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345

Company Slammed by Short Seller Over Deals Says More Coming

China, Deals, Fintech news, p2p/online lending

February 6, 2017

n26-internationalization-france

233

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

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Why this niche lender went DIY to build a sales app

By Bryan Yurcan for American Banker

EnerBank USA has built its business over the last 15 years by financing home improvement projects nationwide over the phone. It is now looking to disrupt itself with a homegrown app.

(more…)

Banks, Fintech news, Mobile payments/banking, p2p/online lending

February 4, 2017

Trussle Raises £4.5M in Funding

By FinSMEs

trussle

Trussle, a London, UK-based online mortgage broker, raised £4.5m ($5.68m) in funding.

The round was led by Orange Growth Capital with participation from existing investors LocalGlobe, Zoopla and Seedcamp, and angel investors Ed Wray and Ian Hogarth. (more…)

Deals, Fintech news, p2p/online lending

February 1, 2017

lendmart-canada-sme-small-business-lending-finance-capital-platform-marketplace-alternative-launch

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LendMart Opens For SME Lending Business In Canada

By PYMNTS

A new alternative lending service for SMEs is launching in Canada.

LendMart announced Tuesday (Jan. 31) that it is rolling out its small business financing services in the country to help businesses find a loan from somewhere other than a traditional bank. (more…)

Fintech news, p2p/online lending, SME

February 1, 2017

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Zopa Surpasses £2 Billion Loan Mark

By David Penn for Finovate Blog

P2P lender Zopa had a busy Q4. The company earned accolades at the AltFi and F5 Awards, unveiled a new look, announced a plan to launch a challenger bank, and partnered with Airbnb. And growth begets growth: today the company announced it has broken past the £2 billion ($2.5 billion USD) loan milestone. (more…)

Fintech news, p2p/online lending

February 1, 2017

Spotcap Launches in New Zealand with A$20M from Heartland

By FinSMEs

spotcapBerlin, Germany-based online lender Spotcap is launching New Zealand operations in Auckland and received A$20m in financing. (more…)

Deals, Fintech news, p2p/online lending, SME

January 31, 2017

Currency Capital Receives Growth Capital Investment

By FinSMEs

131Currency Capital, a Los Angeles, CA-based online equipment financing exchange serving owners of small- and medium-sized companies, raised a growth capital funding. 

Lovell Minnick Partners made the investment, which will support Currency Capital’s growth strategies. (more…)

Deals, Fintech news, p2p/online lending, SME

January 31, 2017

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LendingClub Chairman Launches New Fintech VC Fund

By PETER RUDEGEAIR for The Wall Street Journal 

Nyca Partners, a venture-capital firm founded by veteran banker and LendingClub Corp. Chairman Hans Morris, announced Friday that it raised a new $125 million fund to invest in financial-technology startups. (more…)

Analytics, Deals, Fintech news, p2p/online lending

January 28, 2017

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319

LendingRobot launches automated hedge fund secured by blockchain tech

By  for VentureBeat

Bots are taking over — we all know that — and one of the latest sectors to succumb to the trend is fintech. LendingRobot, a robo-advisor for peer-to-peer (P2P) lending, announced today the launch of LendingRobot Series, an automated hedge fund designed as an alternative to fixed income investments. (more…)

AI / Machine Learning / Big Data, Blockchain, Fintech news, p2p/online lending, Wealth management

January 26, 2017

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Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

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Ford invests in digital financing outfit AutoFi

By Finextra

There’s a new way for customers to purchase or finance a new Ford vehicle in minutes – right from a dealership website from anywhere, on any device – through a new platform from Ford Motor Credit Company and financial technology company AutoFi. (more…)

Deals, Fintech news, p2p/online lending

January 23, 2017

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368

Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

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The ‘Socialization’ of Financial Services

By Elena Mesropyan for LTP

Peer networks play an important role in delivering financial services nowadays, bringing the element of social into traditionally corporate-dominated industries. (more…)

About, Global trends, Mobile payments/banking, p2p-payments, p2p/online lending

January 23, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

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How Fintech Can Disrupt the $14T Mortgage Market

By Barbara A. Friedberg for Investopedia

Fintech, which has already disrupted the payments, banking and financial advisory markets, is beginning to enter the $14 trillion mortgage market. Given the growing popularity of digital financial solutions, there appears to be a demand for electronic mortgage solutions among home buyers and sellers alike. (more…)

Banks, Fintech news, Global trends, p2p/online lending

January 20, 2017

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The U.S. Is Suing its Largest Student Loan Servicer Because It ‘Failed’ Borrowers

By Peter Dazeley for Fortune

The largest U.S. student loan servicer, Navient (NAVI, -1.18%), cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company. (more…)

About, news, p2p/online lending

January 20, 2017

Destacame Closes Seed Financing Round

By FinSMEs

destacameDestacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.

The round was led by Accion Venture Lab, with participation from Mountain Nazca and Chilean angel investors. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, p2p/online lending

January 18, 2017

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WEX, OnDeck Double-Team Against SME Funding Gaps

The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. (more…)

Banks, Fintech news, p2p/online lending, SME

January 18, 2017

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Could Fintech Be in a Bubble?

By Amy Bell For Investopedia

While skeptics claim the fintech bubble will soon burst, many experts believe this innovative sector will keep on booming. Fintech, short for financial technology, became a major buzzword in 2015. That’s when a herd of fintech startups emerged and pronounced they would disrupt the financial industry – from established banks to payment firms. In 2015 financing for fintech startups surpassed $20 billion, a 66% increase over 2014. (more…)

Analytics, Banks, Deals, Fintech news, Global trends, p2p/online lending

January 18, 2017

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Is Alternative Lending a Perishable FinTech Segment?

By Elena Mesropyan for LTP

Despite competitive propositions and momentary advantages that alternative lenders may have over incumbents, it is likely that banks will eventually drive this particular FinTech segment out of business. That moment, however, will come after a brief time of mutually beneficial collaborative work that we will witness in the years ahead. (more…)

Analytics, Banks, Fintech news, p2p/online lending

January 14, 2017

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Fintech Philippines Infographic

By 

Check out our newest Fintech Philippines Infographic.  Also check out separate Fintech Philippines Startup Report and our Fintech Philippines Startup List. (more…)

Analytics, Blockchain, Crowdfunding/investing, Fintech news, Mobile payments/banking, p2p/online lending, PFM/PFP services

January 13, 2017

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P2P lending unicorn Funding Circle raises another $100M led by Accel

By  for TechCrunch

Make way for another large fintech investment out of Europe. Funding Circle, the London-based peer-to-peer lending platform that lets small businesses connect with investors willing to lend them money, has raised another $100 million in funding of its own, led by Accel with participation from other previous investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures. (more…)

Deals, Fintech news, p2p/online lending

January 12, 2017

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Alternative, Traditional SME Finance Spheres See Growth

The past few years have seen some of the largest changes in the history of small business lending, and that evolution hasn’t been stifled by borders. Across the globe this week, new small business lenders emerged, new data on SME lending rates surfaced and new initiatives to provide small business with access to capital launched — in both the traditional and alternative spheres. (more…)

Analytics, Fintech news, Global trends, p2p/online lending, SME

January 9, 2017

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China Cracking Down On P2P Lending

The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. (more…)

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

January 9, 2017

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Alternative SME Finance Just Might Survive In 2017

Earlier this month, marketplace lending site Biz2Credit released the findings of its most recent small business lending index. The data revealed that SME loan approval rates at big banks were at an all-time high, hitting 23.7 percent in November. Small banks saw their loan approval rates tick up, too, to 48.8 percent. Meanwhile, approval rates among alternative lenders sunk down, a finding that Biz2Credit CEO Rohit Arora said could be a sign of negative times ahead. (more…)

Fintech news, p2p/online lending, SME

December 28, 2016

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Lender Argon Credit Files For Bankruptcy

Argon Credit, the Chicago online lender, reportedly filed for bankruptcy protection last week, with negative implications for Ranger Direct Lending Fund of the U.K. (more…)

Fintech news, p2p/online lending

December 27, 2016

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Goldman, KKR Among Heavyweights Drawn to India’s Growth in Nonbank Lending

By Shefali Anand for The Wall Street Journal

India is seeing a surge in lending from financiers outside the banking system, a development that has attracted the attention of global players including KKR & Co. and Goldman Sachs Group Inc. (more…)

Banks, Deals, Fintech news, India, p2p/online lending

December 27, 2016

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Peer-to-Peer Lending in Vietnam

By 

Access to and use of formal financial services is low in Vietnam compared with other countries in the region, with only 31% of all adults having formal bank accounts in 2014, according to the World Bank. (more…)

Crowdfunding/investing, Fintech news, p2p/online lending, Vietnam

December 26, 2016

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European online alternative lending market volumes grew 23% between 2015 and 3Q 2016

By Finextra

TWINO, Europe’s fastest growing peer-to-peer (P2P) lending platform, and KPMG today announce the publication of ‘Alternative lending market trends in Continental Europe in 2016’ – a major piece of research on the state of the alternative finance market across the continent. (more…)

Fintech news, Global trends, Marketing Report, p2p/online lending

December 23, 2016