FastPay, a leading financial technology company that provides lending and financial workflow solutions to digital businesses, today announced the close of a strategic investment from Citi Ventures.
An expert in investments targeting the entrepreneurial financial industry, NewAlpha Asset Management launched the first French venture capital fund dedicated to Fintechs in November 2015.
Lenddo, an Asia-based fintech company that uses non-traditional data for credit scoring and online verification, announced last week it formed a partnership with Korea credit scoring consulting company FKBCG to launch its new company, Lenddo Korea.
The US private equity giant sees a huge opportunity in credit markets benefiting from the disruption of traditional banking models.
Singapore-based CoAssets stages landmark listing on the Australian Securities Exchange, raising S$6.72m.
Eric Daniels, the former chief executive officer of Lloyds Banking Group Plc during the 2008 global financial crash, has joined the board of British peer-to-peer lender, Funding Circle Ltd.
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.
Square announced a new partnership that would allow restaurants and retailers that use point-of-sale hardware and software made by competitors TouchBistro and Vend to access Square’s software and services, including lending.
Moody’s published a report on the potential benefits and pitfalls of partnerships between banks and marketplace lenders. The core benefits were identified as lower acquisition costs and lower cost of capital.
Fundation Group LLC, which makes online business loans, this week completed a $100 million credit facility with Goldman Sachs Group Inc., according to the lender’s chief executive.