SoFi – the financial services provider for millennials – has closed a $380m securitisation of consumer loans.
Small business lending platform Kabbage announced a partnership with Scotiabank today to make it easier for residents of Canada and Mexico to take out small business loans of up to $100,000 in minutes.
China is the biggest market in fintech but the world just doesn’t know it yet. It is true, take a look at the chart belowe.
Commercial property lending firm Liberty SBF has secured $75m in its latest Series B round of funding and expands relationship with Capital One.
The UK’s small businesses are already showing signs of nerves. Business loan comparison website Capitalise.com came out with research last week which revealed that the impending referendum has already impacted business investment decisions for 40% of UK SMEs.
The number represented growth from April figures, but decline from record £340 m in March.
Australian point-of-sale credit and payments provider zipMoney has raised A$20.6m in a share placement.
Eiffel eCapital has launched a new investment fund with the backing of several major insurance companies.
Leading Chinese Platform CreditEase Makes First Investment on Avant and Prosper.
FlexiGroup has taken a minority stake in Australian small business lender Kikka Capital.
The big banks are getting into online lending and Wells Fargo is one of the first with small business lending.
Specialist investment fund Blue Elephant starts buying up Prosper loans again after a temporary pause in the programme.
China’s largest peer-to-peer lending platform Lufax has today announced a new white label partnership with Saxo Bank – a global firm that offers online trading services to retail investors.