financial services

Sarah Mishkin

London’s burgeoning fintech scene is about to get a bit bigger as a US start-up with a board of former Wall Street chief executives starts expanding internationally.

Orchard, a online direct lending platform, just raised $12m in venture funding with plans to open an office in London to tap into the UK’s growing demand, and government support, for direct lending.

 

Maija Palmer

For once it was not shopping and e-commerce that dominated that European VC funding rounds.

In March, financial services were the flavour of the month, with eToro and The Currency Cloud attracting investment. Both of them seek to disrupt the financial services sector by using either social networking or cloud computing to jazz up a staid industry.

Advertising solutions are also finding willing backers, including personalised online ads from MyThings and advertising to wrap around Android apps from StartApp .