p2p/online lending

Student loan computer


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



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



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



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



Fintech Philippines Infographic


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



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



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



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



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



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



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



Peer-to-Peer Lending in Vietnam


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



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



SoFi stalls IPO plans amid changing market, report says

By Fast Company

Online lender SoFi is changing course, according to an interview with Bloomberg. The company, which promised to go public back in 2015, now says it’s postponing a public offering. (more…)

Deals, Fintech news, p2p/online lending

December 20, 2016



Unsung hero: the bootstrapped startup that forearmed its users against a cash famine

By  for TechInAsia

Some 200 households in the residential societies along the Baner-Pashan link road in Pune, near Mumbai, have been spared the pain of the sudden cash famine in India. (more…)

About, Fintech news, India, p2p/online lending, SME

December 20, 2016

Landscape of the Singapore financial district


9 Fintech Solutions For SMEs In Singapore


For small and medium-sized enterprises (SMEs), dealing with their finances and ensuring appropriate funding can be a real struggle. The reasons are manifold: finances of SMEs are characterized by high complexity, yet are low scale. (more…)

Crowdfunding/investing, Fintech news, p2p/online lending, Payment processors/providers/gateways, Singapore, SME

December 20, 2016



6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016


Growth Capital Ventures Receives £1.1M Investment from Maven Capital Partners

By FinSMEs

Growth Capital Ventures (GCV), a London, UK-based developer and operator of specialist online investment and capital crowdfunding platforms, connecting entrepreneurs and earlier-stage businesses to investors, received a £1.1m investment. (more…)

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

December 17, 2016



Online lender BlueVine closes $49m Series D round

By Finextra

BlueVine, a leading online provider of everyday financing to small businesses, announced today it has closed $49 million in funding. (more…)

Deals, Fintech news, p2p/online lending, SME

December 15, 2016



Indifi Technologies, an Indian startup that helps SMEs get loans, raises US$10 million Series B

By Kevin McSpadden for e27

Indifi Technologies, a Gurgaon-based fintech startup that leverages technology to simplify the small business loan process, announced today it has raised a US$10 million Series B led by Omidyar Network. (more…)

Deals, Fintech news, p2p/online lending, SME

December 15, 2016



PayU India to launch new businesses in bid to become payments hub

Payments processing firm PayU India plans to launch two new businesses—consumer credit and digital banking—and accelerate merchant acquisition as it aims to diversify and become an all-round payments hub, chief executive B. Amrish Rau said. The company plans to process $10 billion in transactions in the year ending March 2018, up from an estimated $5.5 billion this financial year. (more…)

Deals, eWallets, Fintech news, India, p2p/online lending, Payment processors/providers/gateways

December 13, 2016



Alternative Data in Financial Services is a Double-Edged Sword

By Elena Mesropyan for LTP

Traditional methods of creditworthiness assessment can’t do much for the groups of the population that don’t fit the scheme. As a result, inclusive initiatives by financial institutions will always hit a wall of unstretchable rules and criteria. Meanwhile, a fairly large part of the global community struggles to access financial services – there are ~2 billionfinancially excluded people and ~1.5 billion of those who cannot prove their identity. (more…)

AI / Machine Learning / Big Data, Analytics, Banks, p2p/online lending, Security

December 7, 2016



9 Fintech Providers for Higher Investment Yields in Singapore


Investment opportunities in Singapore stand in a low yield environment and investors are increasingly turning to alternative Fintech solutions to generate a higher profit. Some options that have gained traction around the world, are Fintech companies that provide services such as peer-to-business (P2B) invoice financing, peer-to-peer (P2P) lending, real estate crowdfunding, and student loans, among others. (more…)

Crowdfunding/investing, Fintech news, Global trends, p2p/online lending, Singapore

December 6, 2016



China’s Peer to Peer Lending Meets Blockchain as Dianrong Joins Hyperledger Project

By Justin OConnell for CryptocoinsNews

Chinese peer to peer platform announced it will join Hyperledger Project, one of the world’s largest blockchain initiatives. According to the company’s press release, “ is the first Chinese P2P company to succesfully join the project.” (more…)

Blockchain, China, Fintech news, p2p/online lending

December 4, 2016



American Express backs India’s fintech sector, invests in IndiaLends

By  for TechInAsia

American Express’ investment arm has led a US$4 million series A funding in fintech startup IndiaLends, it announced today. (more…)

Deals, Fintech news, Global trends, India, p2p/online lending

December 1, 2016



The Filipino Startup Disrupting The Pawn Shop Industry

By Casey Hynes for Forbes

When David Margendorff arrived in the Philippines several years ago, the country’s financial system piqued his interest almost immediately. While working with a fintech startup, he became aware of the high percentage of unbanked people and what he calls the “weak consumer banks.” As an entrepreneur, he was keenly aware of the Philippines’ potential for fintech innovations and he soon found an opportunity to disrupt one of the oldest industries on the books – pawn shops. (more…)

Deals, Fintech news, p2p/online lending, Philippines

November 29, 2016



SmartFunding raises US$490K to help SMEs sell their invoices to investors

By Yon Heong Tung

Peer-to-Business invoice financing platform SmartFunding has raised a S$700,000 (US$490,000) seed funding from Fintech Asia Group, the fintech venture builder arm of ASX-listed Fatfish, and Australian investment firm Investorlend. (more…)

Deals, Fintech news, p2p/online lending, SME

November 28, 2016



UAE supply chain finance startup Invoice Bazaar closes investment from Advance Global Capital

By Shiwen Yap for DealStreetAsia

Advance Global Capital (AGC) has invested in Invoice Bazaar, a FinTech supply chain finance platform- that offers receivables purchase from SME suppliers- in the United Arab Emirates (UAE). (more…)

Deals, Fintech news, p2p/online lending, SME

November 22, 2016



Indian small business lender Aye Fin raises $10.3 million in funding

By  for TechInAsia

Delhi-based non-banking finance company Aye Finance raised a US$10.3 million in series B round from LGT IV and existing investors SAIF Partners and Accion. The latter two had previously contributed close to US$3 million in December last year. (more…)

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

November 21, 2016