LendInvest made a surprise-announcement that HSBC UK has opened a bumper £200m funding line for the business to enable its push into residential mortgage lending.
Once named as Europe’s most valuable fintech as it crossed the $1bn mark back around 2015, TransferWise is set to seize the crown back from the likes of N26 ($2.7bn) and OakNorth ($2.8bn) whose funding rounds have eclipsed it in recent years.
Australia’s alternative finance industry has topped US$1bn for the first time, driven by the diverse nature of the market.
Fintech stars such as Monzo, Revolut and Starling have been picked to join a government-backed start-up programme that aims to create “global technology leaders of tomorrow”.
Europe’s most valuable fintech OakNorth has deepened its relationship with the government’s British Business Bank after signing a £133m deal to take part in its Enable guarantee programme for small businesses.
The online property finance hub Lendinvest is plotting a £500m stock market flotation that will provide a fresh test of investors' faith in a fast-growing but volatile area of the non-bank lending market.
Naspers Ltd. wants to spend about $1 billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent Holdings Ltd., a person familiar with the matter said.
Investment manager Downing has completed the acquisition of Funding Empire, a peer-to-peer lender and the company behind Downing Crowd’s platform technology.
Chinese peer-to-peer lending business Lufax has confirmed it has reached an enormous $39.4bn valuation thanks to a Series C round led by private equity house Primavera Capital.