Lending

Jun
12

HK, Singapore rivalry hobbling Asia in $100b Fintech race

Asia’s competitiveness in fintech is being undermined by the rivalry among the region’s financial centers that has created regulatory complexity and uncertainty, a financial lobby group has warned. Governments across Asia—most notably Hong Kong and Singapore—have launched a raft of initiatives to grab a slice of the $100 billion invested in financial technology globally but […]

By Reposted by International FinTech | FinTech . Investing . Lending . Peer-to-Peer
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Jun
02

Peer-to-peer lending giant Zopa confirms £32m fundraise

Zopa scoops £32m in a new investment round led by Indian conglomerate Wadhawan Group, as it looks ahead to bank-build. Zopa, the UK’s original peer-to-peer lending platform, has clinched £32m in its first investment round since early 2014, when it raised £15m from Arrowgrass Capital Partners. The money will be used to help build-out the […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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Jun
02

Almost 40% of Growth Street investors are millennials

Growth Street has revealed that 37.4% of its investors are under the age of 35. The figures go against the views of those who have claimed millennials do not think about saving and investment. Growth Street felt simple digital interfaces and investment products offered by alternative lenders were aimed at giving younger people greater investment […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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May
31

Banco BNI Europa makes €10M investment in Portuguese peer-to-peer platform Raize

Banco BNI Europa has signed a strategic agreement with Portugal’s largest peer-to-peer lender RAIZE to boost lending to SMEs in the country. The online challenger bank is looking to invest €10 million over a two year period. The Portuguese economy has experienced strong GDP growth of 2.8% in the 1st quarter of 2017 and in […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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May
31

Online lender RateSetter valued at over £200 million as it raises £13 million to launch new ISAs

RateSetter, one of the UK’s three biggest peer-to-peer lenders, said on Tuesday it has raised £13 million in equity funding from its existing shareholders. City fund managers Woodford Investment Management and Artemis were both existing investors and took part in the funding round. The funding will be put towards launching its new “Innovative Finance ISA,” […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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May
23

Robo-advice platform completes £2m funding round

MortgageGym, which according to its creators is the world’s only regulated mortgage robo-adviser, has completed a £2m seed funding round ahead of its launch. The platform has raised over £1.3m in cash and technology development finance through deals with fintech investors Gaby Salem of Wharton Asset Management, China Pacific Capital and Trifecta Capital. MortgageGym expects […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Mortgage . Robo-Advice . Venture Capital
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May
18

Online lending startup Earnest said to look for a buyer

Earnest Inc., the financial-technology startup backed by venture capital firms including Andreessen Horowitz, is looking for a buyer as the market for peer-to-peer lending matures, and it struggles to raise new funds. The San Francisco-based company, which offers student loan refinancing as well as personal loans, is shopping itself for about $100 million, according to […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
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May
16

Lendy hits £300m investment mark

The slowdown in bank lending prompted by the Brexit vote has helped Lendy hit the £300m investment mark in April, having channelled £50m to property borrowers in the last 100 days alone. With new loans on the peer-to-peer platform often up to five times oversubscribed, the firm was able to add three larger-size loans over […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
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