What's been happening in the world of fintech this week? Grab a glass of the good stuff – hell, grab the whole bottle – and we'll tell you all about it.
That's not an exit, *this* is an exit!
Credit-checking company Experian has announced plans to acquire UK credit startup ClearScore for a mahoosive £275 million. ClearScore was the first company to provide totally free credit checks and has six million customers. As Business Insider's Oscar Williams-Grut tweeted, the fintech firm is only two years old, meaning it has created an average additional value of £11.4m each month its existed. Would you credit it?
The season of Good (financial) Housekeeping
It’s nearly that time of year! One more weekend of [insert poo emoji] weather and it’ll be time for your financial spring clean. And Kalpana Fitzpatrick of Good Housekeeping has arrived in the nick of time with some brill tips, including cancelling subscriptions with our client Bean.
TrueLayer's as API as Larry with Open Banking
API specialist TrueLayer has continued to ride the wave of Open Banking by integrating with Starling Bank to enable customers to share their account data with third party apps. The partnership is the latest in a series for TrueLayer since Open Banking came into force, according to Finextra. Last month the firm integrated with Starling rival Monzo and P2P lending specialist Zopa.
Banking on more funding
SolarisBank, the “banking platform” co-founded by fintech company builder Finleap, has closed £50 million in Series B funding, reports Techcrunch. The firm supplies banking services to UK companies looking to offer financial services, including payments, e-money, account cards and lending.
Did we miss anything? Holler at us on Twitter over @foco_global