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3330

LifePay Launched Internet Acquiring And Lending Services

LifePay has launched 2 new products in its line: online acquiring and SME-lending for working capital (in a month they are launching POS-lending – when entrepreneurs sell their goods and services on credit – this model is used by FinanceIt) (more…)

Fintech news, Hotnews, Mobile payments/banking, p2p/online lending, POS/mPOS and online acquiring

March 27, 2015

1568

Kabbage Expands to Australia in New White-Label Collaboration with Kikka Capital

FINOVATEKabbage has announced plans to move into the Australian market with a white-label offering of its small business lending technology. The launch in Australia represents Kabbage’s first foray into the Asia-Pacific region, having already been in operation in both the U.K. and the U.S. (more…)

Fintech news, news, p2p/online lending

March 26, 2015

1313

Lendio Raises $20 Million in New Funding to Help Finance Small Businesses

FINOVATE: Runa Capital has announced its participation in a $20.5M funding round of the American SME-lending platform Lednio. The round included participation by some large VCs, namely, Napier Park Financial Partners and Blumberg Capital. Lendio plans to use the capital to develop its SME-lending product, marketing and to expand its partnership program. According to the company’s representatives, it’s the third venture round for Lendio. The company has raised a total of $31M since 2011. Runa Capital joined the pool of its investors in 2013.

(more…)

Deals, Fintech news, news, p2p/online lending

March 24, 2015

1367

Online Lender Avant Acquires Debt Management Service ReadyForZero

TECHCRUNCH: Online lending platform Avant has acquired ReadyForZero, a Y Combinator-backed startup that helps consumers better manage their personal debit and credit using online financial software, the companies are announcing this morning. Financial terms are not being disclosed, but Chicago-based Avant had plenty of funds to play around with, having raised$334 million in equity capital, in addition to nearly a billion in debt.

(more…)

Fintech news, news, p2p/online lending

March 21, 2015

1488

This App Wants You To Borrow Money From Friends, Not Banks

WIREDLong ago, your parents probably gave you some advice: never borrow money from a friend. More importantly: never let your friends borrow from you. If the movies have taught us anything, it’s that mixing money and friendship rarely ends in anything other than blood and tears.

Skylar Woodward wants you to forget all about that. Woodward is the CEO of Puddle, a recently-launched service that lets you borrow money from your social network instead of through traditional avenues like banks and credit cards. Explained in brief: Throw money into a digital pot and you can take out five times as much as you’ve put in when you need it. So for example, say you throw $10 into your Puddle; that automatically gives you a credit line of $50 that you can dip into whenever you need.  $100 turns into $500 and $500 into $2,500. You can choose to pay off the borrowed monthly installments over either three or six months. No interest beyond a set fee for every month you’re paying back (this incentivizes early repayment Puddle says). Sound crazy? It’s really not. (more…)

Fintech news, p2p/online lending

February 12, 2015

1360

CommonBond Goes From Disruptor to Player

CRAINSNEWYORK: What if there were a $1 trillion-plus market so riven with inefficiencies and overburdened with regulation that even the most powerful companies inside it had grown eager to partner with the startups seeking to disrupt it? Welcome to the world of student loans.

(more…)

Fintech news, p2p/online lending

February 5, 2015