Glasgow in sights of fintech aiming to disrupt lending market

A fintech start-up founded by a Glaswegian entrepreneur is aiming to disrupt the lending market with a “totally new and fair approach” – and set to roll out low-cost loans for public sector workers in locations including Glasgow. Salad Money, founded by Debt Hacker campaigner Alan Campbell, is looking to “smash the monopoly” of credit […]

By Reposted by International FinTech | Borrowing . FinTech . Lending

Landbay says October was record month

Fast-growing Fintech Landbay says October was a great month for the real estate peer to peer lending platform. Without providing any details, Landbay tweeted out the news. Earlier this year, Landbay reported that a “leading financial institution” had committed to funding £1 billion in buy to let mortgages originated on the site. This may have […]

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

Koyo FinTech raises $4.9M to assist underbanked UK borrowers

FinTech startup Koyo, which uses Open Banking to offer loans to underbanked UK borrowers, announced that it has raised $4.9 million in funding. The round, a mixture of debt and equity funding, was led by Forward Partners, with participation from Seedcamp, Christian Faes (founder and CEO of LendInvest) and Charles Delingpole (founder and CEO of […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Investing . Lending

Softbank pumps £510m into finance firm Greensill that could kill off payday lenders

Japanese conglomerate Softbank is set to inject another £510million into British online finance firm Greensill as part of plan to launch a new service that aims to wipe out controversial payday loans. City sources said Greensill, set up by former Morgan Stanley banker Lex Greensill, is in advanced talks to buy FreeUp, a technology company […]

By Reposted by International FinTech | FinTech . Investing . Lending . Payments

India’s flourishing fintech sector is craving the finance minister’s attention

While most industries have long lists of demands from finance minister Arun Jaitley leading up to the budget on Feb. 01, India’s booming fintech sector primarily has just one wish—that its presence be acknowledged. While the Narendra Modi government and the Reserve Bank of India (RBI) have already laid down regulations for certain segments, such […]

By Reposted by International FinTech | Bitcoin . Blockchain . FinTech . Peer-to-Peer

Indonesia’s fintech lending boom exploits shortfall in bank loans

Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion. The emergence of these peer-to-peer (P2P) lending platforms has […]

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

The 10 Biggest Fintech Companies in America

Financial technology companies in the U.S. raised $3.5 billion in the first half of 2017, according to KPMG, as investors rushed to place bets in buzzy sectors like insurance and digital currencies. The U.S. is now home to 13 fintech unicorns who have scored valuations of at least $1 billion. This year alone, Robinhood (free […]

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

Singapore’s GIC leads $220 million funding round for Chinese P2P lender Dianrong

Chinese peer-to-peer lending platform Dianrong has raised $220 million from Singapore sovereign fund GIC Pte Ltd [GIC.UL] and other investors to fund R&D in China and potential ventures elsewhere in Asia. Other investors in the funding round included CMIG Leasing, a unit of China’s biggest private investment conglomerate China Minsheng Investment Group (CMIG), and South […]

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