ambitions. The Singapore start up is getting an $850 million cash boost from investors that it plans to pump into digital payments and financial services. The injection comes as Grab is battling for market share against Indonesia's GoJek. Japan's largest bank, Mitsubishi UFJ Financial Group (MBFJF), put up more than $700 million, with the rest coming from TIS, a Japanese IT solutions company.

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DAS UK and Goodlord introduce rent and legal protection offering

Property damage cover, legal expenses insurance, and contract dispute protection – these are just some of the features of a new policy rolled out by DAS UK Insurance for customers of Goodlord. Announcing the exclusive tie-up, the property technology firm said Goodlord users will benefit from a unique automated claims process that has been incorporated into its platform as part of the freshly launched rent and legal protection offering...

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Trussle CEO urges government to ensure shared ownership changes are 'financially beneficial' for borrowers

The government’s changes to shared ownership must be “financially beneficial” for mortgage borrowers, urges Ishaan Malhi, CEO and founder at Trussle (pictured above). The new measures aim to help more people get on the property ladder and allow them to increase their share at lower increments. As a result, people will be able to buy their home in 1% chunks, rather than 10% at a time. Ishaan explained that those on lower incomes often struggled to get any kind of a foothold on the housing ladder...

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Finch CapitalCathy GuoComment
Goodlord updates product and guidance ahead of Welsh Tenant Fee Ban

Property technology company Goodlord has updated its core product and issued guidance for Welsh clients ahead of the Tenant Fee Ban coming into force in Wales on 1st September. From September 1st, Goodlord’s platform will ensure every tenancy in Wales is compliant with the new regulations. Whilst the new legislation is similar to that brought into force in England in June, there are some key differences for letting agents operating in Wales. With Welsh letting agents facing a loss of, on average, £181.15 in fees per tenancy, the legislation is likely to result in a major shakeup for lettings agents and landlords, as well as a new rental reality for tenants...

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Trussle reiterates desire for mortgage switch guarantee

Trussle has stepped up its campaign to see a mortgage switch guarantee via a parliamentary reception. Sponsored by shadow city minister Jonathan Reynolds MP, Atom Bank director of intermediary lending Maria Harris, Citizens Advice policy lead Morgan Wild, Trussle founder and chief executive Ishaan Malhi as well as the aforementioned minister gave speeches outlining why they believe that introducing a new set of standards to help customers avoid moving onto a standard variable rate is in the best interest for the customer…

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Brickblock launches ScalingFunds

Brickblock Digital Services has launched Scaling Funds, a funds- as-a-service white label product that leverages blockchain technology to help fund managers automate investor onboarding, efficiently communicate with investors, and enable the trade or transfer of fund shares between eligible investors...

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Goodlord launches new fee ban compliant features

Property technology company Goodlord has updated its core product to ensure its clients remain compliant in the face of the new regulation coming into force on 1st June. They have also announced new services to help agents cut costs and increase revenues as the industry evolves. From 1st June, Goodlord’s platform will ensure each tenancy transaction is compliant with the new regulations. This includes the removal of applicable fees when selecting an AST or Licence tenancy and auto-generation of holding and security deposits which will be capped at the appropriate amount. Also from June 1st, tenants will be shown a draft copy of their AST agreement automatically via the platform, with Goodlord Tenancy Guides updated to confirm tenants have reviewed the document... 

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