New law
Investec sets aside €57m for UK fintech loans
In sign that new EU banking law may be spurring banks and fintech startups to tie-up, Investec forms pilot programme with MarketInvoice.
In a sign that a sweeping new European Union (EU) banking law may be spurring banks and fintech startups to tie-up, Investec has formed a pilot programme with MarketInvoice, a British online lender to businesses.
London-based MarketInvoice, which arranges loans for small companies secured by accounts receivable, will handle the underwriting for Investec customers in the partnership, according to the bank’s website.
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