SAN FRANCISCO (Reuters) - Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according to a new report out Wednesday. Years of hype that led to high valuations, concerns over high loan losses among online lenders and industry scandals such as Lending Club Corp falsifying loan documentation, has resulted in a slowdown for the U.S. fintech market, say...

London-based startup Blockchain has raised $40 million (31.5 million pounds) in a fresh round of funding as the software company rides a wave of enthusiasm for digital currency technology. The financing round, the largest for a financial technology company since Britain's vote last year to leave the European Union, was led by the venture capital arm of Alphabet Inc (GOOGL.O) and Lakestar, Blockchain said on Thursday. Nokota Management and Digital Currency Group also participated in the...