Business Loans

Nov
20

Indonesia study: P2P lenders create thousands of jobs, reduce poverty

Peer-to-peer (P2P) lending platforms have provided jobs for more than 362,000 Indonesians and reduced the poverty rate by 0.7 per cent – equal to 177,000 individuals – as they provide access to financing in cities and remote areas alike, a study said last week. The study was conducted by local think tank Institute for Development […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Jul
27

Fintech the future

There are an estimated 600 fintech operators in Australia. The industry is burgeoning and continues to attract new players, so receiving less than double-digit complaints in 16 months isn’t a bad track record. “In addition to those 600 there’s probably another 20 to 30 overseas-based fintech companies that are operating here such as PayPal, Stripe […]

By Reposted by International FinTech | Borrowing . FinTech . Lending
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Jul
27

Search for 2017 Fintech 100 innovators kicks off

Nominations are now open for the 2017 KPMG & H2 Ventures Fintech 100, the annual list designed to recognize leading fintech innovators.   Visit www.fintechinnovators.com by Thursday, 31 August 2017 and nominate your company, or any fintech you think should be considered for the Fintech 100.   The Fintech100, available at www.fintechinnovators.com, is compiled by […]

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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
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
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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
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Mar
27

Fintech helps Chinese SMEs get loans

Small businesses and individuals in China have long found it hard to get loans, as the country’s government-controlled banks prefer to lend to state-owned enterprises. In particular, those living in poorer and less developed areas may not have easy access to a bank. But financial technology, which includes internet banking and has made banking services […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Lending
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Mar
22

Funding Circle close further funding round, valued at $1 billion

Investor interest in the peer-to-peer lending industry shows no sign of slowing; British site Funding Circle have just closed another round of funding, taking their total raise to $380 million. Funding Circle recently closed another round of venture capital funding to the tune of $100 million, valuing the company at $1 billion. The new round […]

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