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Philippines Alt-Lender Lands Venture Funding

A Philippines-based alternative SME lender has landed new venture capital. (more…)

Fintech news, Hotnews, p2p/online lending

April 13, 2017

252

P2P lending platform Assetz Capital to raise interest rates for limited time

By Assetz Capital,

Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time. (more…)

Fintech news, Global trends, p2p/online lending

April 13, 2017

229

Getting The SME Crowdfunding Model Off The Ground

By PYMNTS

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. (more…)

Crowdfunding/investing, Fintech news, Global trends, Hotnews, p2p/online lending, SME

April 12, 2017

221

Capital Float Tops Up Capital Raise

By PYMNTS,

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 million raise announced Monday (April 10). (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia, p2p/online lending, SME

April 11, 2017

305

Payday loan firm hit by data breach

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach. (more…)

Global trends, Hotnews, p2p/online lending

April 10, 2017

Kabbage Exceeds $3 Billion Mark, Lends to over 100,000 SMEs

By  for Crowdfund Insider

Kabbage, a leading financial services, technology and data platform, announced it has extended more than $3 billion to small businesses across all 50 U.S. states, covering every industry. The company has also now served over 100,000 small businesses through its platform, representing the largest customer base of any online small business lender. (more…)

Fintech news, Global trends, p2p/online lending

April 10, 2017

360

Lending Club founder Renaud Laplanche is back with a new startup and $60 million in funding

By  for Techcrunch

Renaud Laplanche had a terrible no good very bad 2016. But the founder and longtime CEO of Lending Club is back with a new lending startup called Upgrade, along with the support of investors who’ve provided the company with $60 million in funding. (more…)

Global trends, Hotnews, Influences FinTech, p2p/online lending

April 7, 2017

Elevate Credit pulls off lending IPO

By Katie Roof for Techcrunch

After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. (more…)

Deals, Hotnews, p2p/online lending

April 7, 2017

243

Lackluster IPO shows subprime lenders still have hurdles to overcome

By Kevin Wack for American Banker

President Trump’s deregulatory push was supposed to be a bonanza for high-cost consumer lenders. (more…)

Global trends, Hotnews, p2p/online lending

April 7, 2017

223

Moneytree Sees Green with $9 Million Funding Round

By Julie Muhn (@julieschicktanz) for Finovate

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia, p2p/online lending

April 7, 2017

158

Ex-Santander Exec Joins MarketInvoice

Alternative lending firm MarketInvoice has welcomed a new executive from the traditional banking world. (more…)

Global trends, Hotnews, p2p/online lending

April 4, 2017

197

How These 2 Offbeat Online Lenders Could Help You Land Funding

You may not have heard of them, but these less-known online lenders could be your source of startup cash. (more…)

Fintech news, Global trends, p2p/online lending

April 3, 2017

LendingTree Launches Student Loan Comparison Tool

By David Penn for Finovate

LendingTree unveiled its Student Loan Refinance Tool this week. (more…)

Fintech news, Hotnews, p2p/online lending

March 30, 2017

201

Lidya Raises Funding to Expand Access to Capital for Underserved Small Businesses in Nigeria

By PR Newswire

Lidya, a leading fintech platform based in Nigeria, announced today that it has closed a US$1.25 million seed funding round to further its mission of easing access to finance for small and medium enterprises (SMEs) across Africa. (more…)

Global trends, p2p/online lending

March 30, 2017

248

Italian P2P mobile payments app Jiffy tops 4.2 million users

Jiffy, the service developed by SIA to send and receive money in real time from a smartphone using the cellphone number, has topped 4.2 million users. (more…)

p2p/online lending

March 21, 2017

194

‘Father Of P2P’ Giles Andrews Now Leads Two Alt Lenders

By PYMNTS

Alternative SME lending platform MarketInvoice has named Giles Andrews as its first chairman, and according to reports, that means Andrews will chair the board of not one, but two alternative lending platforms. (more…)

Fintech news, Hotnews, p2p/online lending, SME

March 21, 2017

418

A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper

By Julie Muhn for Finovate

The rumors from last August are true. P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Investors include affiliates of New Residential Investment Corp., Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager. (more…)

Deals, Fintech news, p2p/online lending

February 28, 2017

621

Online Lending for Students Is on the Rise

By Vladislav Solodkiy for LTP

Online lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online lending businesses and personal financial services. The investment round should include several Asian investors like Japan’s SoftBank and others. The new international group will purchase SoFi’s loans as well as take an equity stake. The fundraising round values SoFi at $4.3 billion, higher than its previous valuation of $3.2 billion.  (more…)

About, Fintech news, p2p/online lending

February 24, 2017

330

The future of student banking: Helping, not hindering

By Finextra

Synonymous with attending university in the UK is the student debt this racks up, typically totalling tens of thousands of pounds. From the rising tuition fees (currently at £9,000 a year), to rocketing living costs barely covered by maintenance loans, a recent report by social mobility charity Sutton Trust indicates that students are saddled with an average of £44,000 in debt by the end of their university career. (more…)

About, Analytics, Fintech news, p2p/online lending

February 24, 2017

466

Bitcoin P2P Lending Platform Bitbond Raises $1.2 Million in Equity Funding

By CryptoCoins News

Bitbond, a German peer-to-peer bitcoin loan platform closed an equity funding round of $1.2 million in new capital as it looks to fuel user growth in potential markets. (more…)

Blockchain, Cryptocurrencies, Fintech news, p2p/online lending

February 24, 2017

362

Ethereum-Based Humaniq To Deliver Banking 4.0 to 2 Bln Unbanked

By TheCoinTelegraph

Our London correspondent Nick Ayton caught up with Humaniq founder Alex Fork, who has an ambition to help eliminate poverty by delivering new banking options to emerging markets in Africa, Latin America and parts of Asia so that everyone who needs can get access to financial services. (more…)

Blockchain, Fintech news, Insurance, p2p/online lending

February 23, 2017

335

Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

427

Capital Float to disburse $746.5m in SME loans in FY18

By DealStreetAsia

SME lending platform, Capital Float, disbursed Rs1,000 crore in loans during the 10 months ended January 2017, and it expects to disburse Rs5,000 crore in the next one year, said top executives of the company. (more…)

Fintech news, India, p2p/online lending, SME

February 21, 2017

379

Online lenders like UangTeman to face new regulations in Indonesia

By TechInAsia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 18, 2017

447

Indonesia authority to allow on-balance-sheet lending for fintech startups

By Anisa Menur A. Maulani for e27

The proposal came about two months after the authority banned fintech startups from lending money directly to their customers. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 16, 2017

314

Fundbox Navigates SME FinTech Innovation

Small business finance is one of the most competitive, innovative and challenging markets in which to operate. 2016 was a big year for the industry, with some of the largest names in alternative finance faltering, the industry as a whole taking a wait-and-see approach to regulation and its ongoing expansion as new market entrants continued to filter in. (more…)

Fintech news, p2p/online lending, SME

February 9, 2017

336

Klarna agrees £60 million deal to acquire Wonga’s BillPay

By Finextra

Fast-growing Swedish payments startup Klarna has acquired Germany’s BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga. (more…)

Deals, Fintech news, p2p/online lending, POS/mPOS and online acquiring, SME

February 6, 2017

345

India: Capital Float raises $2.5m from IFMR, AdStringO to get $5m

Online credit platform Capital Float which is run by Zen Lefin Pvt. Ltd, has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance and its alternative investment fund through non-convertible debentures (NCDs). (more…)

Deals, Fintech news, India, p2p/online lending

February 6, 2017

505

Company Slammed by Short Seller Over Deals Says More Coming

China, Deals, Fintech news, p2p/online lending

February 6, 2017

389

N26 users can now get a credit line in five minutes

By  for TechCrunch

N26 is iterating at an incredible pace these days with a ton of new product features and geographical expansions to build the most modern bank in Europe. But the new features always follow the same motto — your current bank sucks, everything should be simpler. Today, N26 introduces consumer credit done right. (more…)

Fintech news, Mobile-first banks, p2p/online lending

February 6, 2017