FinTech firm Savvy gets £20mn investment

October 10, 2019 | Consumer Lending
Written by FinTech Alliance

Tags

UK Fintech
FinTech firm Savvy gets £20mn investment

UK FinTech Savvy.co.uk is set to double its workforce following a cash injection.

In Brief:

  • Savvy, based in Stockport and Wilmslow, will create 25 new jobs in the next year.

  • This follows £20mn investment from Cairn Capital.

  • The company aims to provide an ethical alternative to payday loans.

What does this mean?

The new jobs will focus on social media and marketing as the investment helps increase the company’s lending capacity. Group MD Mark Bowker described the investment as “transformational”.


Read more here.

 

More in Consumer Lending

Canada to launch first peer-to-peer lending platform
Consumer Lending
February 03, 2020

Canada to launch first peer-to-peer lending platform

Canadian FinTech goPeer has been given permission to operate. In Brief: goPeer is a peer...

Softbank to lead funding round for LatAm FinTech
Consumer Lending
January 27, 2020

Softbank to lead funding round for LatAm FinTech

AlphaCredit is gearing up for a funding round worth up to $125mn. In Brief: AlphaCredit...

PayU acquires Indian FinTech PaySense at $185mn valuation
Consumer Lending
January 10, 2020

PayU acquires Indian FinTech PaySense at $185mn valuation

Naspers-backed PayU’s India business has acquired Paysense, an Indian FinTech. In Brief:...

There are no Knowledge Bank in this category

There are no Events in this category