Largest bank in Quebec has for the first time invested into P2P loans. Investment was done through Lending Club, which is the largest provider of P2P loans in the United States and is also traded on a stock exchange.
BlackRock is the third largest holder of Funding Circle’s recently floated SME Income Fund, which raised £150m from institutional investors via the London Stock Exchange in late November 2015.
Deutsche Bank has been mandated to arrange a European marketplace loan securitisation of loans originated by Funding Circle, the UK's largest SME marketplace lending platform.
SocietyOne, an Australian p2p lending marketplace announced that it completed a 25M AUD round, supported by its existing shareholders.
Following months of behind-the-scenes work with OnDeck Capital, JPMorgan Chase has quietly started offering online loans to its existing small-business customers.
Financial technology companies are shaping the financial services industry from the outside in, and more than 20% of traditional players being at risk to fintech companies by 2020, according to a new report by PowerwaterhouseCoopers (PwC).
Current effective interest rate on loans to investors on a Zlty melon reaches double digits. See the analysis on actual interest rates and the net proceeds of the loans to investors provided through Zlty melon.
Santander UK – a subsidiary of BancoSantander, one of the world’s largest banking institutions – announced its strategic partnership with Kabbage, a financial services data and technology platform in the US.
Peer-to-peer lending platform RateSetter has entered into a unique referrals partnership with angel-led equity crowdfunder SyndicateRoom.
London based merchant cash advance platform Liberis has scored a major success with news that the British Business Bank’s commercial investments arm will provide a facility of up to £5m to the platform in order to support finance for small businesses. Additionally, Liberis has just announced that it has reached a major milestone – providing over £100m in funding to UK SMEs.