Open Banking-powered ‘Cashflow Analyser’, launched by Yolt last year, will be used by Creditsafe to streamline credit decisioning.
New research by GoCardless found UK consumers are interested in using new technology that automatically moves their money from one account to another.
The company, which provides banks and credit unions with an engagement banking platform, has secured backing from Motive Partners.
New joint research by Token and Open Banking Expo has found that 81% are “likely” to make an account-to-account payment in future.
JP Morgan Growth Equity Partners led the funding round, which comes less than a year after Codat’s Series B fundraising.
The latest funding round has been led by TDR Capital and will help the fintech offer automated lending by improving the accuracy of its transaction enrichment data.
The new payment feature will “give businesses the opportunity to accept and receive payments anywhere”.