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Online lending
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1156

Venture-Capital Firms Dial Back on Fintech; Funding to Online Lenders Plunges

By Yulia Chernova for WSJ Venture Capital

Financial technology startups, which are highly susceptible to broader economic turbulence, have hit a downdraft in venture capital funding. (more…)

Fintech news, Global trends, p2p/online lending

April 26, 2016

1088

Making sense of the lending industry’s rapid changes

By Mike Lobanov for Techcrunch

“A horse is here to stay, but the automobile is only a novelty — a fad.” (more…)

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

April 18, 2016

5921

P2B-, SME- online loans and Factoring

New technology has fuelled the growth of alternative lenders which offer both higher yields to investors and faster, cheaper, more convenient loans for borrowers than traditional banks. Private investors are continuing to plow hundreds of millions of dollars into alternative-lending startups at valuations of more than $1 billion.

Read our full research“Money of the Future”. Download PDF (20MB) (more…)

Fintech news, Hotnews, InspirAsia, SME

March 29, 2016

835

Deals: Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC

By Ingrid Lunden for techcrunch.com

Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitability — has added another $11 million (€10 million) to its Series C round of funding. (more…)

Deals, Fintech news, Global trends, p2p-payments

March 24, 2016

2034

Online Lending

For centuries, banking has remained fundamentally unchanged. For the first time in banking, the online marketplace makes it possible for a third party to match idle supply and demand. As a result, lenders and borrowers can now find one another and agree to terms – all without the involvement of retail banks or credit card companies. 

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Cashless, Fintech news, Global trends, Hotnews, p2p/online lending

March 24, 2016

1210

How China is pioneering alternative finance and P2P lending

By Hariett Green for City AM,

The Asia-Pacific alternative finance market grew 323 per cent last year, to $102.8bn. China was responsible for 99 per cent of that, with four-fold growth to $101.7bn in 2015. (more…)

Banks, Cashless, China, Fintech news, Global trends, p2p-payments, p2p/online lending

March 18, 2016

1383

Online Financing in China

TechCrunchChina Rapid Finance, which claims to be the country’s largest online consumer lending marketplace, has closed a $35 million Series C round led by Broadline Capital. The round pegs the company’s pre-money valuation of $1 billion. China Rapid Finance is reportedly gearing up for an initial public offering in the U.S. (more…)

China, Deals, InspirAsia, p2p/online lending

July 29, 2015

867

ZestFinance Launches Basix Online Loans For People With ‘Near-Prime’ Credit History

VentureBeat: Startup ZestFinance today announced Basix, a new program for giving loans online to people with what it calls “near-prime” credit history – those who are ineligible for a loan from a bank by just a little bit. (more…)

Analytics, Fintech news, news, p2p/online lending

July 14, 2015

772

Some Chinese Are Taking 22% Margin Loans to Finance Stock Purchases

Bloomberg: As more Chinese jumped into the market in the hope of instant wealth, peer-to-peer websites offering loans for stock investing have mushroomed. They are among a multitude of sources of leverage outside of traditional margin financing that threaten to complicate any efforts to prevent an unruly reversal of China’s stock market boom, which is already faltering. (more…)

China, InspirAsia, p2p/online lending

July 1, 2015

848

Max Levchin’s Affirm Raises $275 Million to Make Loans

RE/CODE: Having dabbled in online slideshows and fertility tracking, PayPal co-founder Max Levchin has swung fully back to his online money roots. Affirm, the online lender where Levchin is co-founder and CEO, has now raised $275 million. The “vast majority” of the round is debt that the company expects to lend out to its customers, an average of $400 at a time. (more…)

Deals, Fintech news, news, p2p/online lending

May 6, 2015

728

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