Lending

May
16

MarketInvoice secures £45m from Banco BNI Europa

UK-based MarketInvoice has signed an agreement with Banco BNI Europa (BNI), which will now provide £45 million annually to fund working capital for SMEs on the platform. MarketInvoice is now the world’s largest peer-to-peer online invoice finance marketplace, having funded over 70,000 invoices worth more than £1.2 billion since its launch in 2011. Today, the […]

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

Fintech lender RateSetter lands FTSE 100 heavyweight as new chairman

The chairman of global insurance giant Prudential is joining to board of online lender RateSetter as non-executive chairman. Paul Manduca will join the board of the peer-to-peer lender in June and will become chair on July 17 when current chairman Alan Hughes’ three-year term expires. The appointment represents a coup for RateSetter. Manduca is a […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL
May
11

Bitbond secures £4.2m to fund SME loans

Global bitcoin peer-to-peer lending platform Bitbond has received a €5m (£4.2m) commitment from Obotritia Capital to fund small- and medium-sized enterprise (SME) loans. The Potsdam-based investment firm, which usually channels its funds into German commercial real estate, has also bought an equity stake in Bitbond, although the terms of that deal were not disclosed. With […]

By Reposted by International FinTech | Bitcoin . Borrowing . FinTech . Investing . Lending . Peer-to-Peer . Venture Capital
DETAIL
May
10

Assetz Capital attracts £10m of new investment in three weeks

Assetz Capital has seen more than £10m of new investment in peer-to-peer loans following a rise in the interest rate on its 30-Day Access Account. The platform announced last month that it would be increasing interest rates for investors on its 30-Day Access Account by 0.5% to 4.75% for a limited time. Investors still have […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL
Apr
19

P2P platform hits £50m lending milestone

Peer-to-peer (P2P) platform Lending Works has celebrated providing more than £50m worth of loans since its launch in January 2014. The achievement follows a record-breaking first quarter of 2017, with nearly £5m lent via the platform in March alone. Nick Harding, CEO of Lending Works, said: “It’s incredibly rewarding to have come as far as […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL
Apr
18

P2P financing kicks off in Malaysia

The peer-to-peer (P2P) lending industry is off to an encouraging start. Funding Societies Malaysia, the first platform to launch, successfully raised RM320,000 for two term loan financing programmes within three weeks in March. The loans will be used to fund the working capital of two companies – an electronics business and an automobile parts distribution […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL
Apr
05

Fintech Down Under

Cameron Dart is the CEO of International FinTech, a hub that connects Australian fintech companies to the rest of the world and vice versa. The company recently opened a London “launch pad” office that helps Australian startups expand globally and links startups in other countries to the Australian market. To help shed light on the […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
DETAIL
Apr
04

Peer-to-peer lending bosses split on whether to become a bank

UK’s largest peer-to-peer/marketplace lender CEOs outline two very different visions of the future. Funding Circle and Zopa don’t disagree on much. But when it comes to whether or not to launch a bank, CEOs Samir Desai and Jaidev Janardana have reached a divergence point. Both delivered keynote speeches at last week’s AltFi Europe Summit. Desai’s […]

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