Jupiter Fund Management looks to sell its stake in Starling Bank; & more!

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Welcome to your daily FinTech news!

NEWS HIGHLIGHT

Jupiter Fund Management looks to sell its stake in Starling Bank. The UK-based asset manager owns a stake of approximately 10% in the challenger. According to the report, that share is worth over £200M. Link here.

FINTECH NEWS

#proptech

• Landa can make you a landlord with just $5. The way it works is similar to other fractional real estate ownership startups. Landa makes money by taking a 6% acquisition fee at the time of purchase. It also keeps 8% of the gross rent monthly. Landa has also secured $60 million in debt financing for its market expansions. Link here

#bnpl

• BNPL firm financing gun purchases. Democrat lawmakers have written to BNPL firm Credova Financial expressing "strong concerns" about its facilitation of online gun purchases. Link here


• BNPL giant Klarna losses quadruple. The firm says the losses were caused by rising defaults on borrowing and the cost of integrating recently acquired price comparison site PriceRunner. Link here