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182

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

132

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

157

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

133

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

206

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

145

‘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

368

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

565

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

279

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

388

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

312

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

266

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

335

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

294

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

350

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

264

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

279

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

294

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

431

Company Slammed by Short Seller Over Deals Says More Coming

China, Deals, Fintech news, p2p/online lending

February 6, 2017

324

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

246

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

358

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

368

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

385

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

372

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

1107

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