Bloomberg Lulalend will unveil South Africa’s newest digital bank, Lula, by March after it secured $35 million to expand its business. Lulalend, a startup founded in 2014, will partner with Nigerian lender Access Bank to establish Lula. The neobank will offer a bespoke suite of products that address the challenges faced by small and medium-sized enterprises in managing their ...

  Bloomberg For the fifth straight quarter, European banks are set to match or beat Wall Street rivals after a debt trading surge last year saw revenues surge by almost 30%. Six of the region’s top investment banks — led by Barclays Plc and Deutsche Bank AG — are expected to show an average 29% increase in bond and currency ...

  Bloomberg Zopa Ltd. has completed a funding round of £75 million ($92 million) and is on the lookout for deals as early as this quarter. The raise from existing investors “cements” the UK fintech’s status as a unicorn with a valuation of $1 billion, the bank said on Thursday. Zopa, backed by investors including Softbank’s Vision Fund and Northzone, ...