Tymit receives £23m investment; & more!

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Welcome to your daily FinTech news!

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NEWS HIGHLIGHT

The Frasers Group, the listed owner of high street brands such as Sports Direct, Jack Wills and House of Fraser founded by Mike Ashley, has invested £23m in challenger credit FinTech Tymit. Following this Series A funding round, which was conducted with an undisclosed valuation, Frasers Group has become a ‘major minority’ investor in Tymit, which has now seen a total of £33m of investment to date. Link here

BREAKING NEWS

Wise is set to expand investment services across Europe with an Estonian license. The global technology company received the licence from the Estonian Financial Supervision and Resolution Authority, and said it will be bringing its Assets product to Estonia “in the coming quarters.” Link here

Apple will start to offer health insurance in 2024 as it looks to build on the health data it has acquired from the Apple Watch, an analyst has predicted. Link here